Press Release Financial Reports
11.02.2019|Order intake, sales revenues, EBIT and free cash flow at historical high

DMG MORI completes 2018 with new record values



  • Order intake rises again by 8% to € 2,975.6 million (previous year: € 2,754.8 million)
  • Sales revenues of € 2,655.1 million are 13% above the previous year (€ 2,348.5 million)
  • EBIT goes up by 21% to € 217.1 million (previous year: € 180.1 million)
  • Free cash flow improves by 8% to € 154.2 million to (previous year: € 142.4 million)


Bielefeld // DMG MORI AKTIENGESELLSCHAFT can look back on a very successful financial year 2018. Order intake, sales revenues, EBIT and free cash flow reached record values. Order intake rose by +8% to € 2,975.6 million. Sales revenues increased by +13% to € 2,655.1 million. EBIT went up by 21% to € 217.1 million. This corresponds to an EBIT margin of 8.2%. Free cash flow improved by € 11.8 million to € 154.2 million.

All figures are provisional and subject to audit and the approval of the financial statements by the Supervisory Board.

Chairman of the Executive Board Christian Thönes says: "DMG MORI has continued to develop positively − technologically, structurally and culturally. We have once again shown our innovative power. Our record levels of order intake, sales revenues, EBIT and free cash flow confirm our course. With dynamic and excellence, we continue to drive forward our future fields of automation, digitization and ADDITIVE MANUFACTURING. Here we see great chances."

Order intake rose to € 2,975.6 million and – at +8% - was once again higher than in the previous year (€ 2,754.8 million). Orders in the fourth quarter totaled € 705.1 million (previous year’s quarter: € 666.2 million). Domestic orders grew by +7% to € 882.6 million for the full year (previous year: € 825.7 million). International orders amounted to € 2,093.0 million (+9%; previous year: € 1,929.1 million). The share of international orders was 70% as in the previous year.

Sales increased by +13% to € 2,655.1 million (previous year: € 2,348.5 million). In the fourth quarter, sales revenues rose to € 797.4 million (+15%; previous year: € 692.3 million). The export quota amounted to 69% (previous year: 70%).

We also achieved further growth in earnings: EBITDA improved by +11% € 280.8 million (previous year: € 252.9 million). EBIT rose by +21% to € 217.1 million (previous year: € 180.1 million). At 8.2%, the EBIT margin exceeded the previous year's level (7.7%). EBT increased by +22% to € 214.8 million (previous year: € 176.4 million). As of 31 December 2018, the group reported an EAT of € 149.5 million − an increase of 26% (previous year: € 118.4 million).

In the fourth quarter, EBITDA amounted to € 96.6 million (previous year: € 90.1 million). EBIT increased to € 74.0 million (previous year: € 60.9 million) and EBT rose to € 73.1 million (previous year: € 60.0 million). In the fourth quarter the group reports EAT of € 50.2 million (previous year: € 37.9 million).

In addition to the good results of operations, the financial position also developed positively in the whole year: Free cash flow improved by +8% to € 154.2 million (previous year: € 142.4 million).

 

Forecast 2019 //

The global economy continues to be marked by worldwide uncertainties, such as the trade conflict between the US and China, the possible disorderly EU exit from the UK as well as the current debt situation in Italy. According to forecasts by VDW and Oxford Economics from October 2018, worldwide machine tool consumption is expected to grow at a slower rate of +3.6% in 2019 (previous year: +8.5%). The trend of decreasing dynamics which has already begun to emerge in autumn of 2018 is thus continuing. In view of the existing geopolitical uncertainties, it cannot be ruled out that the forecasts will be adjusted.

Our unique combination of dynamic and excellence in the “Global One Company” forms a solid basis for the future and for changing market conditions. We will publish further information regarding business development at the Balance Sheet Press Conference on 12 March 2019.

DMG MORI AKTIENGESELLSCHAFT
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Forward-looking statements: This press release contains forward-looking statements, which are based on current estimates of the management regarding future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors that could cause the actual circumstances including the results of operations, financial position and net worth of DMG MORI AKTIENGESELLSCHAFT to differ materially from or be more negative than those expressly or implicitly assumed or described in these statements. The business activities of DMG MORI AKTIENGESELLSCHAFT are subject to a range of risks and uncertainties, which may likewise render a forward-looking statement, estimate or forecast inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results expressed, expected, anticipated, intended, planned, aimed at, estimated, projected or implied in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.
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There are two companies using the name “DMG MORI“: DMG MORI AKTIENGESELLSCHAFT with registered office in Bielefeld, Germany, and DMG MORI COMPANY LIMITED with registered office in Nara, Japan. DMG MORI AKTIENGESELLSCHAFT is (indirectly) controlled by DMG MORI COMPANY LIMITED. This release refers exclusively to DMG MORI AKTIENGESELLSCHAFT. If reference is made in this release to “DMG MORI“, this refers exclusively to DMG MORI AKTIENGESELLSCHAFT and its controlled companies within the meaning of Section 17 of the German Stock Corporation Act (Aktiengesetz – AktG). If reference is made to "Global One Company", this refers to the joint activities of DMG MORI COMPANY LIMITED and DMG MORI AKTIENGESELLSCHAFT including all subsidiary companies.

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