SCHOPFLOCH, GERMANY - Homag Group AG, a manufacturer of woodworking machinery, declared 2011 a financial "success."

The operations of HOMAG Group AG were a success in 2011, and developed better than forecast, based on preliminary figures.

SCHOPFLOCH, GERMANY -- Homag Group AG reported third quarter sales of EUR 204.6 million ($279.5 million), a 19.6% increase over the same period in 2010.

HOMAG Group AG increased its sales revenue in the third quarter of 2011 by 20 percent to EUR 204.6 million compared to the prior year (EUR 171.0 million).