Machine Tools DMG Mori confirms annual forecast
Germany - DMG Mori Aktiengesellschaft has confirmed its annual forecast. Sales revenues are expected to amount to around €2.25bn in 2015. After a good Q3, DMG Mori expects rising sales and earnings contributions for Q4.
As at 30 September, DMG Mori Aktiengesellschaft was able to increase sales revenues by 6% to €1,648.8m (previous year:€1,562.4m). According to the company, Q3 order intake was slightly higher than in the previous year at €1,742m (previous year: €1,740.8m). As at 30 September 2015, the group recorded earnings after taxes of €75.1m (+2%; previous year: €73.7m). Positive impulses were largely received from the Asian markets China and Korea, DMG Mori said. In Europe, demand for machine tools was strong in Italy and France.
For 2015, the company expects sales revenues to amount to €2.5bn. In general, the worldwide market for machine tools will decline in the year 2015 according to the latest forecasts,DMG Mori said. According to October 2015 forecasts, VDW and the British economic research institute Oxford Economics expect a decline in global consumption by 4.3% to €59.3bn (forecast of April 2015: +3.3% to €64.0bn). Also consumption in Germany will likely be slightly lower (-0.3%) in the year 2015.
DMG Mori intends to increase the share of its Services division further with its globally leading service range and thereby ultimately its earning power. According to the machine tool builder, its activities also aim at the advancement of complex services for the improvement of productivity of its installed machine tools, as well as the development of products to raise the scheduled service calls.