DGAP-News: HOMAG Group crosses the 100 million euro threshold for project order intake
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): Miscellaneous
HOMAG Group crosses the 100 million euro threshold for project order
intake
26.05.2011 / 14:59
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Customers favor end-to-end solutions from the market leader
Schopfloch, May 26, 2011. In the first five months of 2011, much earlier
than in 2010, the HOMAG Group already exceeded the 100 million euro
threshold for the order intake in the project business with its own
products. Following a 13 percent increase to EUR 187.8 million in total
order intake in the first quarter of 2011 compared to the prior-year
quarter, the persistently high demand in the project business underlines
the positive performance of the HOMAG Group. With orders received from
renowned German, European and Asian customers, the supplier with the
highest sales revenue for wood processing production lines further
extended its global market leadership.
The order volume of the current year covers the entire spectrum of the
furniture industry from series production to batch-size 1 lines. Other
plants for door panel production as well as tenoner lines for laminate and
parquet flooring are likewise part of this high order intake.
Project planning for complete cells and plants is carried out by HOMAG
Group Engineering, our specialists with a high degree of system and plant
expertise. The extensive industry know-how of the HOMAG Group is based on
the expertise of all the group companies, allowing the group to offer
tailored and yet at the same time highly flexible solutions and concepts
for the entire furniture and componentry industry.
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Background information
With its 16 specialized production companies worldwide, 21 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plants and machinery for the
woodworking and wood materials industry for the production of furniture and
construction elements as well as timber frame houses. The group also offers
its customers a wide range of services in related areas for production
machines and equipment. HOMAG Group AG shares have been trading on the
Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were
listed on the SDAX of the German Stock Exchange on October 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 press release,
it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller(at)homag-group.com
www.homag-group.com
End of Corporate News
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26.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.de
Internet: www.homag-group.de
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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126244 26.05.2011
Datum: 26.05.2011 - 14:59 Uhr
Sprache: Deutsch
News-ID 34230
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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