DGAP-News

HOMAG Group generates record sales revenue in 2014

DGAP-News: Homag Group AG / Key word(s): Preliminary Results
HOMAG Group generates record sales revenue in 2014

03.03.2015 / 08:01

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HOMAG Group generates record sales revenue in 2014

- Strong increase in order intake and order backlog
- Improvement in operative earnings indicators
- Substantial reduction in net liabilities to banks

EUR million                                            2014           2013
Order intake*                                         802.6          734.3
Order backlog*                                        307.3          207.6
Sales revenue                                         914.8          788.8
Operative EBITDA**                                     93.2           75.8
Net profit (after non-controlling interests)           18.9           18.4
Net liabilities to banks                               28.5           69.2
Headcount as of December 31                           5,606          5,064

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


Schopfloch, March 3, 2015. HOMAG Group AG, the world's leading manufacturer
of plant and machinery for the woodworking industry and cabinet makers, was
able to substantially increase sales revenue and order intake, and further
improve its operative earnings indicators in fiscal year 2014. A member of
the Dürr Group, the company's sales revenue increased by about 16 percent
to EUR 914.8 million (prior year: EUR 788.8 million) based on preliminary
figures. Somewhat more than half of the growth is attributable to the US
sales and service company Stiles Machinery, Inc., which the HOMAG Group had
acquired at the beginning of 2014. Order intake, which is not affected by
the Stiles acquisition, climbed 9.3 percent to EUR 802.6 million (prior
year: EUR 734.3 million). At EUR 307.3 million as of December 31, 2014, the
Group closed the year with a record order backlog (prior year: EUR 207.6
million).

"We have resolutely remained on our course for growth in 2014 and gained
additional market shares," CEO Ralph Heuwing emphasizes. "We were also able