The Homag Group has seen its sales revenue grow in the first six months of 2016 by almost 5% to Euro 527 million (prior year: Euro 504 million). The Dürr Group majority-owned affiliate was able to almost match its record order intake of the prior year again, despite negative exchange rate effects, and reach Euro 551 million (prior year: Euro 557 million).
“Thanks to our global footprint, we have been able to compensate for weak markets in the current crisis regions with a favorable development of business in other regions. We did especially well in China and in central and western Europe,” CEO Pekka Paasivaara explains.
The Homag Group expects to close 2016 with order intake and sales revenue up slightly, both within a corridor of Euro 1,000 million to Euro 1,100 million.
The Homag Group is the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers.
