Homag doesn’t expect a recovery in demand until H2/2025

The Homag Group achieved its targets in 2024 in a difficult market environment. Order intake stabilized at the previous year’s level. As a result of the expected significant decline in sales, earnings fell considerably, but reached the upper end of expectations. Sustainable cost reductions and a robust service business contributed to this, according to the company. According to preliminary figures, the Homag Group’s order intake of Euro 1,357 million in the 2024 fiscal year almost matched the previous year’s figure (Euro 1,395 million). “There was no significant improvement in demand in 2024, but we ...