Pictured: CEO Dr. Daniel Schmitt
In the first quarter of 2025, the HOMAG Group’s order intake and sales were at approximately the same level as last year. Earnings improved thanks to cost reductions and a robust service business. There are still no signs of a market recovery at present, the company reports.
The HOMAG Group’s order intake increased by four percent to EUR 391 million in the first three months of 2025 (previous year: EUR 377 million). “We recorded a slight upward trend in orders for individual machines,” explains CEO Dr. Daniel Schmitt. “However, the market situation remains challenging and we do not yet see a significant recovery.” The order backlog had decreased to EUR 814 million as of March 31, 2025 (March 31, 2024: EUR 871 million).
Sales decreased slightly compared to the previous year to EUR 335 million (previous year: EUR 347 million). EBIT before extraordinary effects increased by 25 percent to EUR 13.5 million (previous year: EUR 10.8 million). In addition to the cost savings resulting from the staff reductions completed in the previous year, the favorable development of the service business also had a positive impact in this regard. The number of employees was reduced to 6,665 as of March 31, 2025 (March 31, 2024: 7,097 employees).
Dr. Schmitt is optimistic about the world’s leading industry trade fair, LIGNA, which will be held in Hanover at the end of May: “At LIGNA, we will present our comprehensive portfolio, which is unique in the market, and underline our position as market and technology leader.”
