Homag, first quarter 2026 down: weakness in the furniture market weighs on results

Homag closed the first quarter of 2026 with orders, revenues and profitability all declining, in a context still affected by weak demand from the furniture industry. The performance of automated production technologies for timber houses was more stable.

In the first three months of the year, order intake stood at 370 million euros, down by around 7 percent compared with 397 million in the same period of 2025. According to CEO Daniel Schmitt, many customers in the furniture sector continue to postpone investments, and it is currently impossible to predict when this backlog will be released. The order backlog remained broadly stable at 801 million euros.

Revenue also declined, falling by 9 percent to 310 million euros, compared with 341 million in the first quarter of the previous financial year. Homag links the figure to the lower level of orders, also influenced by the trade tensions that emerged in the second and third quarters of 2025. EBIT before extraordinary items fell from 12.9 to 9.5 million euros, affected by lower revenues, one-off costs related to the migration of an IT system and higher investments in research and development.

The group nevertheless remains confident for the coming months and expects an improvement in sales and earnings compared with the start of the year. As of March 31, 2026, the workforce stood at 6,712, compared with 6,979 a year earlier. Homag, majority-controlled by the Dürr Group, is one of the world’s leading suppliers of integrated solutions for the woodworking industry and craft sector.