DGAP-News: HOMAG Group reports a good order situation

DGAP-News: Homag Group AG / Key word(s): Quarter Results HOMAG Group reports a good order situation 12.11.2013 / 07:00 --------------------------------------------------------------------- HOMAG Group reports a good order situation - Order intake increased by 14 percent in the third quarter - Further improvement in operating performance and results of operations - Forecasts for 2013 confirmed <pre> EUR million Q3 2013 Q3 2012 Order intake 142.1 124.9 Order backlog 229.4 218.5 Sales revenue 202.9 195.5 Operative EBITDA* 24.5 21.5 EBT** 10.9 9.9 Net profit for the period after 6.6 5.7 non-controlling interests </pre> *Earnings before interest, taxes, depreciation and amortization and before employee participation and before extraordinary expenses **Earnings before taxes after employee participation and after extraordinary expenses Schopfloch, November 12, 2013. The HOMAG Group, the world's leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, has increased its order intake by around 14 percent to EUR 142.1 million in the third quarter of 2013 (prior year: EUR 124.9 million). CEO Dr. Markus Flik attributed the highest figure recorded in a third quarter since 2007 to the positive results of LIGNA in May, among other factors: 'We were able to convince customers with our innovations there. This is now reflected in our strong order intake, which also benefited from our global presence in all markets.' The order backlog of the global market leader rose to EUR 229.4 million as of September 30, 2013 (prior year: EUR 218.5 million) and sales revenue increased by 4 percent to EUR 202.9 million (prior year: EUR 195.5 million). Outpacing sales revenue, operative EBITDA before employee participation expenses and before extraordinary expenses was up 14 percent to EUR 24.5 million (prior year: EUR 21.5 million). 'This above-trend increase is mainly attributable to our further increased productivity, which is also reflected in the decrease in the ratio of personnel expenses to total operating performance,' emphasizes CFO Hans-Dieter Schumacher. EBT after employee participation expenses and after extraordinary expenses rose to EUR 10.9 million (prior year: EUR 9.9 million). The decrease in the tax expense ratio to 37 percent (prior year: 46 percent) leads to a net profit for the period after non-controlling interests of EUR 6.6 million (prior year: net profit of EUR 5.7 million). This results in earnings per share of EUR 0.42 (prior year: EUR 0.36). As of September 30, 2013, the HOMAG Group had 5,062 employees (prior year: 5,085 employees). First to third quarters of 2013 In the first nine months of 2013, the Group's order intake was up by nearly 5 percent to EUR 472.9 million (prior year: EUR 452.1 million). Sales revenue increased to EUR 574.9 million (prior year: EUR 571.5 million). Operative EBITDA before employee participation expenses and before extraordinary expenses decreased slightly to EUR 51.5 million (prior year: EUR 52.4 million) due to negative exchange rate effects. At EUR 18.3 million, EBT after employee participation expenses and after extraordinary expenses remained at the prior-year level (prior year: EUR 18.2 million). Due to the lower tax expense ratio of 39 percent (prior year: 54 percent), the net profit for the period after non-controlling interests rose to EUR 10.7 million (prior year: EUR 8.7 million), leading to earnings per share of EUR 0.68 (prior year: EUR 0.55). Outlook The management board looks ahead to the final quarter with confidence based on the high order backlog, the good order intake and the positive results of the in-house trade fairs held at the end of September. Therefore, the 2013 forecasts still apply, according to which the Group aims to exceed the prior-year order intake figure in 2013 and generate sales revenue for the Group of around EUR 800 million. The Group anticipates an operative EBITDA before employee participation expenses and before extraordinary expenses of around EUR 75 million and expects to return a net profit of the Group for the year of around EUR 15 million. - - - - - - - - - - Background information With its 15 specialized production companies, 21 group sales and service companies and approximately 60 exclusive sales partners worldwide, HOMAG Group AG's position as a complete system supplier is unique. Backed by a workforce of some 5,000 employees worldwide, the Company sees itself as the leading global manufacturer of plant and machinery for the woodworking and wood materials processing industry and cabinet makers active in the production of furniture and construction elements as well as timber frame houses. The Group also offers its customers a wide range of services, including software and consulting services. HOMAG Group AG shares have been listed on the Prime Standard of the Frankfurt stock exchange since July 13, 2007. 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 the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this announcement, it cannot be guaranteed that the same will hold true in the future. Information: HOMAG Group AG Kai Knitter Head of Investor Relations & Corporate Communications Phone: +49 7443 13-2461 kai.knitter@homag-group.com www.homag-group.com End of Corporate News --------------------------------------------------------------------- 12.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Homag Group AG Homagstr. 3-5 72296 Schopfloch Germany Phone: +49 (0)7443 / 13 - 0 Fax: +49 (0)7443 / 13 - 2300 E-mail: info@homag-group.com Internet: www.homag-group.com ISIN: DE0005297204 WKN: 529720 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 239051 12.11.2013