DMG Mori Machine tool giant reports strong growth from Jan.-March

The first quarter of 2014 has met expectations, according to DMG Mori Seiki.

Related Companies

DMG Bielefeld Vertriebs und Service GmbH

Heun Funkenerosion GmbH

AMETEK GmbH Division Creaform Deutschland

DIPROFIL Diamantprodukter AB

The company said order intake rose 16% to €601 million versus the year-earlier period. Sales revenues rose to €505 million from € 466 million.

Another additive-milling unit shows demand for hybrids

The company noted earnings continued to develop positively, with EBITDA reaching €39.5 million versus € 28.1 million in Q1 2013. As at 31 March 2014, the group reported earnings after taxes of €18.0 million, a sharp rise from €10.4 million last year.

Domestic orders surged to €223 million from €164 million, and international orders gained slightly to €379 million from €355 million. “Thus, the proportion of foreign business amounted to 63%,” the company said, noting that this represented a decline from 68% in the first quarter of last year. On 31 March 2014, order backlog within the group was € 1,128 million, the company reported.

(ID:42681929)