The Homag Group increased its sales by 1.44% to 1.625 billion euros in 2023. However, the decline in order intake, which fell significantly by 18% to 1.395 billion euros, reflects the weak demand that has been ongoing since the third quarter of 2022, as the machine manufacturer from Schopfloch in the Black Forest announced today. The Board of Directors therefore expects a sharp decline in sales and earnings this year. “We do not expect a general market recovery before the end of 2024 and, from today’s perspective, we expect order intake in the current ...