In the 1Q 2019, the Homag Group increased its sales by 8% to Euro 319 million (previous year: Euro 295 million), as the company said in the press release received by Lesprom Network.
At Euro 335 million, order intake reached the level of the previous quarters but fell below the extraordinary strong 1Q 2018 (Euro 415 million). Previous years 1Q was influenced by a large order from Poland amounting to around Euro 60 million. The order backlog was worth Euro 622 million as at March 31, 2019.
Operating EBIT decreased slightly to Euro 20.5 million (previous year: Euro 21.9 million), due to higher material and personnel costs.
"We have seen a weaker economic development over the last few months. Thus, our customers were more cautious. Nevertheless we can look back on a respectable 1Q 2019," explains CEO Pekka Paasivaara. "Meanwhile, the slowdown of the Chinese market from the previous year continued, while in the United States, in many European countries and in Asia we saw a good level of incoming orders."
Homag Group is the leading supplier of integrated solutions for production in the woodworking industry and woodworking shops.
