The Homag Group increased its incoming orders in 2016 by around 10% to Euro 1,165 million (previous year: Euro 1,058 million). Sales revenue were up by a good 4%, reaching Euro 1,082 million (previous year: Euro 1,039 million). Operating EBIT rose by 13% to Euro 71 million (previous year: Euro 63 million) and thus at a faster rate than sales revenue, as the company said in the press release received by Lesprom Network.
"We were very successful in the last financial year, especially in China, Central Europe and North America", explains CEO Pekka Paasivaara. "Our good business performance, with incoming orders growing at a double-digit rate, is all the more remarkable given the extensive change process we underwent in 2016. As the leading provider of solutions for the woodworking industry, we are well positioned for our expected future growth, and we want to continue to increase our market share. We made excellent progress throughout this change process, which is also reflected in our increased profitability", emphasizes Paasivaara.
The Homag Group plans to continue its growth trajectory in 2017 and expects another increase in order intake, sales revenue and earnings.
The Homag Group is the world's leading manufacturer of machinery and systems for the woodworking industry and carpenters.
