DMG MORI declares good results in the 3rd quarter of 2018

DMG MORI AKTIENGESELLSCHAFT looks back on a successful business performance in the first nine months with high rates of growth in order intake, sales revenues, results and free cash flow. Order intake rose by 9% to € 2,270.6 million. Sales revenues increased by 12% to € 1,857.3 million. EBIT amounted to €.143.1 million – an increase of 20%. Free cash flow improved by € 79.9 to € 115.5 million.

Chairman of the Executive Board Christian Thönes said, “DMG MORI is on track. We are dynamically pushing forward our future topics automation, digitization and ADDITIVE MANUFACTURING. We have thus recently extended and continuously digitized our production plant FAMOT in Poland.”

Order intake in the third quarter of 2018 amounted to € 693.5 million (previous year: € 704.4 million). As at 30 September, order intake rose by 9% to € 2,270.6 million (previous year: € 2,088.6 million). Domestic orders were
€ 681.9 million (+7%; previous year: € 639.3 million). International orders grew by 10% to € 1,588.7 million (previous year: € 1,449.3 million). International orders accounted for 70% of all orders (previous year: 69%).
Sales revenues increased in the third quarter by 17% to € 642.6 million (previous year: € 548.2 million). As at 30 September, sales revenues were up 12% at € 1,857.7 million (previous year: € 1,656.2 million). The export share was 69% as in the previous year.

On 30 September 2018 the order backlog amounted to € 1,705.8 million (31 Dec. 2017: € 1,309.1 million). The high order backlog and the very high capacity utilization at the production plants are causing long delivery times at present.

Earnings continued to develop positively: In the third quarter EBITDA reached € 63.7 million (previous year: € 55.5 million). EBIT amounted to € 50.1 million (previous year: € 41.6 million) and EBT increased to € 49.4 million (previous year: € 41.2 million). EAT was € 34.6 million (previous year: € 28.5 million). As at 30 September, EBITDA improved to € 184.2 million (+13%; previous year: € 162.8 million).