For the first half of 2021, the Homag Group has reported a new record level of orders, which is substantially above the previous peak figure. This positive development is partly attributable to the new Solid Wood Processing business unit, through which Homag is strongly pushing ahead with its solid wood activities for timber frame house construction.
Compared to the first half year of 2020, which was marked by the effects of the pandemic, order intake at the Homag Group was up substantially by 80%, increasing to Euro 887 million (previous year: Euro 493 million). The company thus exceeded its previous record level of Euro 734 million, achieved in 2017, by around 20%.
Sales increased by 19% to Euro 657 million (previous year: Euro 552 million), while orders on hand also reached an all-time high of Euro 844 million on June 30, 2021 (June 30, 2020: Euro 480 million). The Homag Group improved its operating EBIT to Euro 39.6 million (previous year: Euro 10.7 million).
“We are at the beginning of a new investment cycle. Plus, our customers around the world are benefiting from the fact that people are increasingly investing in their living spaces,” highlights CEO Ralf W. Dieter.
“This, in turn, leads to dynamic demand for efficient machines, like the ones used for producing kitchens and furniture – and these innovative solutions are what we are offering our customers.”
The stand-alone machine business, along with the service business, saw a particularly positive development at the Homag Group in the first six months of 2021. But the company’s systems business involving large systems is also on the road to recovery, part of which almost came to a standstill in the same period of the previous year due to the coronavirus pandemic.
The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops.
