The Homag Group’s sales and earnings declined in the first quarter of 2024. This was due to the significant drop in demand last year. “Business development in the first three months of 2024 is in line with our expectations,” explained CEO Dr. Daniel Schmitt. “Although our order intake increased slightly due to a fairly good project and service business, the woodworking industry is still reluctant to invest. As a result, we cannot yet speak of a recovery in demand or a turnaround.” The HOMAG Group’s order intake increased by seven percent to EUR 377 million in the ...
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