Increased results for DMG Mori in the first quarter 2019

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The first quarter of 2019 confirmed the business development forecast of DMG Mori for the year, with order intake at 708,3 million euro, slightly decreased by -14% as expected compared to the same period of 2018, marked by various major projects. Domestic orders amounted to 229 million euro, and international orders reached 479,3 million, accounting for a total of 68% or overall orders (69% on previous year).

Sales revenues in the first three months of 2019 increased by +8% to 629,2 million euro, maintaining an export ratio of 68%. Ebit went up significantly by +23% to 50,4 million, with Ebit margin improved to 8,0% and free cash flow of 31,5 million, highly above the previous year’s quarter, increased by +142%.

Expenses for R&D in the first quarter of the year amounted to 13,9 million euro, similar to the same period of 2018 (13,8 million), mainly focused on advancing in the field of automation, digitization and additive manufacturing.

In a global context with a general trend of an overall economic decline, with the machine tool market expected to grow by only +2,3% worldwide, DMG Mori confirms its forecast for the full year 2019, planning order intake of around 2,6 billion euro and sales revenues of around 2,65 billion. Ebit is expected to amount to around 200 million euro, and free cash flow to be around 150 million.

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