HOMAG Group’s sales revenue reaches billion mark

Order intake for the HOMAG Group grew by 16% to EUR 1,058 million in 2015. Sales revenue exceeded one billion euros for the first time, up almost 14% to EUR 1,039 million (prior year: EUR 915 million).

“In the past fiscal year, we were very successful in North America, but we were also able to grow in western Europe”, says CEO Pekka Paasivaara. “We have thus continued our growth path, and we have exceeded the billion euro sales threshold one year earlier than planned.”

At the company’s in-house exhibitions, the HOMAG Group showcased numerous innovations that were well received by customers. In the field of panel dividing technology, for instance, a fully automated dividing cell for bespoke cutting was introduced to allow a substantial increase in productivity. Targeting window manufacturing specifically, the company unveiled a new machine that can fully process all components, from arch elements and round windows through to doors and conservatory elements.

As of December 31, 2015, the HOMAG Group had 5,906 employees (prior year: 5,659). 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.

Looking at 2016, the HOMAG Group expects order intake and sales revenue to grow slightly and remain within the corridor of EUR 1,000 million to EUR 1,100 million.