DGAP-News
HOMAG Group generates record sales revenue in 2014 - Seite 2
to significantly improve our operative results of operations, although we
continue to see potential here that can be captured in the years ahead."
Outpacing sales revenue growth, operative EBITDA before employee
participation expenses and before extraordinary expenses of the HOMAG Group
rose 23.0 percent to EUR 93.2 million (prior year: EUR 75.8 million). Net
profit after non-controlling interests increased slightly to EUR 18.9
million (prior year: EUR 18.4 million). Net profit was burdened by some
special effects, mainly attributable to the Stiles acquisition.
"Our positive business development and our good operative results of
operations in fiscal year 2014 are reflected in the substantial reduction
in net liabilities to banks", CFO Hans-Dieter Schumacher emphasizes. This
had decreased as of December 31, 2014 by about 59 percent to EUR 28.5
million (prior year: EUR 69.2 million), despite the cash outflow for the
Stiles acquisition, increased investment and the larger dividends
distributed.
As of December 31, 2014, the HOMAG Group's headcount rose to 5,606
employees (prior year: 5,064 employees). This includes 329 employees from
the acquired Stiles Machinery, Inc. Apart from this, the build-up in
headcount is mainly attributable to the foreign production facilities in
Poland and China.
The detailed results of the fiscal year 2014 of the HOMAG Group together
with an updated forecast for 2015 will be published on March 31, 2015.
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Background information
With its 15 specialized production companies, 23 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,600 employees worldwide, the Company sees itself as the
leading global manufacturer of plant and machinery for the woodworking and
wood materials processing industry and cabinet makers active in the
production of furniture and construction elements as well as timber frame
houses. The Group also offers its customers a wide range of services,
including software and consulting services. Since October 2014 HOMAG Group
AG is a member of the Dürr Group.
Disclaimer
This press release contains certain statements relating to the future.
Future-oriented statements are all those statements that do not pertain to
historical facts and events or expressions pertaining to the future such as
"believes", "estimates", "assumes", "forecasts", "intend", "may", "will",
operations in fiscal year 2014 are reflected in the substantial reduction
in net liabilities to banks", CFO Hans-Dieter Schumacher emphasizes. This
had decreased as of December 31, 2014 by about 59 percent to EUR 28.5
million (prior year: EUR 69.2 million), despite the cash outflow for the
Stiles acquisition, increased investment and the larger dividends
distributed.
As of December 31, 2014, the HOMAG Group's headcount rose to 5,606
employees (prior year: 5,064 employees). This includes 329 employees from
the acquired Stiles Machinery, Inc. Apart from this, the build-up in
headcount is mainly attributable to the foreign production facilities in
Poland and China.
The detailed results of the fiscal year 2014 of the HOMAG Group together
with an updated forecast for 2015 will be published on March 31, 2015.
- - - - - - - - - - - -
Background information
With its 15 specialized production companies, 23 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,600 employees worldwide, the Company sees itself as the
leading global manufacturer of plant and machinery for the woodworking and
wood materials processing industry and cabinet makers active in the
production of furniture and construction elements as well as timber frame
houses. The Group also offers its customers a wide range of services,
including software and consulting services. Since October 2014 HOMAG Group
AG is a member of the Dürr Group.
Disclaimer
This press release contains certain statements relating to the future.
Future-oriented statements are all those statements that do not pertain to
historical facts and events or expressions pertaining to the future such as
"believes", "estimates", "assumes", "forecasts", "intend", "may", "will",
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