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  • HOMAG Group sets new orders record
    of Sales also anticipates excellent post trade fair business There was particularly great demand for offers coming from established European markets and from BRIC countries says Köppel We extended our welcome to visitors from a total of 90 countries to our two stands at the fair The group presented itself at the world s most important trade fair for the woodworking industry held in Hanover from May 30 to June 3 at two stands with a total of 7 500 square meters making it the largest exhibitor At the fair HOMAG Group demonstrated its core competency as a provider to the market of a complete product portfolio The focus was on the HOMAG Group InnovationCenter where a select audience of professionals was shown demonstrations of more than 26 units with numerous technical highlights new process technologies and patented innovations A total of just over 90 000 visitors attended the Ligna in Hanover more than half of which came from outside of Germany The audience of professionals attending this increasingly international trade fair not only included a large number of visitors from European markets but also from emerging markets which are gaining in importance 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/PI_Ligna_2011_07062011_EN.aspx (2016-04-30)
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  • HOMAG Group crosses the 100 million euro threshold for project order intake
    wood processing production lines further extended its global market leadership The order volume of the current year covers the entire spectrum of the furniture industry from series production to batch size 1 lines Other plants for door panel production as well as tenoner lines for laminate and parquet flooring are likewise part of this high order intake Project planning for complete cells and plants is carried out by HOMAG Group Engineering our specialists with a high degree of system and plant expertise The extensive industry know how of the HOMAG Group is based on the expertise of all the group companies allowing the group to offer tailored and yet at the same time highly flexible solutions and concepts for the entire furniture and componentry industry 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/project_order_intake_may_2011.aspx (2016-04-30)
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  • Homag to distribute dividend of EUR 0.30
    case Overall around 260 shareholders attended the annual general meeting in Freudenstadt representing 73 percent of capital stock In his speech CEO Rolf Knoll looked back at the successful fiscal year 2010 in which the HOMAG Group made a fast and sustainable recovery from the economic crisis He also reported on the good first quarter of 2011 and confirmed the forecasts to date for the current year which project further growth for the HOMAG Group and a significantly higher net profit compared to 2010 Rolf Knoll also reconfirmed the sales revenue target to match the pre crisis levels of 2007 and 2008 from 2013 onwards 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

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/homag_to_distribute_dividend_EUR_0.30.aspx (2016-04-30)
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  • HOMAG Group follows up on positive development
    2010 In the first quarter we were able to tap the opportunities afforded by the market and further strengthen our leading position Customers trust our outstanding system and plant competence as is demonstrated by a series of orders in the project business According to the CFO Hans Dieter Schumacher the results of operations have developed somewhat better than expected with increases across all of our key earnings indicators and a slight improvement in profitability in the first three months of 2011 Before the result from employee participation EUR 1 1 million prior year EUR 0 5 million EBITDA rose in the first three months of 2011 to EUR 14 2 million prior year EUR 12 4 million EBIT to EUR 6 9 million prior year EUR 5 2 million and EBT to EUR 4 5 million prior year EUR 3 3 million The net profit for the period after non controlling interests came to EUR 1 5 million prior year EUR 1 2 million and leads to earnings per share of EUR 0 10 prior year EUR 0 08 The number of employees in the HOMAG Group increased to 5 071 as of March 31 2011 compared to the 5 051 workers employed as of year end 2010 and the 4 956 employed as of March 31 2010 For the most part the increase reflected hiring activities at the foreign production companies in China and Poland and at the foreign sales companies HOMAG South America and HOMAG Asia Outlook In the second and third quarters of 2011 the HOMAG Group s management board anticipates sales revenue to rise compared to the first three months of the year based on the speed at which the order backlog rose again at the end of March The results of operations are likewise expected to improve further in the current quarter despite an extraordinary burden on earnings from the project to restructure the subsidiary BÜTFERING and the cost of participating in the Ligna trade fair Rolf Knoll looks forward to the industry s leading trade fair with optimism even though he anticipates that there might be some spending reluctance in the run up to it We are again able present to our customers numerous product innovations and enhancements and expect positive impulses especially in European markets which should be reflected in a healthy post trade fair business especially in the second half of 2011 After closing the first quarter the management board confirms all of the forecasts made to date for the full year 2011 Subject to the caveats that continue to apply as regards there being no major setbacks to global economic development the Group aims to generate at least a mid single digit percentage increase in sales revenue and also generate moderate growth in order intake compared to 2010 It also intends to significantly increase its net profit and operating result EBITDA before employee participation slightly more than the targeted sales revenue growth Moreover the management board has reiterated the objective it

