CEO Dr. Daniel Schmitt cites the adjusted trade fair strategy for more difficult economic times as one of the reasons for the decision. "Even if it is difficult for us - after a thorough analysis we have decided to focus primarily on the leading international trade fairs such as LIGNA in Hanover, Germany, IWF in Atlanta, USA or interzum in Guangzhou, China. This does not mean, however, that we have cancelled our participation in the Nuremberg trade fair for all time. We will reassess the situation again in two years." The current weaker economy and the associated decline in order intake require stricter cost management, Schmitt added.

Direct contact with all customer groups, from trade to industry, continues to be a very high priority for the HOMAG Group. HOMAG therefore intends to present its innovations at several customer-focused in-house events. “At these decentralized and local events, which will be held in Germany and neighboring countries, we will be able to address our customers in a targeted and individual manner, and showcase customized solutions for their specific requirements,” Daniel Schmitt emphasized. In its numerous showrooms, the HOMAG Group can also present a broader range of solutions comprising machines, services, and software to the relevant target groups. In addition, HOMAG offers its customers the opportunity to get to know the new and further developments through many digital formats without having to travel.

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.