Homag again achieves high capacity of incoming orders

22 August 2018

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In the first half of 2018 (H1, 2018), the Homag Group – the world’s leading supplier of integrated solutions for production in the woodworking industry and the trades – recorded an increase in sales over the previous year and once again achieved a high level of incoming orders.

Sales in H1, 2018 were up 1.3% and reached €606m (H1, 2017: €598m), while incoming orders reached

€701m, a 4.4% drop against H1, 2017 when incoming orders reached an all-time high of €734m.

As of June 30, 2018 the Homag Group's order backlog was worth €658m (H1, 2017: €556m). While operating EBIT, at €41.5m fell from €48.1m reached in H1, 2017. This drop was influenced by various factors, among them the introduction of a new ERP software and the associated delivery bottlenecks, a sustained high level of investment in digitisation, the launch of new branding for the entire product range, a management fee paid to Dürr (the holding company), and negative exchange-rate effects particularly from North America. As at June 30, 2018, the Homag Group had 6,567 employees (H1, 2017: 6,149 employees).