Machine Manufacturer “Challenging, but successful”: DMG Mori exceeds forecasts for 2021
Germany — Chairman of the Executive Board of DMG Mori, Christian Thönes, described 2021 as “Challenging, but successful”. According to Thönes, the company was able to mitigate the economic consequences of the pandemic to a considerable degree and solve the global supply shortages for the most part.
The global market for machine tools was on course for recovery in 2021. This development was impacted by the ongoing pandemic, material availability and supply shortages, rising inflation as well as high raw material and transportation costs. Against this backdrop, DMG Mori registered an increase in order intake of 57 percent to 2,517.2 million euros (previous year: 1,599.4 million euros). New machine business in particular increased significantly by +71 percent. Overall, the core business with machine tools and services was even +5 percent above the high pre-corona level of 2019 (2,401.8 million euros). Domestic orders increased by +62 percent to 747.4 million euros (previous year: 462.0 million euros). International orders rose by +56 percent to 1,769.8 million euros (previous year: 1,137.4 million euros). The share of international orders was 70 percent (previous year: 71 percent).
Sales revenues rose by +12 percent to 2,052.9 million euros despite more difficult material supplies, increasing logistics shortages as well as high raw material and transport costs (previous year: 1,831.3 million euros). The export share was 68 percent (previous year: 70 percent). Pressure on supply chains was and remains high worldwide. Thanks to a stable, long-standing network with partners and suppliers, DMG Mori was able to ensure delivery capability and avoid serious production interruptions.
On 31 December 2021, the group had 6,821 employees, including 225 trainees (31 Dec. 2020: 6,672). Personnel expenses amounted to 522.7 million euros (previous year: 486.9 million euros). The personnel quota improved to 25.1 percent (previous year: 26.9 percent).
Together with DMG Mori Company Limited, the German subsidiary presented 26 innovations in 2021 — thereof 7 world premieres, 3 automation solutions, 15 digital innovations including 6 technology cycles and 1 DMG Mori Components.
According to the Chairman, sustainability and technology leadership are in harmony at DMG Mori. He pointed out that the company has both a CO2-neutral “Company Carbon Footprint” and a climate-neutral “Product Carbon Footprint”. This includes direct and indirect emissions from our own value creation as well as indirect emissions from upstream processes along the supply chain (scope 1, 2 and 3 upstream). All machines delivered since January 2021 have been produced completely climate-neutral.
2022 will again be marked by major challenges, in particular due to the development in the Ukraine, of which the consequences are not yet completely foreseeable at present. “DMG Mori strongly condemns the war of the Russian government against the Ukraine and has immediately stopped all deliveries of machines, spare parts, components and services to Russia as well as the production in Ulyanovsk,” Thönes said. In addition, the global economy is impacted by the ongoing corona pandemic, more difficult material supply as well as high raw material and energy costs.