Order intake reaches 787.4 million euros Successful start to the year for DMG Mori
The worldwide market for machine tools continued to be characterized by major global challenges and restraint in capital goods. However, at DMG Mori, orders for almost all sectors increased positively. Demand from the more than 6,000 international trade visitors was also high at the traditional Open House in Pfronten.
Chairman of the Executive Board of DMG Mori Christian Thönes: “In 2023, we made a successful start with the Open House in Pfronten under continued difficult conditions worldwide. This is thanks to a strong team and together, we continue to go full speed ahead. For the EMO in Hanover, DMG Mori has a large number of further innovations, new sustainable technology, automation and digitization solutions in the pipeline for platform-based end-to-end solutions of networked manufacturing.”
In the first three months of 2022, order intake reached 787.4 million euros and was thus -9 percent below the all-time high of the previous year (861.6 million euros). Compared to the immediately preceding quarter, orders rose significantly by +40 percent (Q4 2022: 564.1 million euros). Domestic orders amounted to 242.3 million euros (-1 percent; previous year: 243.6 million euros). Foreign orders totaled 545.1 million euros (-12 percent; previous year: 618.0 million euros). The foreign share was 69 percent (previous year: 72 percent).
Sales revenues grew to 586.2 million euros despite the continued difficult materials and logistics situation and were +4 percent higher than the previous year (561.0 million euros). The export ratio was 63 percent (previous year: 68 percent).
At 31 March 2023, the group had 6,920 employees, including 202 trainees (31 Dec. 2022: 6,833).
2023 remains demanding. Global challenges and geopolitical uncertainties are increasingly part of daily business and will continue to influence the market for machine tools. Sustainability is becoming increasingly important as an investment motive. The trend towards resource-saving production processes is benefiting DMG Mori. The early strategic focus on automation, digitization and sustainability was exactly right and currently fits better than ever. We will continue to dynamically advance this triple in the future.
After the good development in the first quarter and the successful start in Pfronten, the manufacturer is confident for 2023 despite a volatile market environment. DMG Mori AG therefore confirms the forecasts for the full year: Order intake is expected to reach around 2.45 billion euros. The company estimates sales revenues of around 2.35 billion euros. The company expects an Ebit of around 170 million euros. Free cash flow is to be around 80 million euros.
The current financial year is centered on the EMO – the world's biggest machine tool show: From 18 to 23 September, the company will be the largest exhibitor on 10,000 m2 presenting a wide range of innovations with a high degree of process integration for resource-saving, efficient production as well as new, sustainable technology, automation and digitization solutions. A special highlight is Celos X, the platform-based end-to-end shopfloor solution for the networked manufacturing of the future with a data-centric, scalable architecture.