Press Release Financial Reports
10.03.2016|Best result and highest sales revenues in the company's history

DMG MORI with another record year

Financial year 2015:

  • Sales revenues rose by 3% to € 2,304.7 million ( previous year : € 2,229.0 million)
  • EBIT rose to € 185.9 million ( previous year : € 182.6 million)
  • Earnings before taxes (EBT) added 24% to reach € 217.3 million ( previous year : € 175.3 million)
  • Annual profit increased by 32% to € 159.6 million ( previous year: € 121.1 million)
  • Proposed dividend : € 0.60 per share

Bielefeld. The DMG MORI group can look back on a good financial year 2015. Under volatile market conditions, we succeeded in generating the best result and the highest sales revenues in the company’s history. We have increased sales revenues compared to the previous year by 3% to € 2.3 billion and EBIT to € 185.9 million (+2%). EBT rose by 24% to € 217.3 million.

Sales revenues were the highest in the company's history with € 2,304.7 million. This was € 75.7 million or 3% above the record level of the previous year (previous year: € 2,229.0 million). International sales revenues increased by 6% to € 1,542.6 million; domestic sales revenues amounted to € 762.1 million. The export share was 67% (previous year: 65%).

The DMG MORI group could again improve its key earnings figures over the previous year and achieved the best result in the company's history: EBITDA rose by 5% to € 243.1 million (previous year: € 232.5 million); EBIT amounted to € 185.9 million (previous year: € 182.6 million). EBT rose by 24% to € 217.3 million (previous year: € 175.3 million). EBT was influenced positively in the fourth quarter by a one-off effect of profit (€ 37.8 million) received from the sale of shares held in DMG MORI COMPANY LIMITED. Nonetheless, EBT rose by € 4.2 million to € 179.5 million, even without this extraordinary effect. Annual profit in the group reached € 159.6 million (+32%; previous year: € 121.1 million). We have thus achieved the highest values in the company's history in all key earnings figures.

Equity rose by € 91.4 million to € 1,357.5 million (previous year: € 1,266.1 million). Theequity ratio was 59.4% (previous year: 56.8%).

On 31 December 2015, the group employed 7,462 employees including 320 apprentices (previous year: 7,166 employees). The number of employees rose by 296. In the “Machine Tools“ segment we have primarily hired new staff at our location in Ulyanovsk. The growing division Advanced Technologies at SAUER GmbH had received additional staff. The number of employees in the “Industrial Services“ segment was increased in particular at our local sales and services companies in Germany, Africa, India, Italy and France, as well as at the DMG MORI Spare Parts.

The share of DMG MORI AKTIENGESELLSCHAFT proved relatively stable in the course of the year in comparison to the volatility in the capital markets. Over the year, the securityshowed a plus of 61.2% and ranked 3 rd place with this share performance in the MDAX. The MDAX increased by 22.5% in the same period.

With the announcement of the voluntary public tender offer from DMG MORI COMPANY LIMITED on 21 January 2015, the share noted a jump in the stock price to € 28.82 (+12.6%). At the time of expiry of the voluntary public tender offer on 13 April 2015, DMG MORI COMPANY LIMITED held an initial majority stake of 52.5 %. As part of its publication of its consolidated financial statements 2015, DMG MORI COMPANY LIMITED announced on 10 February 2016 that its shareholdings amounted to 60.67% as of 31 December.

The year 2016 opened with a share price of € 37.05 (4 Jan. 2016). At the moment, our shares are quoted at € 37.17 (XETRA-based closing price on 7 March 2016). Market capitalisation rose in the reporting year by € 1,149.2 million or 62% to € 3,001.4 million (reference date: 30 Dec. 2015) and thus achieved the highest value in the 145 year history of the company.

Outlook 2016:

The German machine tool industry started the year 2016 with cautiously positive expectations. VDW and Oxford Economics expect growth of 4.1% for the worldwide machine tool market.

For the first quarter 2016, we are expecting order intake of around € 600 million. For the year overall, we are planning slightly higher order intake than in the previous year. In the first quarter 2016 we are expecting sales revenues approximately at the previous year’s level; for the year overall, we are again planning sales revenues of around € 2.3 billion. In the first quarter EBT will be slightly below the previous year’s level; for the year overall the result will probably be significantly below the high level of the previous year.

For the financial year 2016, we still expect a volatile economic development overall. Together with our Japanese partner DMG MORI COMPANY LIMITED, we are in a strong strategic position to successfully tackle the challenges ahead.

The Executive Board

Der Vorstand

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:This press release contains statements relating to the future, which are based on current estimates by 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, which could lead to the actual future circumstances including the assets, liabilities, financial position and profit or loss of DMG MORI AKTIENGESELLSCHAFT differing materially from or being more negative than that those expressly or implicitly assumed or described in these statements. The business activities of DMG MORI AKTIENGESELLSCHAFT are subject to a series of risks and uncertainties, which may result in forward-looking statements estimates or forecasts becoming 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 stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of future developments or events contained therein.

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 Nagoya, Japan. This release refers exclusively to DMG MORI AKTIENGESELLSCHAFT. If reference is made in this release to the “DMG MORI group”, this refers exclusively to the DMG MORI AKTIENGESELLSCHAFT and its group companies.