{"id":88649,"date":"2025-03-11T06:53:30","date_gmt":"2025-03-11T06:53:30","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/homag-doesnt-expect-a-recovery-in-demand-until-h2-2025\/"},"modified":"2025-09-18T17:30:03","modified_gmt":"2025-09-18T17:30:03","slug":"homag-doesnt-expect-a-recovery-in-demand-until-h2-2025","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/homag-doesnt-expect-a-recovery-in-demand-until-h2-2025\/","title":{"rendered":"Homag doesn\u2019t expect a recovery in demand until H2\/2025"},"content":{"rendered":"

<\/span>The Homag Group achieved its targets in 2024 in a difficult market environment. Order intake stabilized at the previous year\u2019s level. As a result of the expected significant decline in sales, earnings fell considerably, but reached the upper end of expectations. Sustainable cost reductions and a robust service business contributed to this, according to the company.<\/p>\n

According to preliminary figures, the Homag Group\u2019s order intake of Euro 1,357 million in the 2024 fiscal year almost matched the previous year\u2019s figure (Euro 1,395 million). \u201cThere was no significant improvement in demand in 2024, but we were able to stabilize our order intake,\u201d explains CEO Dr. Daniel Schmitt. \u201cIn the individual machine business in particular, the furniture industry remained reluctant to invest, while the project business developed quite well, especially in the timber construction sector.\u201d After the Homag Group had worked through the high order backlog caused by the exceptional economic situation in the furniture industry due to the pandemic, the lower order level is reflected in sales revenue, which fell by 13% to Euro 1,413 million (previous year: Euro 1,625 million). The orders on hand decreased to Euro 781 million as of December 31, 2024.<\/p>\n

The company has countered the decline in sales with cost reductions and flexibilization measures such as short-time work. Dr. Schmitt: \u201cWe have substantially completed the package of measures to adjust capacity and increase efficiency, which was initiated in the Q4 2023 and included the reduction of around 600 jobs worldwide. In Germany, the reduction was accomplished without operational redundancies.\u201d<\/p>\n

EBIT before extraordinary effects decreased to Euro 50.8 million (previous year: Euro 129.7 million). \u201cWith the savings achieved, we are at the upper end of our own expectations in terms of earnings,\u201d emphasizes Dr. Daniel Schmitt. \u201cThe service business, which increased slightly despite the weak market, also provided positive earnings momentum.\u201d<\/p>\n

The Homag Group does not anticipate a recovery in demand until the second half of 2025 at the earliest and expects sales for the current fiscal year to be on par with the previous year. Order intake is expected to be at or slightly above the previous year\u2019s level. The Board of Management is hoping for a positive stimulus from LIGNA, the world\u2019s leading industry trade fair, which will be held in Hanover in May. \u201cWe aim to increase our earnings again in 2025, as the cost reductions will take full effect for the first time and we want to further increase service revenue,\u201d explains Dr. Daniel Schmitt.<\/p>","protected":false},"excerpt":{"rendered":"

The Homag Group achieved its targets in 2024 in a difficult market environment. Order intake stabilized at the previous year\u2019s level. As a result of the expected significant decline in sales, earnings fell considerably, but reached the upper end of … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":49943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nHomag doesn\u2019t expect a recovery in demand until H2\/2025 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/homag-doesnt-expect-a-recovery-in-demand-until-h2-2025\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homag doesn\u2019t expect a recovery in demand until H2\/2025 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The Homag Group achieved its targets in 2024 in a difficult market environment. 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