27.02.2014
Homag Group AG DE0005297204
DGAP-News: HOMAG Group increases net profit for the year by 45 percent
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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Background information
With its 15 specialized production companies, 22 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 Corporate Communications & Investor Relations
Phone: +49 7443 13-2461
[email protected]
www.homag-group.com
End of Corporate News
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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: [email protected]
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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