HOMAG’s 2017 revenue jumps 17%

The Homag Group can look back at 2017 as a successful financial year. Preliminary figures show that the Homag Group’s incoming orders rose by 17 per cent to EUR1.3 billion. Operating EBIT jumped 46 per cent to EUR94.4 million, according to a press release.

The order backlog was worth EUR541 million as at Dec 31, 2017, while sales were up 13 per cent, reaching EUR1.2 billion.

“In 2017, we were successful in all regions around the world,” CEO Pekka Paasivaara said. “We achieved the strongest growth in China, once again pushing the rate well into the double-digits. In the German market as well as in Northern and Eastern Europe and North America, we also recorded high rates of increase.”