DGAP-News: Homag Group AG / Key word(s): Half Year Results
HOMAG Group reports highest order backlog since the end of 2008
14.08.2013 / 07:04
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HOMAG Group reports highest order backlog since the end of 2008
- Sales revenue increases by 3.7 percent in the second quarter of 2013
- Net profit for the period improved significantly
- Forecasts for 2013 confirmed
<pre>
EUR million Q2 2013 Q2 2012
Order intake 148.6 156.6
Order backlog 249.1 223.6
Sales revenue 195.3 188.3
Operative EBITDA 13.7 14.2
EBT 3.8 1.6
Net profit for the period (after 2.2 -0.2
non-controlling interests)
</pre>
Schopfloch, August 14, 2013. The HOMAG Group, the world's leading
manufacturer of plant and machinery for the woodworking industry and
cabinet makers, has reached, with the order backlog of EUR 249.1 million as
of June 30, 2013 (prior year: EUR 223.6 million), the highest figure since
the end of 2008. Among other factors, this is due to the strong project
business with longer processing times in production. CEO Dr. Markus Flik is
satisfied: 'This high order backlog reflects our good order intake in the
first half of the year and gives us a sound basis for the second half of
the year.' Based on the current more modest propensity to invest, which is
affecting the field of mechanical engineering as a whole, order intake
decreased to EUR 148.6 million in the second quarter of 2013 (prior year:
EUR 156.6 million). By contrast, sales revenue at the HOMAG Group rose by
3.7 percent between April and June 2013 to EUR 195.3 million (prior year:
EUR 188.3 million).
Operative EBITDA before employee profit participation expenses and before
extraordinary expenses decreased to EUR 13.7 million (prior year: EUR 14.2
million), although the ratios of personnel expenses and cost of materials
to total operating performance were both down. CFO Hans-Dieter Schumacher
explains this with the increase in other operating expenses of EUR 4.4
million. 'Above all, this amount relates to trade fair costs for LIGNA,
which is only held every second year.' Based on the significantly improved
financial result and lower employee profit participation expenses, EBT
after employee profit participation expenses and after extraordinary
expenses improved to EUR 3.8 million (prior year: EUR 1.6 million). A
further decrease in the tax expense ratio results in net profit for the
period after non-controlling interests of EUR 2.2 million (prior year: EUR
-0.2 million), and leads to earnings per share of EUR 0.14 (prior year: EUR
-0.01).
The Group's headcount decreased slightly to 5,019 as of June 30, 2013
compared to the prior year (5,038 employees).
LIGNA
At LIGNA, the world's leading trade fair for the woodworking industry,
which was held in May in Hanover, the HOMAG Group was again the largest
single exhibitor. Dr. Flik is very pleased with the results: 'We were able
to inspire customers with our innovations. Especially with our new
operating and control systems powerTouch/powerControl, we have taken the
lead in networked production in our industry.' In addition, LIGNA yielded
high-quality customer contacts and the HOMAG Group won a large number of
orders. These will not appear in order intake until the third quarter.
First six months of 2013
At EUR 330.9 million, the HOMAG Group's order intake improved slightly in
the first half of 2013 contrary to the trend in the industry (prior year:
EUR 327.2 million). Sales revenue decreased slightly to EUR 372.0 million
(prior year: EUR 376.0 million). Operative EBITDA before employee profit
participation expenses and before extraordinary expenses decreased to EUR
27.1 million (prior year: EUR 30.9 million). EBT after employee profit
participation expenses and after extraordinary expenses decreased to EUR
7.4 million (prior year: EUR 8.3 million). As a result of the improved tax
rate, net profit for the period after non-controlling interests rose to EUR
4.1 million (prior year: EUR 3.0 million), leading to earnings per share of
EUR 0.26 (prior year: EUR 0.19).
Outlook
The management board confirms its forecasts so far for 2013. Subject to the
condition that there are no major disruptions in the global economy, 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 profit 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.
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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225507 14.08.2013
DGAP-News: HOMAG Group reports highest order backlog since the end of 2008
| Source: EQS Group AG