Machine tools Profits increase for DMG Mori Seiki
Japan/Germany - DMG Mori Seiki AG yesterday announced its first-quarter earnings after taxes increased to €19.5m from €18.0m reported last year.
According to the company, sales revenues rose 7% to €538.4m from €505.1m generated last year. Order intake reportedly fell to €587.2m, 2% below the previous year.
For the second quarter, the company expects a positive business development. DMG Mori Seiki expects important impulses for the order intake, especially from the Asia trade fairs.
The company confirmed its forecast for the financial year 2015. It is expecting an order intake of around €2.4bn. Based on solid order backlog, it is planning with sales revenues of around €2.25bn.
With the announcement of the voluntary public tender offer from DMG Mori Seiki Company Ltd. on 21 January 2015 and an offer price of €27.50, the share noted a jump in the stock price on the next day to reach € 28.82 (+12.6%).
At the end of the first quarter, the share closed at a price of €30.60. The share currently lists € 31.25 (24 April 2015).