DGAP-News: HOMAG Group's operations in 2011 a success
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): Preliminary Results
HOMAG Group's operations in 2011 a success
07.03.2012 / 07:11
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HOMAG Group's operations in 2011 a success
- Group's sales revenue increased by 11 percent
- Operating result improved by 8 percent
- Restructuring expenses and other effects lead to net loss for the year
Schopfloch, March 7, 2012. The operations of HOMAG Group AG, the world's
leading manufacturer of plant and machinery for the woodworking industry
and cabinet makers, were a success in 2011, and developed better than
forecast, based on preliminary figures.
'We were proactive in 2011 and were able to raise our sales revenue in all
four quarters, despite the uncertainty in financial markets,' CEO Dr.
Markus Flik emphasizes. 'We took on the challenges and, thanks to a good
fourth quarter and our increased productivity, we were even able to exceed
our forecast sales revenue and operating result.'
According to the preliminary figures, order intake in the Group increased
by about 6 percent, reaching EUR 574.8 million (prior year: EUR 541.0
million). Sales revenue rose by just over 11 percent to EUR 798.7 million
(prior year: EUR 717.7 million). The increased productivity is reflected in
the operative EBITDA (before employee participation expenses and before
extraordinary expenses), which rose by just over 8 percent to EUR 70.5
million (prior year: EUR 65.1 million) in the HOMAG Group based on the
preliminary figures for 2011.
In the fiscal year 2011, restructuring expenses of EUR 18.9 million were
incurred owing to the measures taken at the subsidiaries BÜTFERING, FRIZ
and TORWEGGE. In the course of this restructuring, which is progressing as
planned, the production locations in Germany are to be reduced from eleven
to eight. 'We are confident that this will make the HOMAG Group more
competitive and that we have thus laid the foundation for a successful
future,' says Dr. Flik.
The restructuring, combined with other factors, leads to an extraordinarily
high tax expense rate of 151.7 percent (prior year: 43.9 percent). This
results in a net loss after non-controlling interests of EUR 4.7 million
(prior year: net profit of EUR 6.7 million).
The results of the fiscal year 2011 of HOMAG Group AG will be published in
greater detail and a forecast for 2012 presented at the press briefing on
the annual results scheduled for March 30, 2012 in Stuttgart.
- - - - - - - - - -
Background information
With its 17 specialized production companies, 21 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,100 employees, the company sees itself as the leading
global manufacturer of plant and machinery for the woodworking and wood
materials processing industry and cabinet makers active in the production
of furniture and construction elements as well as timber frame houses. The
group also offers its customers a wide range of services, including
software and consulting services. HOMAG Group AG's shares have been listed
on the Prime Standard of the Frankfurt stock exchange since July 13, 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 orexpressions 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 announcement,
it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Investor Relations
Kai Knitter
Tel.: +49 7443 13-2461
kai.knitter(at)homag-group.com
www.homag-group.com
End of Corporate News
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07.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Germany
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.com
Internet: www.homag-group.com
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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159383 07.03.2012
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Datum: 07.03.2012 - 07:11 Uhr
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