The Homag Group increased its sales by 3.7% (adjusted for exchange rate effects: +6%) to Euro 937 million (previous year: Euro 904 million). The order backlog reached a volume of Euro 666 million as of September 30, 2018 and incoming orders were at Euro 1,041 million in the first nine months of 2018. It thus fell by 3.5% compared with the very high figure of last year (Euro 1,079 million).

Maschinen

Homag Group increased sales by 3.7% in the first nine months of 2018

The Homag Group increased its sales by 3.7% (adjusted for exchange rate effects: +6%) to Euro 937 million (previous year: Euro 904 million). The operating EBIT of Euro 65.2 million (previous year: Euro 72.4 million) was influenced, among other things, by negative exchange rate effects and a management fee paid to Dürr, as the company said in the press release received by Lesprom Network.

The order backlog reached a volume of Euro 666 million as of September 30, 2018 and incoming orders were at Euro 1,041 million in the first nine months of 2018. It thus fell by 3.5% compared with the very high figure of last year (Euro 1,079 million).

"In the course of the year we have invested a lot into a future-proof setup of the Homag Group," explains CEO Pekka Paasivaara. This includes the SAP-based modernization of IT systems, digitization, and the expansion of assembly plants at various locations. Production at the largest plant in Schopfloch is currently being reorganized to be prepared for the rapidly growing systems business. Pekka Paasivaara emphasizes: "With the efficiency improvements so far we are on the right track, but have not reached our ambition fully yet".

Homag Group is the leading supplier of integrated solutions for production in the woodworking industry and woodworking shops.