Homag Group AG, a German manufacturer of plant and machinery for the woodworking industry and cabinet makers, was able to substantially increase sales revenue and order intake, and further improve its operative earnings indicators in fiscal year 2014. A member of the Dürr Group, the company's sales revenue increased by about 16 percent to EUR 914.8 million (prior year: EUR 788.8 million) based on preliminary figures. Somewhat more than half of the growth is attributable to the US sales and service company Stiles Machinery, Inc., which the Homag Group had acquired at the beginning of 2014. Order intake, which is not affected by the Stiles acquisition, climbed 9.3 percent to EUR 802.6 million (prior year: EUR 734.3 million). At EUR 307.3 million as of December 31, 2014, the Group closed the year with a record order backlog (prior year: EUR 207.6 millions.
“We have resolutely remained on our course for growth in 2014 and gained additional market shares,” CEO Ralph Heuwing emphasizes. “We were also able to significantly improve our operative results of operations, although we continue to see potential here that can be captured in the years ahead.”
Outpacing sales revenue growth, operative EBITDA before employee participation expenses and before extraordinary expenses of the Homag Group rose 23.0 percent to EUR 93.2 million (prior year: EUR 75.8 million). Net profit after non-controlling interests increased slightly to EUR 18.9 million (prior year: EUR 18.4 million). Net profit was burdened by some special effects, mainly attributable to the Stiles acquisition.
