HOMAG Group AG Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for 2014
Sales rose by more than 15% to EUR 661.9 million against EUR 574.4 million a year ago. Operative EBITDA before employee profit participation expenses and before extraordinary expenses rose by 29% to EUR 66.4 million against EUR 51.5 million in the prior year. The net profit for the period after non-controlling interests improved by more than 50% to EUR 16.2 million against EUR 10.7 million in prior year, and leads to earnings per Share of EUR 1.03 against EUR 0.68 a year ago.
The group's sales revenue for 2014 is expected to reach between EUR 860 million and EUR 880 million. Operative EBITDA before employee profit participation expenses and before extraordinary expenses is estimated to be between EUR 82 million and EUR 84 million in 2014. As a result the Group is expected to return a net profit for the year 2014 at the lower end of the forecast range of between EUR 20 million and EUR 22 million.