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DGAP-News: Homag Group AG / Key word(s): Preliminary Results HOMAG Group increases net profit for the year by 45 percent

27.02.2014 / 07:15

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HOMAG Group increases net profit for the year by 45 percent

- Order intake grows by 5 percent in 2013 - Operative EBITDA increases at a higher rate - Sales revenue up against the market trend

Schopfloch, February 27, 2014. The HOMAG Group AG, the world's leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, increased sales revenue and order intake and in particular considerably raised net profit for the fiscal year 2013. According to the preliminary figures, the Group's order intake was up by 5.1 percent, reaching EUR 605.0 million (prior year: EUR 575.8 million). Against a backdrop of a slightly contracting market, the HOMAG Group was able to increase sales revenue by 2.9 percent to EUR 788.8 million (prior year: EUR 767.0 million).

"We look back at a successful fiscal year 2013. We were able to raise order intake thanks to winning over customers with our innovations," says Dr. Markus Flik, CEO. "Particularly pleasing was the positive development of our results of operations. Our measures to increase efficiency are taking effect. We remain on course for profitable growth."

Outpacing sales revenue growth, operative EBITDA before employee participation expenses and before extraordinary expenses of the HOMAG Group was up 6.6 percent to EUR 75.8 million (prior year: EUR 71.0 million). The Group was even able to increase the net profit by 45 percent to EUR 18.4 million (prior year: EUR 12.7 million) and thus considerably exceeded their forecast amounting to EUR 15 million.

According to Hans-Dieter Schumacher, CFO, further evidence for the successful fiscal year is the significant reduction of net liabilities to banks from EUR 89.5 million to EUR 69.2 million. "We also further increased our equity ratio to 32.7 percent (prior year: 30.6 percent)," Schumacher explains.

The detailed results of the fiscal year 2013 of HOMAG Group AG and an updated forecast for 2014 will be published at our annual press conference scheduled for March 27, 2014 in Stuttgart.

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PRESS RELEASE: HOMAG Group increases net profit for the year by 45 percent