In the 1Q 2022, the Homag Group’s order intake increased by 30% to Euro 574 million (previous year: Euro 440 million), thus reaching a new quarterly record. Sales improved by 21% to Euro 367 million, while the order backlog reached a new record of Euro 1,213 million as March 31, 2022. The Homag Group almost doubled its EBIT before extraordinary effects to Euro 26.8 million, compared to Euro 13.5 million in 1Q 2021.

“Once again, we exceeded the previous year’s high order intake and achieved a new quarterly record,” emphasizes CEO Dr. Daniel Schmitt. “Our single machine business performed very well. We were particularly successful in the Chinese and North American markets.”

“A forecast for the rest of the year is not easy given the many economic and geopolitical uncertainties,” says Dr. Daniel Schmitt. “Nevertheless, we are confident that we can continue to improve sales and earnings in view of our high order backlog and the good first quarter, which testifies to customers’ high investment requirements. The high material prices and the recent pandemic-induced lockdowns in China are posing challenges, although we are able to address them successfully.”

The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops.