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Homag Group AG — Earnings Release 2011
May 26, 2011
5408_rns_2011-05-26_f2cae5fe-284d-4885-a72d-baba8bdbe15e.html
Earnings Release
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News Details
Corporate | 26 May 2011 14:59
HOMAG Group crosses the 100 million euro threshold for project order intake
Homag Group AG / Key word(s): Miscellaneous
26.05.2011 / 14:59
Cutomers favor end-to-end solutions from the market leader
Schopfloch, May 26, 2011. In the first five months of 2011, much earlier than in 2010, the HOMAG Group already exceeded the 100 million euro threshold for the order intake in the project business with its own products. Following a 13 percent increase to EUR 187.8 million in total order intake in the first quarter of 2011 compared to the prior-year quarter, the persistently high demand in the project business underlines the positive performance of the HOMAG Group. With orders received from renowned German, European and Asian customers, the supplier with the highest sales revenue for wood processing production lines further extended its global market leadership.
The order volume of the current year covers the entire spectrum of the furniture industry from series production to batch-size 1 lines. Other plants for door panel production as well as tenoner lines for laminate and parquet flooring are likewise part of this high order intake.
Project planning for complete cells and plants is carried out by HOMAG Group Engineering, our specialists with a high degree of system and plant expertise. The extensive industry know-how of the HOMAG Group is based on the expertise of all the group companies, allowing the group to offer tailored and yet at the same time highly flexible solutions and concepts for the entire furniture and componentry industry.
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Background information
With its 16 specialized production companies worldwide, 21 group-owned sales and service companies and approximately 60 exclusive sales partners, HOMAG Group AG's market position is excellent and its portfolio as a comprehensive system supplier and technology partner makes it unique. Backed by a workforce of some 5,000 employees, the company sees itself as the leading global manufacturer for plants and machinery for the woodworking and wood materials industry for the production of furniture and construction elements as well as timber frame houses. The group also offers its customers a wide range of services in related areas for production machines and equipment. HOMAG Group AG shares have been trading on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were listed on the SDAX of the German Stock Exchange on October 2007.
Disclaimer
This press release contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as 'believes', 'estimates', 'assumes', 'forecasts', 'intend', 'may', 'will', 'should' or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the company, which may not occur in the future or may not occur in the anticipated form. The company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
www.homag-group.com
End of Corporate News
26.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | Homag Group AG |
| Homagstr. 3-5 | |
| 72296 Schopfloch | |
| Deutschland | |
| Phone: | +49 (0)7443 / 13 – 0 |
| Fax: | +49 (0)7443 / 13 – 2300 |
| E-mail: | [email protected] |
| Internet: | www.homag-group.de |
| ISIN: | DE0005297204 |
| WKN: | 529720 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
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