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EQS-News Homann Holzwerkstoffe reports positive performance for H1 2022

EQS-News: HOMANN HOLZWERKSTOFFE GmbH / Key word(s): Half Year Report/Half Year Results
Homann Holzwerkstoffe reports positive performance for H1 2022

29.09.2022 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Homann Holzwerkstoffe reports positive performance for H1 2022

  • Revenues up by 35.8% to EUR 213.0 million (H1 2021: EUR 156.9 million)
  • Adjusted operating EBITDA of EUR 45.8 million (H1 2021: EUR 32.5 million)
  • Positive outlook in spite of difficult market conditions: Guidance for full year 2022 confirmed
  • Gunnar Halbig becomes new Managing Director of the Group

Munich, September 29, 2022 – Homann Holzwerkstoffe GmbH, a leading European supplier of thin, refined wooden fibreboards for the furniture, doors and coatings industries, today published its report for the first six months of the financial year 2022, according to which the company increased its revenues by 35.8% from EUR 156.9 million in the prior year period to EUR 213.0 million. Adjusted operating EBITDA also clearly exceeded the prior year period (H1 2021: EUR 32.5 million) and amounted to EUR 45.8 million. At 20.8%, the EBITDA margin was on a par with the prior year period (H1 2021: 20.9%). Consolidated net income more than doubled from the previous year’s EUR 12.9 million to EUR 30.3 million.

Equity increased to EUR 135.9 million in the reporting period, in particular due to the clearly positive interim consolidated result (December 31, 2021: EUR 107.3 million). This sent the equity ratio rising to 30.4% – in spite of greatly increased total assets – compared to 28.6% at the end of the financial year 2021.

“We are satisfied with our business performance in the first half of 2022, especially against the background of the challenging political and economic situation,” said Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH. “The relevant output markets for HD/MD fibreboards in our core countries were stable in the first half of 2022. The changed competitive situation made it possible to offset revenue shortfalls relating to the markets in Russia, Belarus and Ukraine.”

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Nachrichtenquelle: EQS Group AG
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EQS-News Homann Holzwerkstoffe reports positive performance for H1 2022 EQS-News: HOMANN HOLZWERKSTOFFE GmbH / Key word(s): Half Year Report/Half Year Results Homann Holzwerkstoffe reports positive performance for H1 2022 29.09.2022 / 09:00 CET/CEST The issuer is solely responsible for the content of this …

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