Homag Group AG
Following a strong 2014, the HOMAG Group to become significantly more profitable in 2015
Homag Group AG / Key word(s): Final Results Following a strong 2014, the HOMAG Group to become significantly more profitable in 2015
** 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 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 Disclaimer Information: HOMAG Group AG 2015-03-31 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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 |
337907 2015-03-31 |