With a 4.4% reduction in sales revenue to €195.5m, the woodworking machine group Homag achieved a considerable improvement in its key performance figures in the third quarter, which the group attributes to strict cost management. Operative EBITDA before expenses from employee participation and before non-recurring expenses increased by 25% to €21.5m. This equated to an operating EBITDA margin of 11%, after 8.4% in the same quarter of last year. The pre-tax result improved by 64% to €9.9m; the result for the period was more than doubled to €5.7m.

Source: EUWID

Posted and edited by Riona, Hanbao News Department

Contact: rionach@cltimber.com