DGAP-News

HOMAG Group raises order intake, sales revenue and earnings

DGAP-News: Homag Group AG / Key word(s): 9-month figures
HOMAG Group raises order intake, sales revenue and earnings

13.11.2014 / 07:02

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HOMAG Group raises order intake,
sales revenue and earnings

- Order intake increases by 15 percent in the third quarter of 2014
- Net profit for the period raised by more than 32 percent
- Order intake, sales revenue and operative EBITDA
expected at the higher end of the forecast ranges for 2014

in EUR million                                              Q3 2014 Q3 2013

Order intake*                                                 203.2   176.9

Order backlog*                                                302.8   239.3

Sales revenue                                                 231.4   202.9

Operative EBITDA**                                             28.2    24.5

Net profit for the period (after non-controlling interests)     8.8     6.6

* New calculation method: Order intake and order backlog now contain own
machines, merchandise of production companies and after sales
**Earnings before interest, taxes, depreciation and amortization as well
as before employee profit participation and before extraordinary expenses

Schopfloch, November 13, 2014. The HOMAG Group, the world's leading
manufacturer of plant and machinery for the woodworking industry and for
cabinet makers continued its positive business development in the third
quarter of 2014. Order intake increased by 15 percent to EUR 203.2 million
(prior year: EUR 176.9 million) and order backlog rose by more than 26
percent to EUR 302.8 million as of September 30, 2014 (prior year: EUR
239.3 million). The HOMAG Group's sales revenue was up by 14 percent to EUR
231.4 million (prior year: EUR 202.9 million), although more than half of
sales revenue growth stems from Stiles Machinery, Inc., which was fully
acquired in February 2014.

Dr. Markus Flik, CEO, attributes the high order intake, among other things,
to the global positioning of the HOMAG Group. "We were able to more than
compensate for the noticeable lull on the Russian market thanks to the good
development in the US and China and, as a result, grow significantly in an
overall challenging market environment."

According to CFO, Hans-Dieter Schumacher, the Stiles acquisition slightly
burdened earnings again in the third quarter of 2014. Nevertheless, the
HOMAG Group was able to further improve its results of operations between