In the first three quarters of 2025, the HOMAG Group recorded a significant increase in earnings due to the cost reductions realized. The continued weak market development in the furniture industry is reflected in the declining order intake and a slight reduction in sales.
The HOMAG Group’s order intake decreased by 9 percent to EUR 939 million in the first nine months of 2025 (previous year: EUR 1,031 million). “Added to the already subdued market environment in the furniture sector was the uncertainty caused by trade policy turbulence. Against this backdrop, an increasing number of investment projects by customers from the furniture industry were postponed,” explains CEO Dr. Daniel Schmitt. “In contrast, the upward trend continued in production facilities for timber house construction. After years of subdued demand during the construction crisis, an increasing number of smaller and larger projects are being awarded again.”
Sales declined slightly in the first three quarters of 2025 to EUR 1,026 million (previous year: EUR 1,055 million). Nevertheless, HOMAG was able to improve EBIT before extraordinary effects by 53 percent to EUR 53.6 million (previous year: EUR 35.0 million). This positive earnings development is primarily due to cost reductions resulting from the personnel measures implemented. The slight growth in the service business also had a positive effect.
Dr. Daniel Schmitt: “We have significantly increased our earnings resilience and are therefore much better able to compensate for the consequences of the market weakness. HOMAG has become more robust and is well equipped to return to profitable growth when demand picks up.” The number of employees decreased to 6,579 as of September 30, 2025 (September 30, 2024: 6,875).
