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The HOMAG Group reports good order situation
DGAP-News: Homag Group AG / Key word(s): Quarter Results
The HOMAG Group reports good order situation
15.05.2013 / 07:02
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The HOMAG Group reports good order situation
- Order intake and order backlog increase in the first quarter of 2013
- Sales revenue and earnings influenced by fewer deliveries
- Forecasts for 2013 confirmed
in EUR million Q1 2013 Q1 2012
Order intake 182.3 170.6
Order backlog 230.9 208.9
Sales revenue 176.7 187.7
Operative EBITDA 13.4 16.7
EBT 3.6 6.8
Net profit for the period (after 1.8 3.2
non-controlling interests)
Schopfloch, May 15, 2013. The HOMAG Group, the world's leading manufacturer
for plant and machinery for the woodworking industry and for cabinet
makers, was able to significantly increase order intake by nearly 7 percent
to EUR 182.3 million in the first quarter of 2013 (prior year: EUR 170.6
million), contrary to the industry trend. CEO Dr. Markus Flik explains:
'This good order intake is even more remarkable considering the recently
held LIGNA, the leading trade fair in the industry, as many of our
customers typically wait until after LIGNA to make investment decisions.'
The order backlog reached with EUR 230.9 million as of March 31, 2013
(prior year: EUR 208.9 million) the highest first-quarter figure since
2008, because among other factors numerous complex projects were in an
early phase of processing at the end of the quarter.
The decrease in sales revenue to EUR 176.7 million between January and
March 2013 (prior year: EUR 187.7 million) is, on the one hand, due to fact
that the prior-year sales revenue included around EUR 5 million from the
large-scale project for the customer Mekran which had an above-average
proportion of merchandise. On the other, some delivery dates were postponed
by customer request. 'A portion of this sales revenue has thus been shifted
to the coming months', Flik adds.
Lower sales revenue in the first quarter of 2013 compared to the prior year
has had a direct impact on the HOMAG Group's results of operations.
According to CFO Hans-Dieter Schumacher, the quarterly results were also
burdened by higher personnel expenses relating to the collectively
bargained wage increase of 2012, the temporarily higher expenses in
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