In the 1Q 2018, the Homag Group further increased its level of incoming orders, after a very good quarter in the previous year, as the company said in the press release received by Lesprom Network.
In the 1Q 2018, the Homag Group's incoming orders increased by 4% to Euro 415 million (previous year: Euro 401 million). The order backlog was worth Euro 676 million as at March 31, 2018, while sales, at Euro 295 million, were on a par with the previous year (Euro 297 million).
Operating EBIT includes a management fee paid to Dürr for the first time. At Euro 21.9 million, it followed on from the good level of the previous year (Euro 22.5 million), while investments in digitization remained high. The figures were impacted by negative exchange-rate effects, without which incoming orders, sales and earnings would have been higher.
"Our order intake was buoyant, especially in northern and eastern Europe as well as the United States", explains CEO Pekka Paasivaara. "As expected, due to the SAP rollout in our largest plant in Schopfloch, we delivered fewer systems in the 1Q. As the year proceeds, we anticipate sales and earnings to grow."
The Homag Group is the world's leading supplier of integrated solutions for production in the woodworking industry and woodworking shops.
