DGAP-News: Homag Group AG / Key word(s): Final Results
Following a strong 2014, the HOMAG Group to become significantly more
profitable in 2015
31.03.2015 / 08:01
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Following a strong 2014, the HOMAG Group to become significantly more
profitable in 2015
- Dividend increase to EUR 0.40 for 2014 planned
- Preliminary figures for fiscal 2014 confirmed
- Net profit for the year 2015 to increase by around 70 percent
<pre>
in 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 for the year (after non-controlling interests) 18.9 18.4
Net liabilities to banks 28.5 69.2
Employees 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 after sales (prior year
restated)
** Earnings before interest, taxes, depreciation and amortization as well
as before employee profit participation and before extraordinary expenses
Schopfloch, March 31, 2015. HOMAG Group AG, the world's leading
manufacturer of plant and machinery for the woodworking industry and
cabinet makers, aims to grow further and in particular significantly raise
net profit for the fiscal year 2015. According to the recently published
forecast, the company belonging to the Dürr Group anticipates an increase
in net profit for the year of around 70 percent to between EUR 31 million
and EUR 33 million (prior year: EUR 18.9 million). CEO Ralph Heuwing
explains the significant increase forecast: "In the current fiscal year we
aim to further enhance operative earning power. Furthermore, we anticipate
considerably lower extraordinary expenses, as, among other things, the
negative effects arising from the Stiles acquisition, have for the most
part been accounted for in the 2014 result."
The HOMAG Group expects to increase order intake to between EUR 830 million
and EUR 850 million (prior year: EUR 802.6 million) and sales revenue to
between EUR 950 million and EUR 970 million (prior year: EUR 914.8
million). Operative EBITDA before employee profit participation expenses
and before extraordinary expenses is expected to increase to between EUR 95
million and EUR 97 million (prior year: EUR 93.2 million). In these
forecasts, the management board does not expect the economic environment to
deteriorate significantly.
The HOMAG Group also announced the planned dividends for fiscal 2014.
According to the announcement, the management board and the supervisory
board will propose an increase in the dividend from EUR 0.35 to EUR 0.40
per share to the annual general meeting on May 8, 2015.
Fiscal year 2014
The Group also confirmed the previously published provisional figures for
fiscal 2014. The HOMAG Group was able to increase its sales revenue by
around 16 percent to EUR 914.8 million (prior year: EUR 788.8 million).
Just over half of this growth stems from the US sales and service company
Stiles Machinery, Inc., which was taken over by the HOMAG Group at the
beginning of 2014. Order intake, which was not affected by the acquisition
of Stiles as it does not include the merchandise of the sales companies or
their margins, rose by 9.3 percent to EUR 802.6 million (prior year: EUR
734.3 million). The Group's order backlog reached a record year-end high of
EUR 307.3 million as of December 31, 2014 (prior year: EUR 207.6 million).
Outpacing sales revenue growth, operative EBITDA before employee profit
participation expenses and before extraordinary expenses of the HOMAG Group
was up 23.0 percent to EUR 93.2 million (prior year: EUR 75.8 million). The
net profit after non-controlling interests rose slightly to EUR 18.9
million (prior year: EUR 18.4 million). This was due to some negative
special effects, which were above all attributable to the acquisition of
Stiles. Net liabilities to banks were reduced by around 59 percent to EUR
28.5 million as of December 31, 2014 (prior year: EUR 69.2 million).
The HOMAG Group's headcount increased to 5,606 employees as of December 31,
2014 (prior year: 5,064 employees). This includes 329 employees from Stiles
Machinery Inc., which was taken over in the fiscal year. The main increases
in headcount were seen at the foreign production companies in Poland and
China.
Ralph Heuwing draws a positive conclusion regarding fiscal 2014: "We have
stayed firmly on our course for profitable growth, capturing additional
market shares and further improving our operating result. We therefore are
ideally positioned to get even better in the future."
- - - - - - - - - -
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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31.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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
End of News DGAP News-Service
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337907 31.03.2015
DGAP-News: Following a strong 2014, the HOMAG Group to become significantly more profitable in 2015
| Source: EQS Group AG