Photo: HOMAG Group
The HOMAG Group has reported record orders for the first six months of the year.
The strong sales are attributed to higher investments in living spaces and the new solid wood processing business unit, through which HOMAG is strongly pushing ahead with its solid wood activities for timber frame house construction.
Compared to the first half year of 2020, which was marked by the effects of the pandemic, order intake at the HOMAG Group has increased by 80 per cent, to 887 million euros compared to 493 million euros in the previous year. That is a 20 per cent increase over the previous all-time record of 734 million euros in 2017.
“We are at the beginning of a new investment cycle. Plus, our customers around the world are benefiting from the fact that people are increasingly investing in their living spaces,” says CEO Ralf W. Dieter.
“This, in turn, leads to dynamic demand for efficient machines, like the ones used for producing kitchens and furniture – and these innovative solutions are what we are offering our customers.”
The stand-alone machine business, along with the service business, saw a particularly positive development at the HOMAG Group in the first six months of 2021. But the company’s systems business involving large systems is also on the road to recovery, part of which almost came to a standstill in the same period of the previous year due to the coronavirus pandemic.
“We are particularly pleased that our investments in the new solid wood segment are already paying off,” says Dr. Daniel Schmitt, who looks after that side of the business.
“We are observing a rise in demand for sustainable and climate-friendly timber houses, which is working in our favor.”
“We are also benefiting from the partnership with our customers, which is based on trust and which we continued to nurture throughout the pandemic,” says Dieter. “We have thus made every effort to maintain the best possible contact with our customers, despite the more challenging conditions. Our numerous online formats have been very well received. Most recently, in May and June, we reached participants from over 90 countries with our ‘Live.HOMAG’ online event.”
