The Homag Group continues to feel the effects of the customers’ reluctance to invest. Sales and earnings decreased in the first half of 2024. The job cuts in Germany announced at the end of 2023 could be achieved entirely on a voluntary basis without operational layoffs. “As expected, the first half of 2024 has not yet brought a recovery in our industry,” emphasizes CEO Dr. Daniel Schmitt. “The weak demand from the furniture and wood construction industries has persisted and is reflected above all in the low level of single machine business.” In the first six months of 2024 ...
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