Homag Group reports fall in order intake in H1/2023

Following the very strong previous years, the Homag Group’s order intake declined in the first half of 2023. The company was, however, able to increase its sales. Order intake decreased to Euro 671 million in the first six months of 2023 (previous year: Euro 1,031 million). “This slowdown in order intake does not come as a surprise,” emphasized CEO Dr. Daniel Schmitt. “After two years of exceptionally high investments, our customers are now more cautious due to high inflation and interest rates. We see this in all global regions.” The order backlog decreased to Euro 930 million ...