Annual general meeting of HOMAG Group AG

05/15/2025

Annual general meeting of HOMAG Group AG

Bietigheim-Bissingen / Schopfloch, May 15, 2025. HOMAG Group AG once again held its annual general meeting as an in-person event today. The shareholders approved all items on the agenda by a large majority.

The annual general meeting was held at the administrative building of Dürr AG, the parent company of HOMAG Group AG, in Bietigheim-Bissingen and was broadcast via livestream. The meeting was attended by a total of around 40 shareholders and guests – representing around 98 percent of the share capital. The actions of the Board of Management and the Supervisory Board were approved by a large majority at the annual general meeting.

For the fiscal year 2024, HOMAG Group AG will pay its shareholders a compensation payment of EUR 1.19 per share (gross). The compensation payment results from the domination and profit and loss transfer agreement concluded with the parent company Dürr.

In his speech, CEO Dr. Daniel Schmitt looked back on the 2024 fiscal year, in which the HOMAG Group achieved its goals in a difficult market environment. However, as expected, there was no significant improvement in demand. The HOMAG Group had already responded to this persistent market weakness in 2023 with a package of measures to adjust capacity, which was successfully completed in 2024 without operational redundancies. Dr. Schmitt was confident about the industry’s leading trade fair LIGNA, which will be held in Hanover at the end of May. “At LIGNA, we underline our position as a market and technology leader that is actively shaping the digital transformation in woodworking and the future of timber construction.”

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 13 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of around 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

Disclaimer
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.