Wood & Panel
Home » Featured News » HOMAG achieves meteoric growth in the Financial year 2018

HOMAG achieves meteoric growth in the Financial year 2018

 Monday, March 4, 2019

HOMAG Group successfully achieved record growth in selling large systems for furniture production in 2018. The group has exceptionally grown this year by bagging a steady 17 percent growth in the incoming orders with a record breaking sale figure of € 1,298 million. Despite the negative exchange rate, the group achieved impressive business growth.

 

 

Pekka Paasivaara, CEO HOMAG Group, “We were able to overcome numerous challenges in 2018”, he further added, “These included the SAP-based modernization of the IT systems and the reorganization of production at our largest plant in Schopfloch. Given these issues, we are satisfied with the achieved results.”

 

This year the brand was lucky to sell several large systems in furniture production and HOMAG has won key projects in the Germany based kitchen industry. Now they are gearing up for LIGNA 2019, and Pekka Paasivaara concluded saying, “We will have over 5,000 m² of exhibition space to engage with customers from both smaller carpenter shops and large industrial companies and to explain and demonstrate our comprehensive range of solutions. We will present ready to use concepts that enable our customers to meet today’s market requirements and future trends. Following the digital vision we presented at LIGNA 2017, we have developed specific solutions, including smart digital assistants, which already offer our customers a real benefit today.”

 

 

 

Tags: , , , ,

Comments:

Read Magazine Online

Subscribe to our Newsletters

I want to receive wood industry news and event update from Wood & Panel. I have read Wood & Panel Privacy Notice.

Our Partners

medwood

LINKEDIN