Germany – At the recent Annual General Meeting of Maschinenfabrik Berthold Hermle AG, the Management Board announced that the company has performed better than expected in the first five-month period of 2017.
Group turnover was recorded at €155.7 m, a 7% increase over the same period last year (€146.1 m), registering a domestic volume of €72.1 m (previous year: €61.9 m) and an overseas business volume of €83.6 m (previous year: €84.2 m).
Incoming orders across the Group went up 11% amounting to €168 m (previous year: €150.7 m), of which €66.1 m (previous year: €65.6 m) was from domestic customers, while €101.9 m (previous year: €85.1 m) came from abroad.
The Board is confident that the Group turnover for the year 2017 could possibly match that of 2016.
News was positive too on the machine tool manufacturer’s two major projects that are on schedule; namely the construction work to extend the metal-cutting manufacturing facilities at Hermle's HQ in Gosheim that will be completed end summer 2017 and the start of production of machine beds at the new site at neighbouring Zimmern ob Rottweil has begun.
Approval was given also for Hermle’s increase on dividend payments: €0.80 per ordinary share and €.085 per preference share and shareholders will be paid a bonus of €12 per share, an increase of 20% over last year's €10.