DMG MORI records strong growth in H1 2019

DMG MORI AKTIENGESELLSCHAFT reported a high level of steady business development in the first six months of 2019 despite an increasingly difficult market environment. As planned, order intake achieved € 1,412.3 million (-10%; previous year: € 1,577.1 million). Sales revenues hiked by 5% to € 1,276.4 million (previous year: € 1,215.1 million). EBIT increased by 11% to € 103.4 million (previous year: € 93.0 million).

The EBIT margin improved to 8.1% (previous year: 7.7%). Free cash flow rose by 22% to € 81.9 million (previous year: € 67.2 million).“The first half of the year went well for DMG MORI – despite declining demand. Once again we confirm the forecasts for the full year. We look forward to the EMO in September and present a firework of innovations— especially in the future fields of automation, digitization and additive manufacturing,“ said Chairman of the Executive Board, Christian Thönes.

In the second quarter, order intake developed steadily at the high level of the previous quarters despite the increasingly difficult market environment and, as planned, reached € 704.0 million (-7%; previous year: € 755.3 million). In the first half year we achieved order intake of €1,412.3 million (-10%; previous year: €1,577.1 million). Domestic orders were € 402.9 million (previous year: € 453.2 million). International orders amounted to € 1,009.4 million (previous year: € 1,123.9 million). Thus, the share of international orders amounted to 71% as in the previous year.

Sales revenues increased in the second quarter to € 647.2 million (+2%; previous year: € 633.3 million). At the end of the first half year, sales revenues achieved a new record high of € 1,276.4 million (+5%; previous year: € 1,215.1 million). International sales revenues grew by +7% to € 887.5 million (previous year: € 830.3 million).

Domestic sales revenues amounted to € 388.9 million (+1%; previous year: € 384.8 million). The export share was 70% (previous year: 68%). Alongside the good earnings performance, the financial position once again developed positively: free cash flow increased by +22% to € 81.9 million (previous year: €67.2 million).