Sales of the Homag Group increase in Q1/2023; incoming orders fall

The Homag Group increased sales by 10 percent in the first quarter of 2023. As expected, incoming orders weakened in the first quarter of 2023 after two exceptionally strong years. Incoming orders in the first quarter of 2023 were EUR 353 million (previous year: EUR 574 million). "We expected this slowdown in incoming orders," emphasized CEO Dr. Daniel Smith. "We can look back on two years of extraordinarily high investments by our customers - with the absolute record value in the first quarter of 2022. Since mid-2022 we have seen a normalization in orders. However, it is pleasing that ...