Several leading suppliers recently released their annual reports. It’s interesting to note that every one of them reports increased sales – an indication that wood working around the world is booming.

Biesse

The Biesse group (combined sectors) ended 2015 with a turnover of 519 million Euros (A$769,855 Million), recording a 21.6% increase. “It should be noted that the fourth quarter of 2015 appears to have been the best for the group, with double-digit growth in all divisions and a 23.8% increase in revenues,” said Banca IMI (Intesa Sanpaolo Group). Biesse is expected in the medium term to perform better in its target markets with an expected average annual growth rate of 10.7%. The value added margin reached 41% in 2015 compared to 39.6% the previous year, benefiting from an improved sales mix in the higher-end of the market. Compared to net debt of EUR 11.3 million in 2014, Biesse in 2015 can record an almost zero net debt.

Häfele

The international Häfele hardware technology group ended 2015 with a revenue of AUD$1.89 Billion). This represents a growth of 11% compared to the previous year. With a rise of +16%, the 37 foreign-based subsidiaries are credited with this increase. Strong growth was especially apparent in the USA, Great Britain, India and Australia. Häfele is now generating 79% of its revenue abroad. “Strong regional diversification is enabling us to share in the growth outside of Europe,” said Sibylle Thierer, Managing Director of the family-owned company. Häfele has made an optimistic start to the new financial year and sees good opportunities for again achieving international growth throughout 2016.

Homag

HOMAG reported steady sales through the third quarter of 2015, increasing its order intake between July and September by about 11% to AUD$411.5 Million. Sales revenue increased 12%. In the first nine months of 2015, the HOMAG Group was able to boost its order intake by almost 11% to AUD$1.3 Billion while sales revenue increased more than 15%. “Our performance in North America and Western Europe was particularly good,” Homag CEO Pekka Paasivaara reported. “This means that for the first time in the company’s 55-year history, we are looking to generate sales revenue of more than AUD$1.6 billion.”

SCM Group

SCM Group’s strong position was confirmed by the excellent results of 2015. The group closed the year with a turnover of more than 500 million Euros, up 10% compared to 2014, with a 28% growth in the Italian market in the machinery sector. The group’s international growth was boosted with the opening of branches in Dubai, Kuala Lumpur and the West Coast USA, strengthening the group’s global presence with 20 branches and over 350 distributors and agents.

Andrea Aureli, the SCM Group Chief Executive Officer said at Holz-Handwerk in Nuremberg: “We are extremely pleased with the 2015 results showing US$56 Million of gross operating margin, a net profit of US$17 Million and debt down to zero”. The top performers were CNC machining centres and edge banders, achieving over 30% in total orders growth.