DGAP-News: HOMAG Group intends to further increase earning power in 2013
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): Final Results/Forecast
HOMAG Group intends to further increase earning power in 2013
28.03.2013 / 11:14
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HOMAG Group intends to further increase earning power in 2013
- Preliminary figures for fiscal 2012 confirmed
- Net profit for 2012 increased to EUR 12.7 million
- Forecast 2013: increase in sales revenue, order intake and profit
expected
EUR million FY 2012 FY 2011Stuttgart/Schopfloch, March 28, 2013. HOMAG Group AG, the world's leading
Order intake 575.8 574.8
Sales revenue 767.0 798.7
Operative EBITDA 71.0 70.5
EBT 24.3 6.4
Net profit/loss (after non-controlling interest) 12.7 -4.7
manufacturer of plant and machinery for the woodworking industry and for
cabinet makers, presented its results for the fiscal year 2012 in detail at
its press briefing on annual results in Stuttgart. The Company expects
increases in sales revenue and earnings in 2013.
In CEO Dr. Markus Flik's assessment the past fiscal year 2012 was positive:
'In 2012, we wanted to strengthen our earning power in particular. We have
achieved this objective and exceeded our forecasts. Our measures to
increase efficiency, such as the HOMAG Group Action Program and the
restructuring of three subsidiaries, are taking effect here.' As Flik
further explained, the HOMAG Group intends to expand its market position
and further increase its operating performance in 2013.
Fiscal 2012
The HOMAG Group's order intake came to EUR 575.8 million in 2012 (prior
year: EUR 574.8 million). The large-scale project for the customer Mekran
has to be factored in to the sales revenue of EUR 767.0 million (prior
year: EUR 798.7 million). If the sales revenue is adjusted for the sales
revenue with Mekran (2011: EUR 49.4 million; 2012: EUR 10.0 million), sales
revenue increased slightly by 1 percent in 2012.
In his explanations of the earnings indicators, CFO Hans-Dieter Schumacher
emphasized that it was possible to increase all of them in 2012. Operative
EBITDA before employee profit participation expenses and before
extraordinary expenses stood at EUR 71.0 million (prior year: EUR 70.5
million), such that the operative EBITDA margin increased from 8.8 to 9.3
percent. EBT after employee profit participation expenses and after
extraordinary expenses increased substantially to EUR 24.3 million (prior
year: EUR 6.4 million). A considerably lower tax expense ratio (2012: 49.9
percent; 2011: 151.7 percent) leads to a significant net profit for the
year of EUR 12.7 million (prior year: net loss of EUR 4.7 million). This
results in earnings per share of EUR 0.81 (prior year: EUR -0.30).
The HOMAG Group wants to share this positive result with its shareholders.
Consequently, the management board and the supervisory board will propose
to the annual general meeting on May 28, 2013 the payment of a dividend of
EUR 0.25 per share.
Primarily on account of the restructuring measures in the Group, the
implementation of which commenced in 2012, the headcount decreased to 5,048
employees as of December 31, 2012 (prior year:5,141 employees). As
announced, capital expenditures (excluding leases) increased further to EUR
37.0 million in 2012 (prior year: EUR 33.8 million). The focal points of
investment included the new building for the sales and service branch in
Switzerland, the further expansion of the Chinese production plant in
Shanghai and the comprehensive automation of the warehouse logistics at the
largest subsidiary.
Outlook
For the current fiscal year, the management board expects amongst other
things positive impetus from the industry's leading trade fair LIGNA in
Hanover in May 2013. The HOMAG Group wants to exceed the prior year's order
intake in 2013. The aim is also to raise sales revenue further and generate
about EUR 800 million. An increase in operative EBITDA before employee
profit participation expenses and extraordinary expenses of about EUR 75
million is likewise targeted. The Company anticipates a net profit for the
year of about EUR 15 million.
CEO Dr. Flik continues to see the HOMAG Group on a growth course. 'The need
for investment in modern, powerful machines and production lines will
remain uninterrupted in the medium term. Particularly in Asia, the growing
trend toward urbanization is fueling demand for products that are made
using our machines and production lines. As the global market leader, our
aspiration is to benefit from this growth. We will also further optimize
our internal processes with the HOMAG Group Action Program among other
initiatives, and thereby increase our profitability,' Flik adds. Against
this backdrop, the HOMAG Group aims to reach sales revenue of EUR 1 billion
and an operative EBITDA margin of about 12 percent by 2017.
- - - - - - - - - -
Background information
With its 15 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 5,000 employees worldwide, 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 shares have been
listed on the Prime Standard of the Frankfurt stock exchange since July 13,
2007.
Disclaimers
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 or expressions 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
Kai Knitter
Investor Relations and Corporate Communications
Phone: +49 7443 13-2461
kai.knitter(at)homag-group.com
www.homag-group.com
End of Corporate News
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28.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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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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205349 28.03.2013
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Datum: 28.03.2013 - 11:14 Uhr
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