The HOMAG Group’s first quarter of 2026 reflects the continuing subdued economic environment in the furniture industry. The business with automated production technology for timber houses, by contrast, continued to perform well.
Against this backdrop, the HOMAG Group achieved a robust order intake of €370 million in the first three months, which was around seven per cent below the high previous year’s figure (€397 million). “We are still noticing a restraint in demand among customers from the furniture sector,” explains CEO Dr. Daniel Schmitt. “Investments in this area are being put off further and further. It is currently impossible to predict when this investment backlog will be resolved.” As of March 31, 2026, the orders on hand stood at €801 million, remaining virtually unchanged from the previous year (March 31, 2025: €825 million).
Sales declined by around nine per cent to €310 million in the first quarter of 2026 (previous year: €341 million) due to low order intake resulting from the tariff conflicts in the second and third quarters of 2025. The decline in EBIT before extraordinary effects to €9.5 million (previous year: €12.9 million) was characterized by lower levels of sales, planned one-off costs for a conversion in the IT sector, and higher research and development costs. In the coming quarters, HOMAG expects to see improvements in sales and earnings compared to the opening quarter. The number of employees was reduced to 6,712 as of March 31, 2026 (March 31, 2025: 6,979 employees).
