HOMAG: Sales revenue up nearly 5% in 1H/2016

Sales revenue for the HOMAG Group rose nearly 5% to EUR 527 million in the first half of 2016. Order intake was EUR 551 million, reaching similar levels to the Group’s prior year results despite negative exchange rate effects (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 favourable development of business in other regions. We did especially well in China and in central and western Europe,” said CEO Pekka Paasivaara.

At this year’s industry trade shows such as HolzHandwerk in Nuremberg and XYLEXPO in Milan, the HOMAG Group presented improved innovations such a new CNC processing centre with integrated security technology that makes it freely accessible from all sides. The focus was also on smart concepts for Industry 4.0 including standardised machine operation and end-to-end software covering all process steps – from sales to delivery of finished furniture.

The HOMAG Group expects to close 2016 with order intake and sales revenue up slightly, both within the range of EUR 1 billion to EUR 1.1 billion.