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  • Dürr and HOMAG prepare domination and potential profit and loss transfer agreement
    HOMAG Group AG The HOMAG Group is the world s leading manufacturer of machinery and equipment for the woodworking industry and cabinet makers Among other things Warth Klein Grant Thornton will assess the appropriateness of the planned cash compensation offer as well as the planned guarantee dividend or compensation payment provided for external shareholders of HOMAG Group AG The basis for these amounts will be a valuation appraisal of the HOMAG Group s enterprise value This appraisal was commissioned by Dürr and the HOMAG Group and is currently being prepared The domination agreement and possibly the profit and loss transfer agreement are to be presented for approval at the annual general meeting of HOMAG Group AG in the spring of 2015 In the process Dürr can rely on a total of 77 9 of the voting rights as the company has joined the share pool of the Schuler Klessmann group of shareholders by contributing 3 of its shares This group of shareholders comprises the HOMAG founding family headed by Gerhard Schuler and the Klessmann foundation the group itself has a 22 1 share of the voting rights The group of shareholders has committed itself to entering into a domination agreement with Dürr and possibly into a profit and loss transfer agreement The share pool accounts for a total of 25 1 of the share capital Disclaimer This press release contains certain statements relating to the future Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as believes estimates assumes forecasts intend may will should or similar expressions Such future oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company which may not occur

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/beav_en.aspx (2016-04-30)
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  • HOMAG Group raises order intake, sales revenue and earnings
    attributes the high order intake among other things to the global positioning of the HOMAG Group We were able to more than compensate for the noticeable lull on the Russian market thanks to the good development in the US and China and as a result grow significantly in an overall challenging market environment According to CFO Hans Dieter Schumacher the Stiles acquisition slightly burdened earnings again in the third quarter of 2014 Nevertheless the HOMAG Group was able to further improve its results of operations between July and September 2014 Operative EBITDA before employee profit participation expenses and before extraordinary expenses increased by just under 15 percent to EUR 28 2 million prior year EUR 24 5 million The net profit for the period after non controlling interests increased to EUR 8 8 million prior year EUR 6 6 million This results in earnings per share of EUR 0 56 prior year EUR 0 42 The HOMAG Group s headcount increased to 5 553 employees as of September 30 2014 prior year 5 062 employees The significant increase is above all due to the Stiles acquisition where 321 people were employed at the end of the quarter In addition the company increased the headcount at its foreign production companies in China and Poland First to third quarters of 2014 The HOMAG Group s order intake increased by 13 percent to EUR 647 0 million in the first nine months of 2014 according to the new calculation method prior year restated EUR 572 4 million Sales revenue rose by more than 15 percent to EUR 661 9 million prior year EUR 574 9 million Approximately EUR 42 million of this amount stems from the Stiles acquisition Operative EBITDA before employee profit participation expenses and before extraordinary expenses rose by 29 percent to EUR 66 4 million prior year EUR 51 5 million The net profit for the period after non controlling interests improved by more than 50 percent to EUR 16 2 million prior year EUR 10 7 million and leads to earnings per share of EUR 1 03 prior year EUR 0 68 Outlook Based on the positive development of business in the first nine months the management board of the HOMAG Group now expects to achieve order intake sales revenue and operative EBITDA for 2014 at the higher end of the forecast ranges described below or even exceed these slightly Order intake is expected in a range between EUR 760 million and EUR 780 million prior year restated EUR 734 million The acquisition of Stiles Machinery Inc will not lead to any increase in order intake based on the new method of calculation The Group s sales revenue is expected to reach between EUR 860 million and EUR 880 million About half of this sales revenue growth is expected to result from the Stiles acquisition Operative EBITDA before employee profit participation expenses and before extraordinary expenses is estimated to be between EUR 82 million and EUR 84 million in

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Q3_2014_Increased.aspx (2016-04-30)
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  • HOMAG Group AG: Change of CEO / Ad hoc announcement
    Dr Markus Flik is stepping down from the management board of his own volition and by mutual agreement with the company effective November 30 2014 A corresponding termination agreement was signed today At its meeting today the supervisory board also appointed Mr Ralph Heuwing CFO of Dürr AG as a new member of the management board of HOMAG Group AG with effect as of October 27 2014 Mr Heuwing will

