Homag, the world’s largest woodworking machinery manufacturer, returned to profit in 2010 with a pre-tax result of €14.4m (2009: €-29.8m).
The German-based company, which has 16 factories worldwide, saw its sales rise 37% to €718m (2009: €524m).
Order intake rose 31% to €541m, mainly on the back of favourable business in the BRIC countries, particularly China and Brazil, which saw their share in Homag’s orders rise from 12 to 23%.
The company said it had not yet reached pre-crisis revenue and earnings levels, but CEO Rolf Kroll expressed confidence that the upward trend would continue.
