Homann Holzwerkstoffe GmbH revises its full-year forecast: Preliminary half-year figures for 2026 below the previous year’s level due to persistently high start-up losses a

Homann Holzwerkstoffe GmbH revises its full-year forecast: Preliminary half-year figures for 2026 below the previous year’s level due to persistently high start-up losses at plant in Lithuania and weak demand

• EBITDA adjusted for currency effects, on a preliminary basis, stood at EUR -1.4 million in the first half of the year (previous year: EUR 22.1 million)
• Capacity adjustments at the plant in Lithuania to stem further losses
• EBITDA adjusted for currency effects for the full year now expected to be between EUR 10 million and EUR 15 million (previously: a moderate increase compared with the previous year’s figure of EUR 38.2 million)

Munich, August 14, 2026 – The management of the Homann Holzwerkstoffe GmbH has today decided to revise its full-year forecast in light of weaker-than-expected half-year results. In the first half of the year, Homann Holzwerkstoffe reported provisional revenues in line with the previous year at around EUR 194.4 million (previous year: EUR 195.0 million) and an adjusted EBITDA of EUR -1.4 million (previous year: EUR 22.1 million). The main factors behind the weaker results were subdued demand from the furniture industry, continued high operational start-up losses in Lithuania, and massive cost increases resulting from the Middle East conflict – particularly for chemicals, timber, energy and transport, in some cases exceeding 50% – which weighed on results in the first half of the year. Adjusted for the effect of start-up losses, EBITDA adjusted for currency effects amounted to EUR 13.9 million. Since June, the cost increases have largely been passed on to customers and a slight recovery in demand has been recorded, so that an improvement in the earnings situation is expected in the second half of 2026.

In response to the lower-than-expected earnings performance in the first half of the year, management has decided to limit start-up losses by temporarily adjusting capacity at the plant in Pagiriai, Lithuania, until the market recovers on a sustainable basis. The company expects this measure alone to reduce operating losses at the plant in Pagiriai in the second half of the year by between EUR 5 and EUR 6 million compared with the first half of 2026.

For the 2026 financial year, the Homann Holzwerkstoffe GmbH now expects revenues to be roughly on a par with the previous year (previous year: EUR 383 million) and adjusted EBITDA of between EUR 10 and EUR 15 million. Adjusted for start-up losses, adjusted EBITDA is expected to be between EUR 34 and EUR 39 million (previous year: EUR 54 million). Until now, the management – subject to the impact of ongoing geopolitical uncertainties such as the Middle East conflict, with associated cost increases for chemicals, timber, energy and transport – had anticipated a moderate year-on-year increase in revenues and adjusted EBITDA.

Invitation to a webcast for bondholders

The Homann Holzwerkstoffe GmbH invites the bondholders of the corporate bond (ISIN: NO0013536169, WKN: A4DFTR) to an

Investor webcast on August 19, 2026 at 10.00 am.

During the webcast, the management of Homann Holzwerkstoffe GmbH will explain the current market situation and its impact on the company’s business performance. There will also be an opportunity to ask questions. Bondholders can register for the investor webcast by emailing homann@ir-on.com.

The full half-yearly report will be published as planned on September 11, 2026.

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

 

Press/ Investor Relations:
IR.on AG
Karolin Bistrovic, Fabian Kirchmann
T +49 221 9140 97-36
homann@ir-on.com