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Companies in the timber industry / Daily News / Market Analysis / Furniture / Wood Products / Woodworking machinery / Europe / Global
July 23, 2019

Homag negatively revises earnings forecast for 2019

Homag negatively revises earnings forecast for 2019
German woodworking machinery giant Homag announced that it will negatively revise its earnings forecast for 2019 as a result of a market downturn with the furniture industry, and a decline in sales in China.   Homag Group AG adjusted its earnings forecast for the 2019 financial year. From today's perspective, earnings after taxes and before profit transfer are expected to be between EUR 42 and 46 million.    Previously, Homag Group AG had forecast earnings after taxes and before profit transfer for 2019 above the previous year's figure (EUR 54 million).    ...

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