DGAP-News

Homag Group AG: Figures for first half of 2016

DGAP-News: Homag Group AG / Key word(s): Half Year Results
Homag Group AG: Figures for first half of 2016

19.08.2016 / 07:56
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Uninterrupted growth in sales revenue at HOMAG Group

                                           H1 2016                  H1 2015
Order intake                       EUR 551 million          EUR 557 million
Sales revenue                      EUR 527 million          EUR 504 million
Headcount (June 30)                          5,983                    5,780

Schopfloch, August 19, 2016. The HOMAG Group, the world's leading
manufacturer of plant and machinery for the woodworking industry and for
cabinet makers has seen its sales revenue grow in the first six months of
2016 by almost 5 percent to EUR 527 million (prior year: EUR 504 million).
The Dürr Group majority-owned affiliate was able to almost match its record
order intake of the prior year again, despite negative exchange rate
effects, and reach EUR 551 million (prior year: EUR 557 million).

"Thanks to our global footprint, we have been able to compensate for weak
markets in the current crisis regions with a favorable development of
business in other regions. We did especially well in China and in central
and western Europe," CEO Pekka Paasivaara explains.

At the important industry trade shows HolzHandwerk in Nuremberg and XYLEXPO
in Milan, the HOMAG Group presented compelling innovations to its
customers. Among the innovations presented was a new CNC processing center
with integrated security technology that makes it freely accessible from
all sides. The focus was also on smart concepts for Industry 4.0 including
standardized machine operation and end-to-end software covering all process
steps - from sales to delivery of finished furniture.

As of June 30, 2016, the HOMAG Group had 5,983 employees (prior year:
5,780). The company has expanded its headcount mainly at its overseas
production companies in India and Poland as well as in its service and
sales organization in the United States.

The HOMAG Group expects to close 2016 with order intake and sales revenue
up slightly, both within a corridor of EUR 1,000 million to EUR 1,100
million.

Company background
With its 15 specialized production companies, 23 group sales and service
companies and approximately 60 exclusive sales partners worldwide, the
HOMAG Group's position as a complete system supplier is unique. Backed by a
workforce of some 6,000 employees, the company sees itself as the leading
global manufacturer of plant and machinery for the woodworking and wood