The Homag Group achieved by far the highest order intake in its history in the fiscal year 2021. Sales and earnings also increased significantly compared to the previous year. In addition to high demand in the furniture industry, growing business in production equipment for the construction of sustainable timber houses also contributed to this success.
According to preliminary figures, the Homag Group’s order intake in the fiscal year 2021 increased by almost 60% to Euro 1,742 million over the previous year (Euro 1,093 million), which had been heavily influenced by the coronavirus pandemic.
“The fact that we exceeded the previous record order intake achieved in 2017 by around 28% reflects last year’s exceptionally strong demand,” emphasizes CEO Dr. Daniel Schmitt.
Sales improved by 25% to Euro 1,389 million (previous year: Euro 1,112 million), also reaching a record level despite supply chain constraints. The strong demand also led to a significant increase in the order backlog, which stood at Euro 1,002 million as of December 31, 2021 (December 31, 2020: Euro 581 million). The Homag Group increased its operating EBIT more than three-fold to Euro 92.1 million (previous year: Euro 27.0 million).
“In 2021, we performed very well in all regions worldwide, benefiting from the high level of investment in the furniture industry,” explains Dr. Daniel Schmitt. “This particularly applies to the European market with its particularly high growth rates.” The very strong service business with a significant increase in sales also had a positive effect.
The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops.
