HOMAG: Incoming orders up 33 per cent in 1H/2017

The HOMAG Group saw incoming order increase by 33 percent to EUR734 Mn in the first half of 2017, suggesting strong demand for its products and solutions.

By June 30, the order backlog had reached EUR542 Mn (previous year: EUR354 Mn). Sales were also up 13 per cent to EUR597 million. Operating EBITA rose by 47 per cent to EUR46.9 million. The number of employees now total 6,149.

“Our encouraging start to 2017 continued in the second quarter, which means we had an excellent first half,” CEO Pekka Paasivaara said. “We recorded strong growth in all regions. In China we increased our incoming orders by over 100 per cent.”

CFO Franz Peter Matheis added, “The disproportionately high rise in our earnings also shows that our numerous measures for enhancing efficiency and for standardising our processes and systems are paying off.”

The company is also pleased with the outcome of LIGNA. Paasivaara said, “It was clear that our customers are increasingly trending towards digitisation and automation, where we can offer end-to-end solutions from a single source. And thanks to ‘tapio’, the open digital industry platform that we presented, we are all set to lead the entire woodworking industry securely into the digital future.”

He added that customers confirmed that HOMAG’s concept to ensure digital data continuity from point-of-sale through to the entire production process is unique in this industry.

The Group is optimistic about the future and expects 2017 to be a successful one.