Improvement in earnings in the first nine months despite continued market weakness

11/13/2025

Improvement in earnings in the first nine months despite continued market weakness

Schopfloch, November 13, 2025. In the first three quarters of 2025, the HOMAG Group recorded a significant increase in earnings due to the cost reductions realized. The continued weak market development in the furniture industry is reflected in the declining order intake and a slight reduction in sales.

The HOMAG Group’s order intake decreased by 9 percent to EUR 939 million in the first nine months of 2025 (previous year: EUR 1,031 million). “Added to the already subdued market environment in the furniture sector was the uncertainty caused by trade policy turbulence. Against this backdrop, an increasing number of investment projects by customers from the furniture industry were postponed,” explains CEO Dr. Daniel Schmitt. “In contrast, the upward trend continued in production facilities for timber house construction. After years of subdued demand during the construction crisis, an increasing number of smaller and larger projects are being awarded again.”

Sales declined slightly in the first three quarters of 2025 to EUR 1,026 million (previous year: EUR 1,055 million). Nevertheless, HOMAG was able to improve EBIT before extraordinary effects by 53 percent to EUR 53.6 million (previous year: EUR 35.0 million). This positive earnings development is primarily due to cost reductions resulting from the personnel measures implemented. The slight growth in the service business also had a positive effect.

Dr. Daniel Schmitt: “We have significantly increased our earnings resilience and are therefore much better able to compensate for the consequences of the market weakness. HOMAG has become more robust and is well equipped to return to profitable growth when demand picks up.” The number of employees decreased to 6,579 as of September 30, 2025 (September 30, 2024: 6,875).

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 13 specialized production sites, about 20 Group-owned sales and service companies, and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of around 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem “tapio” (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

Disclaimer
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.