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28.05.2010

DGAP-News: Annual general meeting of HOMAG Group AG elects new supervisory board

Homag Group AG / AGM/EGM

28.05.2010 18:26

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Today, the annual general meeting of HOMAG Group AG elected the six
shareholder representatives to the supervisory board as scheduled. The
existing member Torsten Grede was reappointed. Dr. Horst Heidsieck, Hans
Fahr, Gerhard Federer, Dr. Dieter Japs and Thomas Keller were elected for
the first time. The six employee representatives on the supervisory board,
namely Reiner Neumeister, Reinhard Seiler, Ernst Esslinger, Hannelore
Knowles, Jochen Meyer and Carmen Hettich-Günther, were reappointed by the
court of registry. At the constituent meeting of the supervisory board
following the annual general meeting, Torsten Grede was confirmed as
chairman and Reiner Neumeister as his deputy. The annual general meeting
followed the proposal of the management board and supervisory board to
carry forward the total retained profit to new account. The full session of
the annual general meeting agreed to this and the other items of the agenda
with majorities of between 63.9 and 99.9 percent. Overall, around 290
shareholders attended the annual general meeting in Freudenstadt,
representing 81.4 of capital stock.

In his speech, CEO Rolf Knoll discussed the restructuring program
implemented by HOMAG Group to reduce the cost base, among other things.
According to Knoll, the success of this program is shown by the positive
start to the year, with encouraging results for Q1 2010 and a return to the
black. He is therefore confident that HOMAG Group will achieve a low,
positive result for the year in addition to making significant gains in


terms of revenue and order intake in the current year. Knoll also referred
to the strong increase in medium-term opportunities for growth on account
of the company's broad strategic position.


Background information
With its 16 specialized production companies worldwide, 20 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plants and machinery for the
woodworking and wood materials industry for the production of furniture and
construction elements as well as prefabricated houses. The group also
offers its customers a wide range of services in related areas for
production machines and equipment. HOMAG Group AG shares have been trading
on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007
and were listed on the SDAX of the German Stock Exchange on October 2007.


Disclaimers
This press release contains certain statements relating to the future.
Future-oriented statements are all those statements that do not pertain to
historical facts and events or expressions pertaining to the future such as
'believes', 'estimates', 'assumes', 'forecasts', 'intend', 'may', 'will',
'should' or similar expressions. Such future-oriented statements are
subject to risks and uncertainty since they relate to future events and are
based on current assumptions of the company, which may notoccur in the
future or may not occur in the anticipated form. The company points out
that such future-oriented statements do not guarantee the future; actual
results including the financial position and the profitability of the HOMAG
Group as well as the development of economic and regulatory framework
conditions may deviate significantly (and prove unfavorable) from what is
expressly or implicitly assumed or described in these statements. Even if
the actual results of the HOMAG Group including the financial position and
profitability as well as the economic and regulatory framework conditions
should coincide with the future-oriented statements in this press release,
it cannot be guaranteed that the same will hold true in the future.


Information:

HOMAG Group AG

Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller@homag-group.com
www.homag-group.com




28.05.2010 18:26 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------

Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info@homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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Firma: Homag Group AG

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