Homag accounts for Highest Order Backlog since 2008

Published on : Tuesday, August 27, 2013

homagThe HOMAG Group 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).


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