Homag Group AG
Homag Group AG: Figures for first half of 2016
DGAP-News: Homag Group AG / Key word(s): Half Year Results Uninterrupted growth in sales revenue at HOMAG Group
Schopfloch, August 19, 2016. The HOMAG Group, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers has seen its sales revenue grow in the first six months of 2016 by almost 5 percent to EUR 527 million (prior year: EUR 504 million). The Dürr Group majority-owned affiliate was able to almost match its record order intake of the prior year again, despite negative exchange rate effects, and reach EUR 551 million (prior year: EUR 557 million). “Thanks to our global footprint, we have been able to compensate for weak markets in the current crisis regions with a favorable development of business in other regions. We did especially well in China and in central and western Europe,” CEO Pekka Paasivaara explains. At the important industry trade shows HolzHandwerk in Nuremberg and XYLEXPO in Milan, the HOMAG Group presented compelling innovations to its customers. Among the innovations presented was a new CNC processing center with integrated security technology that makes it freely accessible from all sides. The focus was also on smart concepts for Industry 4.0 including standardized machine operation and end-to-end software covering all process steps – from sales to delivery of finished furniture. As of June 30, 2016, the HOMAG Group had 5,983 employees (prior year: 5,780). The company has expanded its headcount mainly at its overseas production companies in India and Poland as well as in its service and sales organization in the United States. The HOMAG Group expects to close 2016 with order intake and sales revenue up slightly, both within a corridor of EUR 1,000 million to EUR 1,100 million. Company background Disclaimer Further information: HOMAG Group AG
2016-08-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Homag Group AG | |
Homagstr. 3-5 | ||
72296 Schopfloch | ||
Germany | ||
Phone: | +49 (0)7443 / 13 – 0 | |
Fax: | +49 (0)7443 / 13 – 2300 | |
E-mail: | info@homag-group.com | |
Internet: | www.homag-group.com | |
ISIN: | DE0005297204 | |
WKN: | 529720 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |