HOMAG Group AG's revenue from the project business increases to more than EUR 100 million in the first six months of 2010

Homag Group AG / Miscellaneous

26.08.2010 15:03

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Schopfloch, August 26, 2010. HOMAG Group AG's production line business
reported significant revenue growth in excess of 50 percent in the first
half of the year. In the segment for complex cells and production lines,
the company crossed the EUR 100 million revenue threshold before the end of
the first six months. The HOMAG Group offers its project business customers
integrated solutions from controls through to machine technology and has
succeeded in expanding its global market leadership also in this segment
with its current order book. Further orders have already been received for
state-of-the-art production lines for the Ikea supplier Swedwood.

Jürgen Köppel, Head of Sales, sees the orders as reflecting the success of
HOMAG Group AG's expertise and reliability. 'One of our strengths is our
ability to supply highly flexible, integrated lines and cells from one
source. Our project business specialists allow us to offer customers
excellent performance from project planning through to handover.'

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Background information
With its 16 specialized production companies worldwide, 20 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plants and machinery for the
woodworking and wood materials industry for the production of furniture and
construction elements as well as prefabricated houses. The group also
offers its customers a wide range of services in related areas for
production machines and equipment. HOMAG Group AG shares have been trading
on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007
and were listed on the SDAX of the German Stock Exchange on October 2007.



Information:

HOMAG Group AG

Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller@homag-group.com 
www.homag-group.com 








26.08.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Homag Group AG
              Homagstr. 3-5
              72296 Schopfloch
              Deutschland
Phone:        +49 (0)7443 / 13 - 0
Fax:          +49 (0)7443 / 13 - 2300
E-mail:       info@homag-group.de
Internet:     www.homag-group.de
ISIN:         DE0005297204
WKN:          529720
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Düsseldorf, Berlin, Stuttgart, Hannover
 
End of News                                     DGAP News-Service
 
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