Homann Holzwerkstoffe reports slight revenue growth and solid operating result

First half of 2025: Homann Holzwerkstoffe reports slight revenue growth and solid operating result

• Despite the challenging market situation and burdening one-time effects, revenues increased to EUR 195.0 million (previous year: EUR 186.3 million)
• Adjusted operating EBITDA fell to EUR 22.1 million (previous year: EUR 28.4 million)
• New 7-year bond issued; early prolongation of financing in Lithuania
• Investment package for the modernization and expansion of the existing plant in Losheim

Munich, September 12, 2025 – Homann Holzwerkstoffe GmbH, a leading European supplier of thin, refined wooden fibreboards for the furniture, doors and coatings industries, today published its interim Group report for the first half of 2025. In a challenging market environment, the Group increased its sales volume, which lifted revenue from EUR 186.3 million in the same period of the previous year to EUR 195.0 million in the reporting period.

At EUR 22.1 million, EBITDA adjusted for exchange rate effects was below the previous year’s level (prior-year period: EUR 28.4 million). Accordingly, the EBITDA margin based on total output fell to 11.3% (prior-year period: 15.1%). This development is due to two one-time effects: on the one hand, there were temporary production stoppages at the Losheim site from January to May following the modernization of the raw board plant; on the other hand, the commissioning of the new plant in Pagiriai, Lithuania, was delayed. The Group’s half-year result totalled EUR -2.7 million after EUR 7.9 million in the same period of the previous year.

Driven by the half‑year result and by the reduction in the negative difference in equity resulting from currency translation, equity fell slightly to EUR 195.4 million in the first half of 2025 (December 31, 2024: EUR 197.1 million). Accordingly, the equity ratio declined from 33.2% at the end of financial year 2024 to 31.6% as at June 30, 2025. With the issue of a new EUR 120 million 7-year corporate bond and the recent prolongation of financing in Lithuania, the Group has placed significant parts of its financial liabilities on a long-term footing.

Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: “In the first half of financial year 2025, we set the course with a number of important decisions. Operationally, we were able to further increase our revenues and have strengthened our financing base by issuing a new corporate bond. The temporary burdens caused by start-up difficulties following modernization measures in Losheim and the delayed commissioning of our new plant in Pagiriai have largely been overcome. Strategically, we have set the course for further solid, sustainable growth with these ongoing measures as part of our investment offensive at the Losheim site and the investment decision for our new production site in the USA.”

In view of the revenue increase in the first half of the year and the successful start of production in Lithuania, management continues to expect revenues in the second half of 2025 to slightly exceed the previous year’s level. A broadly flat EBITDA had originally been forecast for the full year 2025. However, due to the one-time effects in Losheim and Lithuania described above, adjusted EBITDA as at June 30, 2025 was EUR 6.4 million lower than in the same period of the previous year. The updated earnings forecast for 2025 is therefore below the previous year’s level.

The interim Group report for the first half of 2025 is available at https://www.homann-holzwerkstoffe.de/en/investor-relations/press-releases-documents/financial-reports/.
 

About Homann Holzwerkstoffe

Homann Holzwerkstoffe GmbH, headquartered in Munich, is a leading manufacturer of thin, highly refined, medium-density and high-density wood fiberboards (MDF/HDF). With production facilities in Losheim am See, Germany, Karlino and Krosno/Oder, Poland, and at its new site near Vilnius, Lithuania, the company supplies the furniture, door, and coating industries worldwide, with a focus on European markets. The long-established family-owned company has been listed on the capital market since 2012 and is listed on the Frankfurt Stock Exchange with its 2025/2032 corporate Bond (ISIN: NO0013536169, WKN: A4DFTR).
 

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Press/Investor Relations:
iron AG
Karolin Bistrovic, Johannes Kaiser
T +49 221 9140 9736
homann@ir-on.com

Contact:
Homann Holzwerkstoffe GmbH
Sandra Jux
T +49 (0)89 99 88 69 0
sj@homanit.org