DMG MORI with best 1st quarter for order intake and results

• Order intake rose by 17% to € 693.9 million:
  highest quarterly value in the company’s history (previous year: € 591.6 million)
• Sales revenues amounted to € 533.9 million (previous year: € 541.4 million)
• Earnings figures significantly increased compared to the previous year
• EBT improved to € 33.0 million (+28%; previous year: € 25.8 million)
• Earnings after taxes rose to € 22.8 million (+26%; previous year: € 18.1 million)

Bielefeld. DMG MORI AKTIENGESELLSCHAFT started this year successfully: The positive development of order intake continued at the beginning of the year 2017. Order intake rose by 17% to € 693.9 million in the first quarter (previous year: € 591.6 million). At this, we reached the highest quarterly value in the company's history. Adjusted for the effects from the realignment among others, the changed sales and service structure in Asia and America – we even recorded a plus of 24%. Sales revenues reached € 533.9 million and were thereby slightly below the value in the previous year of € 541.4 million. Adjusted for effects from the realignment, sales revenues are 4% higher than the comparable value of the previous year. Our earnings figures developed very positively: EBITDA improved by 15% to € 48.7 million (previous year: € 42.4 million). EBIT increased by 23% to € 34.3 million (previous year: € 28.0 million). EBT even rose by 28% and at € 33.0 million (previous year: € 25.8 million), it reached the highest value that we have ever achieved in the first quarter of any year. As at 31 March 2017, the group reports earnings after taxes of € 22.8 million (previous year: € 18.1 million). CEO Christian Thönes: “The best order intake und the best results confirm the successful implementation of the realignment.”

Order intake rose by 17% in the first quarter to € 693.9 million (previous year: € 591.6 million). At this, we reached the highest quarterly value in the company's history. Adjusted for the effects from the realignment – among others, the changed sales and service structure in Asia and America – we even recorded a plus of 24%. Domestic orders amounted to € 208.6 million (previous year: € 199.0 million). International orders amounted to € 485.3 million (previous year: € 392.6 million). Thus the share of foreign business rose to 70% (previous year: 66%). 

Sales revenues in the first quarter reached € 533.9 million and were thereby slightly below the value in the previous year of € 541.4 million. Adjusted for effects from the realignment, sales revenues are 4% higher than the comparable value of the previous year. The export quota amounted to 70% (previous year: 66%).

As of 31 March 2017, the key income figures of the DMG MORI group developed as follows: EBITDA amounted to € 48.7 million (previous year: € 42.4 million), EBIT was € 34.3 million (previous year: € 28.0 million) and EBT reached € 33.0 million (previous year: € 25.8 million). As of 31 March 2017, the group reports earnings after taxes of € 22.8 million (previous year: € 18.1 million).

Expenses for research and development in the first quarter amounted to € 11.9 million (previous year: € 10.9 million). One core topic of our research and development is automation. Our goal for the future is to make it possible for every DMG MORI machine to be equipped with automation. With innovative software solutions we are shaping the future for Industry 4.0. We have already prepared our machine tools for digitization in recent years with CELOS, the app-based control and operating software. With the founding of the start-up ISTOS we have expanded our digitization expertise. DMG MORI is specifically strengthening its future technologies in ADDITIVE MANUFACTURING. With powder bed selective laser melting we are now bringing the most important generative production processes for metallic materials together under one roof. For this purpose we acquired 50.1% of REALIZER GmbH at the beginning of the year. This strategic acquisition is the perfect complement to our Advanced Technologies.

2017 is the year of innovations for DMG MORI: In the financial year 2017, we intend to present 18 world premieres together with DMG MORI COMPANY LIMITED. At this year’s industry highlight – the EMO in Hanover – we will present eight of these world premieres and numerous innovations from the fields of automation, digitization and ADDITIVE MANUFACTURING.

On 31 March 2017, the group employed 6,894 employees, including 278 trainees (31 Dec. 2016: 7,282 employees). The reduction essentially results from the sale of the shares in the sales and service companies in Asia – except China and India – as well as America to DMG MORI COMPANY LIMITED. At the end of the first quarter, there were 4,046 domestic employees (59%) and 2,848 employees (41%) working for the international companies.

The share of DMG MORI AKTIENGESELLSCHAFT gained further in value in the first quarter (+5%). In the stock market year 2017, it was initially quoted at € 43.78 (2 January 2017) and closed at a price of € 45.83 on 31 March 2017. The market capitalization rose by 6% or € 210.4 million to € 3.61 billion (record date: 31 March 2017).

Forecast

The global economy has stabilized despite political insecurities and gained momentum at the beginning of the year. Global consumption of machine tools according to the most recent forecast (April 2017) by VDW and Oxford Economics, is to grow by 3.2% this year.

At present, we confirm our forecast for the financial year 2017. As before, we are planning around € 2.3 billion in order intake and around € 2.25 billion in sales revenues. EBT shall amount to around € 130 million. Furthermore, we expect a free cash flow of around € 40 million. Depending on a sustainable market recovery, we will check at midyear whether we can revise our forecast upwards for the financial year.

DMG MORI AKTIENGESELLSCHAFT
The Executive Board