Homag Group AG / Miscellaneous
09.11.2009
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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- Incoming orders above expectation for Q3 2009
- In-house exhibitions return positive feedback
Schopfloch, 9 November 2009. HOMAG Group AG registered incoming orders
exceeding expectation during the third quarter of 2009, representing a 43
percent and 6 percent increase over the first and second quarters of 2009
respectively. These results were announced today by the Board of HOMAG
Group AG as part of its presentation at the German Equity Forum in
Frankfurt.
'In fact the third quarter has traditionally always been one of the weakest
three-month periods, so we are particularly gratified that we have now
witnessed the strongest quarter this year to date. Although we are clearly
moving at a level significantly below the pre-crisis period, this confirms
our assumption that the downward trend has bottomed out', comments HOMAG
Group AG Board Spokesman Rolf Knoll in optimistic mode. Orders in hand for
the SDAX-listed world market leader in the manufacture of machines and
plants for the woodworking industry increased as at September 30, 2009 by 7
percent compared to the key date in Q2 2009 (161 million Euro).
The positive outcome of the in-house exhibitions staged by the Group
companies in September had already provided pointers towards a
consolidation of the order situation. 'Orders received at the in-house
exhibitions were actually up on those of the previous year, providing
another indicator of a tangible trend towards recovery. Even through
difficult times, our customers are clearly placing their reliance on our
innovative products. In conjunction with our service packages, these
provide the guarantee of economy in the long term and also enhanced
quality. Particularly orders for plants and machines used in furniture
manufacture have picked up significantly', was Rolf Knoll's comment on the
success of the in-house exhibitions.
'The upbeat trend in evidence at the lead trade fair Ligna back in May has
followed through to our in-house exhibitions', says Board Spokesman Rolf
Knoll. The improved order situation will lead to a modest increase in
capacity utilization for individual companies of the Group in the fourth
quarter.
Schopfloch, November 9, 2009
The Board of Management
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 plant and machinery for the woodworking
industry for the production of furniture and construction elements as well
as prefabricated 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.
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 press release,
it cannot be guaranteed that the same will hold true in the future.
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller@homag-group.com
www.homag-group.com
09.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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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@homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: Homag Group AG: Incoming orders on the way up
| Source: EQS Group AG