DGAP-News

Following a strong 2014, the HOMAG Group to become significantly more profitable in 2015

DGAP-News: Homag Group AG / Key word(s): Final Results
Following a strong 2014, the HOMAG Group to become significantly more
profitable in 2015

31.03.2015 / 08:01

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Following a strong 2014, the HOMAG Group to become significantly more
profitable in 2015

- Dividend increase to EUR 0.40 for 2014 planned
- Preliminary figures for fiscal 2014 confirmed
- Net profit for the year 2015 to increase by around 70 percent

in 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 for the year (after non-controlling interests)     18.9     18.4
Net liabilities to banks                                      28.5     69.2
Employees 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 after sales (prior year
restated)
** Earnings before interest, taxes, depreciation and amortization as well
as before employee profit participation and before extraordinary expenses

Schopfloch, March 31, 2015. HOMAG Group AG, the world's leading
manufacturer of plant and machinery for the woodworking industry and
cabinet makers, aims to grow further and in particular significantly raise
net profit for the fiscal year 2015. According to the recently published
forecast, the company belonging to the Dürr Group anticipates an increase
in net profit for the year of around 70 percent to between EUR 31 million
and EUR 33 million (prior year: EUR 18.9 million). CEO Ralph Heuwing
explains the significant increase forecast: "In the current fiscal year we
aim to further enhance operative earning power. Furthermore, we anticipate
considerably lower extraordinary expenses, as, among other things, the
negative effects arising from the Stiles acquisition, have for the most
part been accounted for in the 2014 result."

The HOMAG Group expects to increase order intake to between EUR 830 million
and EUR 850 million (prior year: EUR 802.6 million) and sales revenue to