Homann Holzwerkstoffe Group generated revenues of Euro 117.4 million in the first half of 2020 (H1 2019: Euro 140.2 million) – under the influence of the temporary lockdown as a result of the coronavirus pandemic. 1H 2020 Adjusted operating EBITDA decreased to Euro 19.8 million and the EBITDA margin reached 17% (H1 2019: 17.7%).
At Euro 5.3 million, consolidated net income for the first six months of 2020 was clearly positive. Equity increased to Euro 46.6 million in the reporting period (December 31, 2019: Euro 45.1 million). This corresponds to an equity ratio of 19.2%, compared to 18.3% at the end of 2019.
Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: “All in all, we have come through the difficult months of the crisis well – in this context, special thanks also go to our employees. With the exception of April and May, all of the Group’s plants showed good capacity utilization. The months of July and August were significantly stronger than planned, both in terms of revenues and earnings.”
Homann Holzwerkstoffe Group is a leading European supplier of thin finished wooden fibreboards for the furniture, doors, coatings and automobile industries.
