The Homag Group has continued to grow, recording strong demand for its products and solutions in the first half of 2017. In the first six months of 2017, incoming orders increased by 33% to Euro 734 million (previous year: Euro 552 million), as the company said in the press release received by Lesprom Network.
By June 30, 2017, the order backlog had reached Euro 542 million (June 30, 2016: Euro 354 million) and sales were up 13% to Euro 597 million (previous year: Euro 527 million). Operating EBIT rose by 47% to Euro 46.9 million (previous year: Euro 31.9 million).
"Our encouraging start to 2017 continued in the 2Q, which means we had an excellent first half," highlights CEO Pekka Paasivaara. "We recorded strong growth in all regions. In China we increased our incoming orders by over 100%."
CFO Franz Peter Matheis adds: "The disproportionately high rise in our earnings also shows that our numerous measures for enhancing efficiency and for standardizing our processes and systems are paying off."
The Homag Group is the world's leading manufacturer of machinery and systems for the woodworking industry and trade.
