Homag Group’s incoming orders decrease, as Chinese demand drops
In the first half of 2018 (1H-2018), the Homag Group recorded an increase in sales over the previous year and once again achieved a high level of incoming orders. Sales in 1H-2018 were up 1.3% and reached € 606 million (1H-2017: € 598 million), while incoming orders reached € 701 million, a 4.4 percent drop against the first half of 2017 when incoming orders reached an all-time high of € 734 million. As of June 30, 2018 the Homag Group's order backlog was worth € 658 million (1H-2017: € 556 million). While operating EBIT ...
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