Homag Group: positive numbers for 2020

According to preliminary figures, the Homag Group’s order intake in fiscal 2020 declined by 10.4 percent to 1,093 million euros (previous year: 1,220 million). Sales decreased by 13.1 percent to 1,112 million euros (previous year: 1,279 million). By contrast, the order backlog stood at 581 million as at December 31, 2020, thus exceeding the previous year’s level (December 31, 2019: 546 million). The Homag Group achieved operating Ebit of 27.0 million (previous year: 82.7 million). “After a good start to the year, we recorded a significant decline in orders in the second quarter, due to the restrictions and uncertainties resulting from the coronavirus pandemic”, explains Ralf W. Dieter. “In the second half of the year, and particularly in the final quarter, demand picked up noticeably”.

As at December 31, 2020, the Homag Group had 6,942 employees (December 31, 2019: 6,569). However, it must be noted that the Group gained around 550 employees through the first-time consolidation of two companies acquired in 2020, Homag China Golden Field in China and System Tm in Denmark.