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  • Successful Operations in Fiscal 2011
    0 30 prior year EUR 0 43 As anticipated net liabilities to banks rose to EUR 80 9 million as of December 31 2011 after the extremely low level in the prior year December 31 2010 EUR 55 8 million At 29 0 percent as of December 31 2011 our equity ratio remains at virtually the prior year level 29 8 percent on account of the fall in total assets Due to the increased EBIT before employee participation expenses and before extraordinary expenses and the lower capital employed ROCE in 2011 improved further to 15 0 percent before taxes prior year 12 3 percent and after taxes calculated based on a tax rate of 30 percent for both years to 10 5 percent prior year 8 6 percent By rigorously raising the productivity of the capital employed we were able to reduce working capital despite the increase in sales revenue which allowed an increase in ROCE CFO Hans Dieter Schumacher explains As of December 31 2011 the HOMAG Group had 5 141 employees prior year 5 051 employees To prepare for the future growth investments were increased This item came to EUR 33 8 million in 2011 without leases prior year EUR 23 0 million The focus was on expanding the production in China the new assembly plant in India and modernizing plant and machinery in the German production sites On account of the net loss incurred in the fiscal year 2011 both the management board and supervisory board of HOMAG Group AG will propose to the annual general meeting on May 24 2012 not to distribute a dividend for 2011 Changes in the management board The management board member in charge of production and materials management to date Herbert Högemann will focus on his role as managing director for these functions at HOMAG Holzbearbeitungssysteme GmbH and step down from the Group management board as of September 30 2012 He will be succeeded by Harald Becker Ehmck 43 who was appointed by the supervisory board at its meeting of March 22 2012 as management board member in charge of production materials management and affiliates effective July 1 2012 Becker Ehmck studied mechanical engineering and has many years of experience managing manufacturing facilities and international production networks in the automotive supplies industry including positions at the Dräxlmaier Group Vilsbiburg and Behr GmbH Co KG Stuttgart With Mr Becker Ehmck we were able to attract a proven expert for production processes as a new colleague who will drive forward the further development of our global value added network explained Dr Markus Flik CEO of the HOMAG Group AG We look forward to working closely with Mr Högemann also in his future position The management board member in charge of research and development to date Achim Gauß decided not to extend his contract which expires at the end of 2012 in order to seek new professional challenges outside the HOMAG Group The management board members Dr Markus Flik and Jürgen Köppel will assume

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/BPK_press_release_2012.aspx (2016-04-30)
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  • HOMAG Group and Works Councils Reach Agreement on the Restructuring of BÜTFERING and TORWEGGE
    production locations in Germany from eleven to eight Hannelore Knowles chairwoman of the Group s works council is also satisfied with the achieved result Under the given circumstances our top priority was to ensure that as many employees as possible keep their jobs For the remaining employees we wanted to achieve the most socially acceptable transition We succeeded in doing this with the agreements that have been reached The company BÜTFERING Schleiftechnik GmbH Beckum is to be linked to WEEKE Bohrsysteme GmbH Herzebrock Clarholz another subsidiary of the HOMAG Group as planned The objective of this affiliation is to improve the competitiveness of the wood sanding machine business by a maximum use of synergies in all areas The traditional brand BÜTFERING will be maintained WEEKE will take on 62 employees of BÜTFERING thus retaining the majority of the workforce With the intended sale of the metalgrinding business the buyer is to take over another 17 employees The agreement concluded provides for the remaining 18 employees to join a transfer company The restructuring measures at TORWEGGE will affect the remaining 73 of the initial 90 employees all of whom will be also entitled to join a transfer company The restructuring of TORWEGGE is proceeding according to plan and will be concluded within 2012 As it is turning out we will be able to realize the planned reduction of about 180 positions with significantly fewer layoffs than initially expected says CFO and board member for human resources Hans Dieter Schumacher Once the restructuring has been completed it is expected that the HOMAG Group will generate a sustainable improvement in operative EBITDA before expenses from employee participation and before extraordinary expenses ranging between EUR 6 and 8 million each year from 2013 onwards Disclaimer This press release contains certain statements relating to the

