DGAP-News

HOMAG Group raises order intake, sales revenue and earnings - Seite 2

July and September 2014. Operative EBITDA before employee profit
participation expenses and before extraordinary expenses increased by just
under 15 percent to EUR 28.2 million (prior year: EUR 24.5 million). The
net profit for the period after non-controlling interests increased to EUR
8.8 million (prior year: EUR 6.6 million). This results in earnings per
share of EUR 0.56 (prior year: EUR 0.42).

The HOMAG Group's headcount increased to 5,553 employees as of September
30, 2014 (prior year: 5,062 employees). The significant increase is above
all due to the Stiles acquisition, where 321 people were employed at the
end of the quarter. In addition, the company increased the headcount at its
foreign production companies in China and Poland.

First to third quarters of 2014
The HOMAG Group's order intake increased by 13 percent to EUR 647.0 million
in the first nine months of 2014 according to the new calculation method
(prior year (restated): EUR 572.4 million). Sales revenue rose by more than
15 percent to EUR 661.9 million (prior year: EUR 574.9 million).
Approximately EUR 42 million of this amount stems from the Stiles
acquisition. Operative EBITDA before employee profit participation expenses
and before extraordinary expenses rose by 29 percent to EUR 66.4 million
(prior year: EUR 51.5 million). The net profit for the period after
non-controlling interests improved by more than 50 percent to EUR 16.2
million (prior year: EUR 10.7 million), and leads to earnings per share of
EUR 1.03 (prior year: EUR 0.68).

Outlook
Based on the positive development of business in the first nine months, the
management board of the HOMAG Group now expects to achieve order intake,
sales revenue and operative EBITDA for 2014 at the higher end of the
forecast ranges described below, or even exceed these slightly. Order
intake is expected in a range between EUR 760 million and EUR 780 million
(prior year (restated): EUR 734 million). The acquisition of Stiles
Machinery, Inc. will not lead to any increase in order intake based on the
new method of calculation. The Group's sales revenue is expected to reach
between EUR 860 million and EUR 880 million. About half of this sales
revenue growth is expected to result from the Stiles acquisition. Operative
EBITDA before employee profit participation expenses and before
extraordinary expenses is estimated to be between EUR 82 million and EUR 84
million in 2014. The Stiles acquisition will lead to special burdens and
extraordinary expenses will arise as a result of the acquisition by Dürr