In the first nine months of 2015, the Homag Group was able to boost its order intake by almost 11% to Euro 814.7 million (prior year: Euro 735.0 million) while sales revenue increased more than 15%t to Euro 763.9 million (prior year: Euro 661.9 million).
“Our performance in North America and Western Europe was particularly good,” CEO Pekka Paasivaara explains.
The Homag Group has revised its forecast for the full twelve months of 2015 upward, and now aims to break the one billion euro mark in both order intake and sales revenue (previous forecast: order intake of between Euro 940 and 960 million, sales revenue of between Euro 950 and 970 million).
As Pekka Paasivaara points out: “This means that for the first time in the Company's 55-year history, we are looking to generate sales revenue of more than Euro 1 billion.”
The Homag Group changed stock exchange segments in July 2015 and is since listed on the Entry Standard of the Open Market. Owing to the transparency requirements applicable in that segment, the Company no longer publishes reports for the first and third quarters, but instead issues a press release disclosing order intake and sales revenue only.
Homag Group AG is the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers.
