Author: Möbelfertigung

Following the record order intake in the opening quarter, the strong demand at the Homag Group continued in the second quarter. The company also achieved significant growth in sales and earnings in the first half of 2022.

In the first six months of 2022, the Homag Group’s order intake increased by 18 percent compared to the already very high previous year’s figure to EUR 1,031 million (previous year: EUR 872 million). “This is the first time we exceeded the EUR 1 billion mark in a half-year,” emphasizes CEO Dr. Daniel Schmitt. “We were successful both in the single machine business and in the systems business with complete production lines as well as with our service portfolio. In terms of regions, North America in particular developed very strongly. Demand was particularly high for systems for the production of components for sustainable timber houses there.” As a result of the high order intake, the order backlog rose to EUR 1,269 million as of June 30, 2022 (June 30, 2021: EUR 839 million).

Sales increased for the sixth consecutive quarter, improving by 21 percent to EUR 782 million in the first half of 2022 (previous year: EUR 647 million). As reasons for the increase in sales, Dr. Daniel Schmitt cites “efficient capacity utilization, improved adjustment to material shortages as well as positive exchange rate effects and a temporarily higher share of merchandise with no added value of its own in a major US order.”

The HOMAG Group was able to increase its EBIT before extraordinary effects by 45 percent to EUR 58.6 million (previous year: EUR 40.3 million), even though the supply chain problems continued to lead to additional expenses and the share of sales revenue generated by lower-margin merchandise was above average. High capacity utilization, the growing service business and the efficiency improvements of previous years had a positive impact on earnings.

As of June 30, 2022, the number of employees in the company had increased to 7,333 (June 30, 2021: 6,800). The Homag Group has built up its workforce particularly in the strategically important areas of service and timber construction.

With the “Holz-Handwerk” exhibition in Nuremberg in July, a major trade fair was held as an in-person event for the first time since the coronavirus pandemic. Dr. Daniel Schmitt comes to a positive conclusion: “We succeeded in having many good discussions with customers at the exhibition. Our innovations met with great approval and we observed great interest in our solutions in the areas of digitalization and automation. We therefore maintain an optimistic outlook for the remainder of the year.”

The Supervisory Board of Homag Group AG has extended the appointment of CFO Rainer Gausepohl until February 28, 2026. The 50-year-old has been part of the company’s three-strong Board of Management since February 2020. Originally due to terminate on February 28, 2023, his contract has now been extended, well in advance, by a further three years.

Gerhard Federer, Chairman of the Homag Group AG Supervisory Board says: “Rainer Gausepohl is an experienced financial expert, who has excellent knowledge of the mechanical engineering business and stands for a structured management style with long-term focus. Since joining Homag, he has played a key role in shaping the company’s commercial processes, the organization, and the IT landscape, thus enabling significant efficiency gains. His contract extension is an important signal that Homag’s sales growth continues to be accompanied by a continuous optimization of the company’s structures and processes.”

Rainer Gausepohl forms the Homag Group AG Board of Management together with CEO Dr. Daniel Schmitt and Dr. Sergej Schwarz. Prior to joining Homag’s Board of Management, he was Commercial Director at the Application Technology division of Homag’s parent group, Dürr.