The Homag Group reports a successful fiscal year 2022, in which the company achieved new record levels of sales and earnings. The Homag Group’s order intake of Euro 1,706 million matched the record level of the previous year of Euro 1,713 million.
“We therefore look back on the second year in a row with an exceptionally high level of order intake,” emphasizes CEO Dr. Daniel Schmitt. “We are almost 30% above previous record levels here.”
The Homag Group recorded particularly high demand in North America in the 2022 fiscal year, with an increase of around 45%. The order book increased to Euro 1,102 million as at December 31, 2022 (previous year: Euro 996 million).
An increase in sales by 17% to Euro 1,602 million (previous year: Euro 1,366 million) represents a new record level in the company’s history. EBIT before special items increased by 36% to Euro 124.8 million and is thus also at an all-time high despite the difficult supply chain situation and high material prices. Dr. Daniel Schmitt attributes the increase in earnings in particular to the high capacity utilization as well as to the efficiency improvements of recent years, and a growing service business.
“In the furniture production sector, demand was once again exceptionally high in the first half of the year and subsequently declined as expected,” said Dr. Schmitt, summarizing the course of the fiscal year. “The business with production equipment for climate-friendly timber houses continues to develop positively, with its share of sales increasing to almost 15%.”
Commenting on the outlook for 2023, Dr. Daniel Schmitt says: “Due to the declining demand in the furniture sector, we expect order intake to normalize in the current fiscal year after the two outstanding previous years. We have a high order backlog. On this basis, we aim to achieve further growth in sales and earnings in 2023.”
The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops.
