DGAP-News: Homann Holzwerkstoffe GmbH increases operating result in 2020 despite pandemic
Although revenues fell by 4.0% to EUR 262.8 million, operating EBITDA rose from EUR 47.1 million to EUR 49.4 million.
- Although revenues fell by 4.0% to EUR 262.8 million, operating EBITDA rose from EUR 47.1 million to EUR 49.4 million.
- As a result, equity increased noticeably to EUR 57.9 million (December 31, 2019: EUR 45.1 million).
- The positive operating performance and the decrease in net debt led to a decline in leverage (net debt to operating EBITDA) to 2.3x (December 31, 2019: 2.8x).\nFritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: "Our business model enabled us to achieve a record result despite the adversities in the market, even exceeding our internal planning for 2020.
- "\nHeadquartered in Munich, Homann Holzwerkstoffe GmbH is a leading supplier of thin, high-quality finished medium-density and high-density fibreboards (MDF/HDF).