DGAP-News: HOMAG Group generates record sales revenue in 2014


DGAP-News: Homag Group AG / Key word(s): Preliminary Results
HOMAG Group generates record sales revenue in 2014

03.03.2015 / 08:01

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HOMAG Group generates record sales revenue in 2014

- Strong increase in order intake and order backlog
- Improvement in operative earnings indicators
- Substantial reduction in net liabilities to banks

<pre>
EUR million                                            2014           2013
Order intake*                                         802.6          734.3
Order backlog*                                        307.3          207.6
Sales revenue                                         914.8          788.8
Operative EBITDA**                                     93.2           75.8
Net profit (after non-controlling interests)           18.9           18.4
Net liabilities to banks                               28.5           69.2
Headcount as of December 31                           5,606          5,064
</pre>
*New calculation method: Order intake and order backlog now contain own
 machines, merchandise of production companies and the after-sales segment
**Earnings before interest, taxes, depreciation and amortization as well as
  before employee profit participation and before extraordinary expenses


Schopfloch, March 3, 2015. HOMAG Group AG, the world's leading manufacturer
of plant and machinery for the woodworking industry and cabinet makers, was
able to substantially increase sales revenue and order intake, and further
improve its operative earnings indicators in fiscal year 2014. A member of
the Dürr Group, the company's sales revenue increased by about 16 percent
to EUR 914.8 million (prior year: EUR 788.8 million) based on preliminary
figures. Somewhat more than half of the growth is attributable to the US
sales and service company Stiles Machinery, Inc., which the HOMAG Group had
acquired at the beginning of 2014. Order intake, which is not affected by
the Stiles acquisition, climbed 9.3 percent to EUR 802.6 million (prior
year: EUR 734.3 million). At EUR 307.3 million as of December 31, 2014, the
Group closed the year with a record order backlog (prior year: EUR 207.6
million).

"We have resolutely remained on our course for growth in 2014 and gained
additional market shares," CEO Ralph Heuwing emphasizes. "We were also able
to significantly improve our operative results of operations, although we
continue to see potential here that can be captured in the years ahead."

Outpacing sales revenue growth, operative EBITDA before employee
participation expenses and before extraordinary expenses of the HOMAG Group
rose 23.0 percent to EUR 93.2 million (prior year: EUR 75.8 million). Net
profit after non-controlling interests increased slightly to EUR 18.9
million (prior year: EUR 18.4 million). Net profit was burdened by some
special effects, mainly attributable to the Stiles acquisition.

"Our positive business development and our good operative results of
operations in fiscal year 2014 are reflected in the substantial reduction
in net liabilities to banks", CFO Hans-Dieter Schumacher emphasizes. This
had decreased as of December 31, 2014 by about 59 percent to EUR 28.5
million (prior year: EUR 69.2 million), despite the cash outflow for the
Stiles acquisition, increased investment and the larger dividends
distributed.

As of December 31, 2014, the HOMAG Group's headcount rose to 5,606
employees (prior year: 5,064 employees). This includes 329 employees from
the acquired Stiles Machinery, Inc. Apart from this, the build-up in
headcount is mainly attributable to the foreign production facilities in
Poland and China.

The detailed results of the fiscal year 2014 of the HOMAG Group together
with an updated forecast for 2015 will be published on March 31, 2015.

- - - - - - - - - - - -

Background information
With its 15 specialized production companies, 23 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 5,600 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. Since October 2014 HOMAG Group
AG is a member of the Dürr Group.

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
kai.knitter@homag-group.com 
www.homag-group.com 



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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:      Regulated Market in Frankfurt (Prime Standard); Regulated   
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
             Munich, Stuttgart                                           
 
 
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