DGAP-News: HOMAG Group reports a good order situation
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): Quarter Results
HOMAG Group reports a good order situation
12.11.2013 / 07:00
---------------------------------------------------------------------
HOMAG Group reports a good order situation
- Order intake increased by 14 percent in the third quarter
- Further improvement in operating performance and results of operations
- Forecasts for 2013 confirmed
EUR million Q3 2013 Q3 2012*Earnings before interest, taxes, depreciation and amortization and before
Order intake 142.1 124.9
Order backlog 229.4 218.5
Sales revenue 202.9 195.5
Operative EBITDA* 24.5 21.5
EBT** 10.9 9.9
Net profit for the period after 6.6 5.7
non-controlling interests
employee participation and before extraordinary expenses
**Earnings before taxes after employee participation and after
extraordinary expenses
Schopfloch, November 12, 2013. The HOMAG Group, the world's leading
manufacturer of plant and machinery for the woodworking industry and
cabinet makers, has increased its order intake by around 14 percent to EUR
142.1 million in the third quarter of 2013 (prior year: EUR 124.9 million).
CEO Dr. Markus Flik attributed the highest figure recorded in a third
quarter since 2007 to the positive results of LIGNA in May, among other
factors: 'We were able to convince customers with our innovations there.
This is now reflected in our strong order intake, which also benefited from
our global presence in all markets.' The order backlog of the global market
leader rose to EUR 229.4 million as of September 30, 2013 (prior year: EUR
218.5 million) and sales revenue increased by 4 percent to EUR 202.9
million (prior year: EUR 195.5 million).
Outpacing sales revenue, operative EBITDA before employee participation
expenses and before extraordinary expenses was up 14 percent to EUR 24.5
million (prior year: EUR 21.5 million). 'This above-trend increase is
mainly attributable to our further increased productivity, which is also
reflected in the decrease in the ratio of personnel expenses to total
operating performance,' emphasizes CFO Hans-Dieter Schumacher. EBT after
employee participation expenses and after extraordinary expenses rose to
EUR 10.9 million (prior year: EUR 9.9 million). The decrease in the tax
expense ratio to 37 percent (prior year: 46 percent) leads to a net profit
for the period after non-controlling interests of EUR 6.6 million (prior
year: net profit of EUR 5.7 million). This results in earnings per share of
EUR 0.42 (prior year: EUR 0.36).
As of September 30, 2013, the HOMAG Group had 5,062 employees (prior year:
5,085 employees).
First to third quarters of 2013
In the first nine months of 2013, the Group's order intake was up by nearly
5 percent to EUR 472.9 million (prior year: EUR 452.1 million). Sales
revenue increased to EUR 574.9 million (prior year: EUR 571.5 million).
Operative EBITDA before employee participation expenses and before
extraordinary expenses decreased slightly to EUR 51.5 million (prior year:
EUR 52.4 million) due to negative exchange rate effects. At EUR 18.3
million, EBTafter employee participation expenses and after extraordinary
expenses remained at the prior-year level (prior year: EUR 18.2 million).
Due to the lower tax expense ratio of 39 percent (prior year: 54 percent),
the net profit for the period after non-controlling interests rose to EUR
10.7 million (prior year: EUR 8.7 million), leading to earnings per share
of EUR 0.68 (prior year: EUR 0.55).
Outlook
The management board looks ahead to the final quarter with confidence based
on the high order backlog, the good order intake and the positive results
of the in-house trade fairs held at the end of September. Therefore, the
2013 forecasts still apply, according to which the Group aims to exceed the
prior-year order intake figure in 2013 and generate sales revenue for the
Group of around EUR 800 million. The Group anticipates an operative EBITDA
before employee participation expenses and before extraordinary expenses of
around EUR 75 million and expects to return a net profit of the Group for
the year of around EUR 15 million.
- - - - - - - - - -
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.
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 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
Head of Investor Relations&Corporate Communications
Phone: +49 7443 13-2461
kai.knitter(at)homag-group.com
www.homag-group.com
End of Corporate News
---------------------------------------------------------------------
12.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
GermanyPhone: +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
---------------------------------------------------------------------
239051 12.11.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 315102
Anzahl Zeichen: 8240
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 368 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: HOMAG Group reports a good order situation"
steht unter der journalistisch-redaktionellen Verantwortung von
Homag Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