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/homag_follows_up_on_positive_development.aspx (2016-04-30)
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  • HOMAG Group aims to match record years
    three months of the year is expected to match the prior year level following the high volume of deliveries toward year end 2010 In 2011 the HOMAG Group plans to improve the earnings situation with growth slightly outpacing sales revenue and significantly increase its net profit in particular According to the new member on the management board Hans Dieter Schumacher who will take over the position of CFO as of April 1 this will be possible because we expect substantially lower extraordinary expenses and an improved interest result assuming the base interest rate remains stable since we will be able to benefit here from improved contractually fixed borrowing conditions In addition the Group s tax rate is expected to decrease With the slight increase again in headcount as of December 31 2010 to 5 051 employees prior year 4 954 employees the Group feels that it is well equipped to tackle fiscal 2011 and expects the number of employees to increase slightly at subsidiaries in foreign markets with high growth potential Fiscal 2010 At the presentation of the annual financial statements 2010 the Company s management board confirmed the financial figures most of which had already been published According to the confirmed figures sales revenue increased 37 percent to EUR 718 million prior year EUR 524 million which means that the HOMAG Group once again exceeded the sales revenue target even though the management board had already corrected it upwards several times Moreover the Group s increase in sales revenue outpaced the industry average Order intake rose by 31 percent reaching EUR 541 million prior year EUR 413 million The management board links the decrease in order backlog to EUR 149 million as of December 31 2010 prior year EUR 171 million to the large volume of machine deliveries toward the end of the year Earnings also improved substantially although the net profit was again burdened by extraordinary restructuring expenses of EUR 4 4 million prior year EUR 12 4 million partly incurred for measures performed ahead of schedule Before this extraordinary expense and before the result from employee profit participation EUR 6 9 million prior year EUR 2 0 million EBITDA rose to EUR 65 1 million prior year EUR 15 6 million On the same basis EBIT came to EUR 36 4 million prior year EUR 10 2 million and EBT to EUR 25 6 million prior year EUR 19 4 million EBT after extraordinary expenses and after the result from employee profit participation amounts to EUR 14 4 million prior year EUR 29 8 million The very high tax expense ratio of 44 percent results in a net profit for the period after non controlling interests of EUR 6 7 million prior year EUR 20 7 million resulting in earnings per share of EUR 0 43 prior year EUR 1 32 Cash flow from operating activities improved to EUR 62 7 million in fiscal 2010 prior year EUR 32 5 million with free cash flow rising to

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/Homag_aims_match_record_years.aspx (2016-04-30)
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  • Dividend of EUR 0.30 to be proposed
    time the Company now wants to distribute a large portion of its net profit With this high dividend rate we want to give our shareholders an above average slice of the successful year 2010 CEO Rolf Knoll explains Going forward the Company intends to return to its past dividend policy The previously reported provisional figures for fiscal 2010 have also been confirmed According to the final figures the HOMAG Group s sales revenue grew by 37 percent to EUR 718 million prior year EUR 524 million and order intake picked up 31 percent to EUR 541 million prior year EUR 413 million EBITDA before employee profit participation and before extraordinary expenses for restructuring non recurring expenses came to EUR 65 1 million prior year EUR 15 6 million resulting in a net profit after non controlling interests of EUR 6 7 million prior year a net loss of EUR 20 7 million According to the Company s management board the HOMAG Group has also made a good start into the current fiscal year and its order intake for the first quarter of 2011 will exceed the prior year level EUR 166 million Disclaimers 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

