The Homag Group increased its sales by 6.5% to Euro 1,298 million (previous year: Euro 1,219 million). The order backlog was worth Euro 602 million as of December 31, 2018 (2017: Euro 561 million) and incoming orders reached Euro 1,337 million, the second highest figure in the company's history. It was slightly down from the previous year (Euro 1,366 million). Homag had achieved an exceptionally strong 17% growth in incoming orders, as the company said in the press release received by Lesprom Network.
In terms of operating EBIT, the Homag Group reached an all-time high of Euro 94.9 million (previous year: Euro 91.7 million), despite negative exchange rate effects and a management fee payable to Dürr for the first time.
"We were able to overcome numerous challenges in 2018," highlighted CEO Pekka Paasivaara. "These included the SAP-based modernization of the IT systems and the reorganization of production at our largest plant in Schopfloch. Given these issues, we are satisfied with the achieved results."
The Homag Group was particularly successful in selling large systems for furniture production and won several major projects in the kitchen industry in Germany. "This also contributed to our very positive business performance in Europe and our double-digit percentage growth in Germany", says Paasivaara. "In China, systems business calmed down temporarily, following the strong years of 2016 and 2017."
Homag Group is the leading supplier of integrated solutions for production in the woodworking industry and woodworking shops.