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/CEO_Change.aspx (2016-04-30)
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  • Change of CEO and on the supervisory board of Homag Group AG
    company has a strong market position and impressive products HOMAG has great potential that we plan to exploit together with the HOMAG team Ralph Heuwing said Ralph Heuwing will continue his duties as CFO of Dürr AG at the same Ralf W Dieter CEO of HOMAG s majority shareholder Dürr and new chairman of HOMAG Group AG s supervisory board thanked Dr Markus Flik for his successful work over the past few years Dr Flik enhanced technology at HOMAG Group AG in the area of networked production as well as with a comprehensive platform strategy and the introduction of an innovative user interface power Touch He also put HOMAG Group AG on a sustainable path to growth and improved profitability As a result the share price of HOMAG Group AG developed very positively during his time as CEO We would like to thank Dr Flik for his successful work at HOMAG Group AG and regret his decision to leave the Group The supervisory board wishes him every sucess and all the best personally and for his future career Following the completion of Dürr s acquisition of the majority shareholding in HOMAG Group AG there have been corresponding changes on the shareholder side of HOMAG Group AG s supervisory board The supervisory board members to date Torsten Grede Hans Fahr Dr Horst Heidsieck Dr Dieter Japs and Thomas Keller have stepped down New to HOMAG Group AG s supervisory board are Ralf W Dieter Stuttgart CEO of Dürr AG Dr Hans Schumacher Schönaich CEO of Dürr Systems GmbH Richard Bauer Wentorf CEO of Körber AG Dr Anja Schuler Zurich medical specialist for psychiatry and psychotherapy FMH and Dr Jochen Berninghaus Herdecke lawyer auditor tax advisor law firm Spieker Jaeger All five new members were appointed by court ruling of October 13

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Change_CEO_Supervisory_Board.aspx (2016-04-30)
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  • Dürr acquires majority shareholding in the HOMAG Group
    in Germany and abroad Dürr has now acquired the majority shareholding in HOMAG Group AG effective as of October 10 2014 Dr Markus Flik CEO of HOMAG Group AG welcomes the acquisition Dürr s majority shareholding is a milestone in our development as a company we now belong to a high performance machine building and plant engineering group Both parties will benefit from the cooperation The voluntary public bid Dürr made to the other HOMAG shareholders that ended on October 7 2014 was accepted for 2 1 percent of the shares Furthermore Dürr joined the shareholder pool of the Schuler family and the Klessmann Foundation which itself holds 22 1 percent with 3 percent of its shares The shareholder pool will agree to the planned conclusion of a domination and profit and loss transfer agreement between Dürr and HOMAG Group AG Dürr has a total of 77 9 percent of the voting rights for the purpose of passing such resolutions at the annual general meeting of HOMAG Group AG The HOMAG Group will be fully consolidated in the Dürr Group as of October 1 2014 Disclaimer This press release contains certain statements relating to the future Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as believes estimates assumes forecasts intend may will should or similar expressions Such future oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company which may not occur in the future or may not occur in the anticipated form The Company points out that such future oriented statements do not guarantee the future actual results including the financial position and the profitability of the HOMAG Group as well