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Group_and_works_councils_reach_agreement.aspx (2016-04-30)
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  • HOMAG Group’s operations in 2011 a success
    the Group increased by about 6 percent reaching EUR 574 8 million prior year EUR 541 0 million Sales revenue rose by just over 11 percent to EUR 798 7 million prior year EUR 717 7 million The increased productivity is reflected in the operative EBITDA before employee participation expenses and before extraordinary expenses which rose by just over 8 percent to EUR 70 5 million prior year EUR 65 1 million in the HOMAG Group based on the preliminary figures for 2011 In the fiscal year 2011 restructuring expenses of EUR 18 9 million were incurred owing to the measures taken at the subsidiaries BÜTFERING FRIZ and TORWEGGE In the course of this restructuring which is progressing as planned the production locations in Germany are to be reduced from eleven to eight We are confident that this will make the HOMAG Group more competitive and that we have thus laid the foundation for a successful future says Dr Flik The restructuring combined with other factors leads to an extraordinarily high tax expense rate of 151 7 percent prior year 43 9 percent This results in a net loss after non controlling interests of EUR 4 7 million prior year net profit of EUR 6 7 million The results of the fiscal year 2011 of HOMAG Group AG will be published in greater detail and a forecast for 2012 presented at the press briefing on the annual results scheduled for March 30 2012 in Stuttgart 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

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Prelim_FY2011.aspx (2016-04-30)
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  • HOMAG Group improves results of operations in third quarter of 2011
    from restructuring measures This increased in the third quarter of 2011 by 25 percent to EUR 17 1 million prior year EUR 13 7 million The employee participation expenses for the third quarter of 2011 came to EUR 1 6 million prior year EUR 1 2 million while extraordinary expenses stood at EUR 0 4 million prior year EUR 0 8 million EBT after employee participation expenses and after extraordinary expenses improved to EUR 6 0 million prior year EUR 1 3 million The net profit for the period after non controlling interests came to EUR 2 7 million prior year EUR 0 3 million and leads to earnings per share of EUR 0 17 prior year EUR 0 02 The HOMAG Group s headcount as of September 30 2011 increased to 5 147 employees prior year 5 040 employees Most of the new jobs were created in the foreign production and sales companies operating in growth markets First to third quarters of 2011 In the first nine months of 2011 the Group s sales revenue increased by 12 percent to EUR 578 9 million prior year EUR 517 1 million while order intake was up 7 percent to EUR 468 1 million prior year EUR 436 1 million Sales revenue to date contains EUR 25 0 million from a large scale project with the Russian customer Mekran which has a total contract volume of about EUR 58 million The good results of the third quarter led to improved earnings KPIs between January and September 2011 For instance operative EBITDA before employee participation expenses and before extraordinary expenses climbed to EUR 45 7 million prior year EUR 41 4 million After employee participation expenses and after extraordinary expenses EBT increased to EUR 11 0 million prior year EUR 7 5 million The net profit for the period after non controlling interests improved to EUR 4 3 million prior year EUR 3 1 million leading to earnings per share of EUR 0 27 prior year EUR 0 20 Outlook Subject to the condition that the economic prospects do not become even more gloomy the management board of the HOMAG Group confirmed its forecast for the full year 2011 The management board therefore still expects at least a mid single digit percentage increase in sales revenue coupled with slight growth in order intake Operative EBITDA is expected to remain at the prior year level EUR 65 1 million As the Company had already announced in October 2011 it expects to incur a slight net loss for the year This is due to the extraordinary expenses for the planned expansion of restructuring measures totaling about EUR 20 million Most of this figure will affect earnings in the fourth quarter of 2011 According to CEO Flik the outlook for 2012 is still dominated by substantial uncertainty at present The prospects for the global economy have dimmed and our customers have become somewhat more cautious At the same time we are still seeing promising enquiries

