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November 20, 2020

HOMAG Group sees signs of recovery in Q3/2020

  In the third quarter of 2020, the HOMAG Group recorded a significant improvement in order intake (+41%) and an economic recovery compared to the second quarter of 2020. Nevertheless, the nine-month figures are also affected by the COVID-19 pandemic.  "Like the entire machinery industry, we are still noticing the effects of the Corona pandemic," explained chief executive officer Pekka Paasivaara. "However, incoming orders recovered significantly in the third quarter. The further course of the pandemic will determine whether this positive development will continue."  In the first nine months of 2020, HOMAG Group ...

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