Wood fibreboard manufacturer Homann Holzwerkstoffe, which trades as Homanit, has reported increased revenues for the third quarter (Q3) of 2026, with its financial and operational performance meeting management expectations.
The company recorded positive and notably higher adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) in Q3 compared with the first half of the year.
Operating cash flow also improved compared to previous periods.
Demand for medium- and high-density fibreboards (MDF/HDF) showed signs of improvement during the quarter, and price increases introduced earlier in the year began to show results.
Management stated that Q3 developments align with their expected trajectory for the second half of 2026 and therefore confirmed guidance for the full year as last updated in August.
At the Lithuanian production site in Pagiriai, Homann’s planned capacity adjustment is proceeding according to schedule.
The company expects this facility to reach freeze status by the end of 2026, in line with the timetable announced in August.
Homann continues to anticipate an operating loss of approximately €23m ($25.7m) from its Lithuanian operations this year.
Following the measures at Pagiriai and the transition into freeze status, the group forecasts that negative contribution will decline to approximately €3m in 2027.
Homann anticipates that reduced losses from its Lithuanian operations, combined with a stable underlying business, will provide the group with a stronger foundation as it moves into 2027.
Based in Munich, Homann operates manufacturing sites in Losheim am See in Germany, Karlino and Krosno/Oder in Poland, and Pagiriai in Lithuania, serving customers worldwide with a primary focus on European markets.
The company makes thin, refined MDF/HDF boards for the furniture, door and coating industries.
