In the 1Q 2021, the Homag Group’s order intake increased significantly by 49% to Euro 448 million (previous year: Euro 302 million). Sales increased by 7% to Euro 309 million, compared to Euro 290 million in the 1Q 2020. As a result of the sharp growth in orders, the order backlog at March 31, 2021, was Euro 719 million, significantly higher than the figure at the previous year’s reporting date (March 31, 2020: Euro 556 million), also reaching a record level. The Homag Group generated an operating EBIT of Euro 13.5 million, compared to Euro 16.1 million in the 1Q 2020.
“The positive trend of the last months of 2020 has continued in the 1Q 2021, even though margin quality has not yet reached pre-crisis levels,” emphasizes CEO Ralf W. Dieter. “It is now clear that the furniture industry is back in an investment cycle after two weaker years.”
The Homag Group is benefiting from the increase in home furniture purchases during the corona pandemic, which is boosting demand among Homag customers. “The prospects for a successful fiscal year 2021 are very good, which is why we expect growth in order intake, sales and EBIT margin,” Dieter adds.
The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops.
