Homag reports 13% drop in sales in 2020 due to corona pandemic
The Homag Group closed the 2020 financial year with a considerable drop in sales due to the challenges in connection with the corona pandemic. "We continued to develop the company during the Corona crisis and strengthened business in China and in the solid wood sector in particular through acquisitions," emphasizes CEO Ralf W. Dieter. According to preliminary figures, the Homag Group's incoming orders fell by 10.4 percent to EUR 1,093 million in the 2020 financial year (previous year: EUR 1,220 million). Sales fell by 13.1 percent to EUR 1 ...
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