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/closing_en.aspx (2016-04-30)
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  • HOMAG Group continues on successful course with a strong second quarter of 2014
    to fully participate in the current positive development of the US market CEO Dr Markus Flik emphasizes Flik was also satisfied with the development of the second quarter in particular because we were able to further enhance our productivity which can be seen in considerable increases in margins For instance operative EBITDA before employee profit participation expenses and before extraordinary expenses was up 53 percent between April and June to EUR 20 9 million prior year EUR 13 7 million The HOMAG Group more than doubled its net profit for the period after non controlling interests to EUR 4 9 million prior year EUR 2 2 million This results in earnings per share of EUR 0 31 prior year EUR 0 14 CFO Hans Dieter Schumacher explains We achieved this significant improvement in earnings despite the fact that the Stiles acquisition still had a slight burdening effect on operative EBITDA in the second quarter As of June 30 2014 the HOMAG Group had 5 450 employees prior year 5 019 employees This increase is primarily attributable to the additional 324 employees from Stiles in the first quarter of 2014 The headcount also further increased in the US China and Poland First six months of 2014 The HOMAG Group s order intake improved by more than 12 percent to EUR 443 8 million in the first half of the year according to the new calculation method prior year EUR 395 5 million Sales revenue rose by almost 16 percent to EUR 430 5 million prior year EUR 372 0 million Approximately EUR 26 million of this amount stems from the Stiles acquisition Operative EBITDA before employee profit participation expenses and before extraordinary expenses rose by 41 percent to EUR 38 3 million prior year EUR 27 1 million The net profit for the period after non controlling interests improved by around 82 percent to EUR 7 4 million prior year EUR 4 1 million and leads to earnings per share of EUR 0 47 prior year EUR 0 26 Outlook Following a successful first half of 2014 the HOMAG Group confirms its forecasts to date for fiscal 2014 Under these forecasts the Group aims to further increase order intake to between EUR 760 million and EUR 780 million prior year restated EUR 734 million Group sales revenue is budgeted to increase to between EUR 860 million and EUR 880 million in 2014 prior year EUR 789 million About half of sales revenue growth is expected to result from the Stiles acquisition Operative EBITDA before employee profit participation expenses and before extraordinary expenses is expected to range between EUR 82 million and EUR 84 million in 2014 prior year EUR 76 million and the Group to return a net profit for the year ranging between EUR 20 million and EUR 22 million prior year EUR 18 million The HOMAG Group anticipates that the full consolidation of Stiles will have a slightly negative impact on these two earnings indicators in 2014 as the

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/strong_Q22014.aspx (2016-04-30)
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  • Ad hoc announcement according to Sec. 15
    the Schuler family and the Klessmann Foundation which up to now have held 25 1 of the shares in HOMAG Group AG under a shareholder pool agreement that Dürr will enter into the pool agreement with the acquired 3 HOMAG shareholding The shareholder pool will agree to the conclusion of a domination and profit and loss transfer agreement between Dürr AG and HOMAG Group AG which would make a total of 75 8 of the voting rights attributable to Dürr for the purposes of passing such resolutions in the annual general meeting of HOMAG Group AG According to Dürr AG s announcement it does not aim to achieve a squeeze out or a delisting of the HOMAG share The intention is for HOMAG Group AG to continue as an independent division within the Dürr Group Dürr announced that it intends to make the remaining shareholders of HOMAG Group AG a takeover offer pursuant to Sec 29 and Sec 34 of the WpÜG Wertpapiererwerbs und Übernahmegesetz Securities Acquisition and Takeover Act with a view to acquiring all the remaining shares The corresponding decision will be published today pursuant to Sec 10 WpÜG The price will be EUR 26 35 per HOMAG share The management board and supervisory board of HOMAG Group AG will state their position on the announced takeover offer and specifically on the consideration offered to the shareholders of HOMAG Group AG in such an offer in a separate communication once the offer documents are available Disclaimer This press release contains certain statements relating to the future Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as believes estimates assumes forecasts intend may will should or similar expressions Such future oriented statements are subject to

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Confirmation.aspx (2016-04-30)
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  • Dividend increased to EUR 0.35
    above 270 shareholders attended the annual general meeting representing 83 percent of the capital stock In his speech CEO Dr Markus Flik looked back on fiscal year 2013 in which the HOMAG Group improved all key indicators on 2012 and in some cases exceeded its forecasts Flik informed shareholders of the start to the current fiscal year with a successful first quarter of 2014 discussing in depth the acquisition of the US sales and service company Stiles in February He also confirmed all of the forecasts made to date for 2014 which project further growth of HOMAG Group s order intake sales revenue and earnings Another topic concerned the HOMAG Group s strategy for planned profitable growth Disclaimer This press release contains certain statements relating to the future Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as believes estimates assumes forecasts intend may will should or similar expressions Such future oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company which may not occur in the future or may not occur in

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/annual_general_meeting_2014.aspx (2016-04-30)
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