HOMAG first quarter sales jump 31%

Image: HOMAG at LIGNA 2017/ Credit: Deutsche Messe

The HOMAG Group’s sales revenue climbed 31 per cent to EUR 401Mn in Q1/2017. Order backlog reached its highest level in the company’s history with EUR 520 million as of March 31, 2017 while sales revenue increased 14 per cent to EUR 296. Operating EBIT climbed to EUR 23.2 million.

“We had an extraordinarily good first quarter,” CEO Pekka Paasivaara said. “In all major regions, particularly in North America, Europe and China, we were able to increase our order intake substantially.”

He also views 2017 with optimism. “We are confident that our innovations are going to resonate extremely well with customers there. In addition, we are presenting “tapio”, a powerful IoT-platform for the wood processing sector at LIGNA. This signals our entry to the second stage of Industry 4.0. And we are not stopping there: our aim is to lead the entire market into the digital future.”