Homag remains on grow path

In the first quarter, the Homag Group increased sales by 24% to € 254.3 million (last year's quarter: € 204.8 million), according to a report provided by Homag which is now owned by the Dürr Group. Orders received increased by 10% to a monetary value of € 287.2 million (€ 260 million). As of 31 March, the order backlog rose to € 354.1 million (€ 294 million).

EBITDA before employee participation expenses buoyed by 50% to € 22.6 million (€ 15.0 million). EBIT after employee participation expenses more than doubled to € 11.5 million (€ 5.6 million). For the full year, the Homag Group is expecting incoming orders worth between € 940 and 960 million. Target for total group sales is € 950-970 million. EBITDA before employee participation expenses are expected to rise to € 92-94 million this year. Consolidated net profit should arrive at 31-33 million, says Homag.