Significant rise in sales revenue for Homag in the first quarter of 2008
16/05/2008 - 02:36 PM
Homag could offset the weak market situation in the US, Spain or Japan by an above-budget order intake from Eastern Europe and Asia in particular. At EUR 312 million as of March 31, 2008, the order backlog of the HOMAG Group rose considerably, by 12 percent compared to the end of the first quarter of 2007 (EUR 278 million) and by 22 percent compared to year-end 2007 (EUR 255 million).
CEO Dr. Joachim Brenk believes that efficiency improvements from "Project 2008” will impact the second quarter: “Order intake in the second quarter will reflect the effects of Xylexpo, the major industry trade fair held in Italy, although this will not match the impact of the main trade fair, LIGNA, which is held every two years. Consequently, the order intake budgeted for the second quarter is lower than in the same quarter of the prior year, but remains at a high level.”
