DGAP-News: Homag Group AG / Key word(s): Preliminary Results
HOMAG Group exceeds earnings forecasts
28.02.2013 / 07:02
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HOMAG Group exceeds earnings forecasts
- Profitability increased
- Net profit reached EUR 12.7 million
- Order intake in 2012 outperformed the relevant market
Schopfloch, February 28, 2013. HOMAG Group AG, the world's leading
manufacturer of plant and machinery for the woodworking industry and for
cabinet makers, fulfilled or exceeded its forecasts for the fiscal year
2012. At EUR 575.8 million, order intake was slightly above the prior-year
level (EUR 574.8 million) according to the preliminary figures. With sales
revenue of EUR 767.0 million (prior year: EUR 798.7 million), the HOMAG
Group exceeded its forecast of more than EUR 750 million. If the sales
revenue figures for 2011 and 2012 are each adjusted for the special effects
from the large-scale project for the customer Mekran (2011: EUR 49.4
million; 2012: EUR 10.0 million), sales revenue increased slightly by 1
percent in 2012.
'We achieved all of our goals in 2012 and outperformed the relevant market
in terms of order intake,' CEO Dr. Markus Flik emphasizes. 'We see the fact
that we were able to achieve such a good order intake, in spite of the
difficult conditions, as a clear vote of confidence from our customers in
our products and in our team's performance', Flik continues.
The Group's earnings situation developed better than forecast. Operative
EBITDA before employee 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. In the
past fiscal year, the HOMAG Group generated a significant net profit of EUR
12.7 million (prior year: net loss of EUR 4.7 million).
CFO Hans-Dieter Schumacher sees in the earnings figures proof that the
measures taken in the Group to increase efficiency are taking effect. 'We
have further improved our operating performance. The results confirm that
we are on the right track.'
The detailed results of the fiscal year 2012 of HOMAG Group AG and an
updated forecast for 2013 will be published at the press conference on the
annual results scheduled for March 28, 2013 in Stuttgart.
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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@homag-group.com
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: info@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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202471 28.02.2013
DGAP-News: HOMAG Group exceeds earnings forecasts
| Source: EQS Group AG