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Homag hits $1 billion mark in sales

Machinery manufacturer Homag Group Ag announced sales revenue surpassed $1 billion (1,039 million Euros) in the 2015 fiscal year.

The company says it grew its order intake by roughly 16 percent, while sales revenue increased more than 14 percent from 2014.

“In the past fiscal year, we were very successful in North America, but we were also able to grow in Western Europe,” CEO Pekka Passivaara said in a statement. “We have thus continued our growth path and we have exceeded the billion Euro sales threshold one year earlier than planned.”

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