First nine months of the year marked by mixed results for Homag, the German giant specializing in solutions and technologies for wood processing. In the January–September period, although the group recorded a marked increase in profits thanks to cost-cutting measures, the furniture market continues to show signs of weakness (as we reported here), and this has affected orders and sales.
In the first nine months of the year, orders fell by 9 percent, settling at EUR 939 million compared with EUR 1.031 billion in 2024. “To the already weak market environment in the furniture sector was added the uncertainty caused by turbulence in trade policy. Against this backdrop, an increasing number of investment projects by customers in the furniture industry were postponed“, said CEO Daniel Schmitt. “In contrast, the positive trend continued in production facilities for timber house construction. After years of subdued demand during the construction crisis, an increasing number of both small and large projects is being awarded again”.
Sales also recorded a slight decline, falling to EUR 1.026 billion from EUR 1.055 billion in the previous year. Despite the weak commercial environment, the company managed to improve Ebit, reaching EUR 53.6 million (EUR 35 million in 2024). The positive result is mainly attributed to cost reductions stemming from personnel measures and to a slight increase in the service business.
“We have significantly increased our earnings resilience and are therefore much better able to compensate for the consequences of market weakness“, Schmitt concluded. “Homag has become more robust and is well equipped to return to profitable growth when demand picks up”. As of 30 September 2025, the number of employees had fallen to 6,579, down from 6,875 a year earlier.
