Homag sales revenue grows 5% in first half

25 August 2016

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The Homag Group has seen its sales revenue grow in the first six months of 2016 by almost 5% to €527m (prior year: €504m). The Dürr Group majority-owned affiliate was able to almost match its record order intake of the prior year again, despite negative exchange rate effects, and reach Euro €551m (prior year: €557m).

“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,” CEO Pekka Paasivaara explains.

The manufacturer of woodworking plant and machinery expects to close 2016 with order intake and sales revenue up slightly, both within a corridor of €1,000m to €1,100m.