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/pr_q3_2011.aspx (2016-04-30)
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  • The HOMAG Group plans to expand restructuring measures and expects to improve earnings in the medium term as a result
    works councils we are looking to find the best possible solutions for the employees concerned With this logical step we are maneuvering the HOMAG Group into a sustainable position improving our competitiveness and strengthening our earning power Once the full restructuring program is completed the management board expects to generate a sustained improvement in operative EBITDA before expenses from employee participation and before extraordinary expenses ranging between EUR 6 million and EUR 8 million each year from 2013 onwards Backed by this long term improvement in earnings the HOMAG Group will be able to make further investments in growth through innovation and expansion into new markets The newly developed products of BÜTFERING Schleiftechnik GmbH have proven successful on the market and thereby lend a solid foundation to the HOMAG Group s continued expansion strategy in the field of surfacing technology The strategically important product segments of the companies FRIZ and TORWEGGE are to be expanded at HOMAG Holzbearbeitungssysteme GmbH in the future Flik explains the machines and production lines that FRIZ and TORWEGGE have been manufacturing until now are subject to massive fluctuations in demand which means that it is only possible to produce them viably within a larger portfolio of products The overarching aim of our future group structure is to further improve the efficiency of our development and production by concentrating our operations at fewer sites a move that will allow us to safeguard jobs and the Group s future in general Owing to the expansion of restructuring measures the HOMAG Group s extraordinary expenses are now expected to total about EUR 20 million in 2011 Of these about EUR 16 million will affect liquidity The largest part of this amount shall be effective 2012 In light of this and the anticipated very high effective tax rate the

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/HOMAG_plans_to_expand_restructuring.aspx (2016-04-30)
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  • The HOMAG Group plans to expand restructuring measures and expects to improve earnings in the medium term as a result
    at the subsidiary TORW EGGE Holzbearbeitungsmaschinen GmbH and the service branch of WEEKE Bohrsysteme GmbH located there The restructuring of BÜTFERING Schleiftechnik GmbH Beckum which is to be linked to WEEKE Bohrsysteme GmbH is progressing as planned About 180 jobs are expected to be lost as a result of all these measures The restructuring measures are scheduled for completion by the end of 2012 The objective of these measures is to generate a sustained improvement in operative EBITDA before expenses from employee participation and before extraordinary expenses ranging between EUR 6 million and EUR 8 million each year from 2013 onwards Owing to the expansion of restructuring measures the HOMAG Group s extraordinary expenses are now expected to total about EUR 20 million in 2011 Of these about EUR 16 million will affect liquidity The largest part of this amount shall be effective 2012 In light of this and the anticipated very high effective tax rate the HOMAG Group expects to incur a small loss after taxes for 2011 By contrast the forecast operative EBITDA remains unchanged and is still expected to match the prior year level in 2011 EUR 65 1 million 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

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/expanded_restructuring_measures.aspx (2016-04-30)
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  • Investors' Newsletter 2/2011
    09 2011 Investors Newsletter 2 2011 Please click here to view our Investors Newsletter 2 2011 Download Investors Newsletter 2 2011 Contact HOMAG Group AG Homagstrasse 3 5 72296 Schopfloch Germany Tel 49 7443 13 0 Fax 49 7443 13

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Investors_Newsletter_2_2011.aspx (2016-04-30)
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  • HOMAG Group adjusts projected results downward
    level as the prior year EUR 65 1 million and a net profit below the prior year level owing to the higher tax rate that is anticipated For 2011 the HOMAG Group had until now forecast an increase in EBITDA and intended to significantly raise its net profit According to the preliminary figures EBITDA before extraordinary restructuring expenses and before employee participation expenses came to EUR 14 0 million in the second quarter of 2011 prior year EUR 15 0 million Particularly the special effects of the restructuring of the subsidiary BÜTFERING increased the effective tax rate in the second quarter of 2011 to 96 percent prior year 36 percent placing an additional burden on the preliminary quarterly result which stands at EUR 0 0 million after non controlling interests prior year EUR 1 6 million The Group s sales revenue and order intake continue to show the same positive trends as before Here the HOMAG Group was able to hit its targets and based on preliminary figures increase its sales revenue by some 10 percent to EUR 198 7 million in the second quarter of 2011 prior year EUR 181 1 million Order intake rose by about 12 percent reaching EUR 151 3 million prior year EUR 134 5 million The current sales revenue and order intake projections for 2011 are confirmed This would still result in a mid single digit percentage increase in sales revenue on the 2010 level and slight growth in order intake 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/HOMAG_Group_asjusts_projected_results_downward.aspx (2016-04-30)
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