Aug 13, 2015. /Lesprom Network/. Homag Group AG continued to develop well in the 2Q 2015. The company raised order intake by more than 10% between April and June 2015 to Euro 270.2 million (prior year: Euro 243.5 million). Sales revenue also rose by a good 10% to Euro 249.8 million and order backlog rose accordingly to Euro 371.5 million as of June 30, 2015, the company said in the press release received by Lesprom Network.

“The success at LIGNA, the world’s leading trade fair for our industry, in Hanover and the favorable development of currencies have contributed to us continuing on our course for growth in the 2Q 2015,” emphasizes CEO Pekka Paasivaara.

EBIT rose to Euro 9.6 million (prior year: Euro 8.9 million). 2Q net profit for after non-controlling interests comes to Euro 6.5 million (prior year: Euro 4.9 million).

“With the FOCUS optimization program, the implementation of which has been successfully initiated, we want to further increase sales revenue and earnings in the coming years. The goal is to achieve an EBIT margin of 8-10% and generate sales revenue of Euro 1.25 billion by 2020,” explains Ralph Heuwing, co-CEO of HOMAG Group AG.

The Homag Group’s order intake improved by more than 10% to Euro 557.4 million in the first six months of 2015. Sales revenue rose by a good 17% to Euro 504.1 million (prior year: Euro 430.5 million).

EBIT increased by 44% to Euro 21 million (prior year: Euro 14.6 million) in 1H 2015. The net profit for the period after non-controlling interests also increased by around 44% to Euro 10.6 million (prior year: Euro 7.4 million).

Homag Group AG is the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers.