The German company attributed a 14% increase in order intake (to €142.1m) to positive results from the Ligna show in Hannover back in May.

"We were able to convince customers with our innovations there," said Homag ceo Markus Flik."This is now reflected in our strong order intake, which also benefited from our global presence in all markets."

The group said its profits growth was also attributable to its further increased productivity.

For the first nine months of 2012, order intake was up 5% to €472.9m, with sales up marginally to €574.9m, while EBITDA was slightly down to €51.5m.

Homag said the high order backlog, good level of new orders and positive results from recent in-house shows gave it confidence for the final quarter of 2013.

It aims to hit full-year sales of around €800m in 2013 and EBITDA of €75m and net profits of €15m.