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/dividend_for_2010.aspx (2016-04-30)
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  • The HOMAG Group organizes the production process from the tree trunk to the finished piece of furniture
    is a competent and reliable partner in the field of furniture production lines The complex production plant for high end home and office furniture is scheduled to go on line before the end of 2011 The complete order for the advanced furniture production plant under HOMAG Group AG s project management is valued at about EUR 58 million the HOMAG Group s share comes to about EUR 8 million The client the Russian company Mekran is one of the country s leading furniture manufacturers With the new production line which is based on the lean production principle Mekran is arguably setting up the most modern furniture manufacturing facilities in Russia with the support of the specialists from HOMAG Group Engineering The comprehensive large scale project which covers the value chain end to end from the tree trunk to the finished piece of furniture will be realized in a manufacturing hall with 30 000m² of floor space in Krasnojarsk Siberia The high tech factory will have production to order capability and is designed to flexibly manufacture in two shift operation up to 1 million assembly elements per year The fact that the HOMAG Group was entrusted with the management of this

    Original URL path: http://www.homag-polska.pl/en-en/news/newsdatabase/homaggroup/Pages/project_management.aspx (2016-04-30)
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  • HOMAG Group with significant growth
    of December 31 2010 prior year EUR 171 million to the large volume of machine deliveries toward the end of the year CFO Andreas Hermann believes that the good earnings situation is as much a result of the good development of business in 2010 as it is a reflection of the lower cost basis which we achieved thanks to the early implementation of an extensive restructuring program the sustainability of which is also evident in the fact that we closed each of the four quarters of 2010 with a net profit Earnings were again burdened by an extraordinary restructuring expense of EUR 4 4 million prior year EUR 12 4 million some of the restructuring measures concerned were performed ahead of schedule Before this extraordinary expense and before the result from employee profit participation EUR 6 9 million prior year EUR 2 0 million EBITDA rose to EUR 65 1 million prior year EUR 15 6 million and EBT on the same basis to EUR 25 6 million prior year EUR 19 4 million EBT after extraordinary expenses and after the result from employee profit participation amounts to EUR 14 4 million prior year EUR 29 8 million According to Mr Hermann the high ratio of tax expenses to EBT of 44 percent reflects the interest limitation regulations losses incurred by some subsidiaries on which it was not possible to recognize deferred tax assets and an expected tax back payment in connection with a tax audit at a foreign subsidiary Consequently the net result for the period after non controlling interests came to EUR 6 7 million prior year EUR 20 7 million resulting in earnings per share of EUR 0 43 prior year EUR 1 32 The HOMAG Group is very satisfied with the development of its liquidity position during the past fiscal year Indeed cash flow from operating activities improved to EUR 62 7 million in fiscal 2010 prior year EUR 32 5 million with free cash flow rising to EUR 42 2 million prior year EUR 3 7 million In addition net liabilities to banks have decreased substantially to EUR 55 8 million as of year end 2010 down almost EUR 40 million on the figure as of December 31 2009 EUR 94 6 million Our net liabilities to banks are thus at the lowest level in more than 20 years CFO Andreas Hermann emphasizes In response to the positive business development the HOMAG Group started hiring employees again in the course of 2010 to fill key strategic positions particularly abroad As a result the headcount as of December 31 2010 increased again slightly to 5 051 employees prior year 4 954 employees Although the HOMAG Group has still not reached the pre crisis revenue and earnings level despite the successful development of fiscal 2010 CEO Knoll is confident that the upward trend will continue By adopting targeted growth and earnings measures we want to return the HOMAG Group to the level of 2007 and 2008 within

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