In the third quarter 2016,In the third quarter 2016, DMG Mori Aktiengesellschaft saw a positive development with € 601.4 million or +12% in its order intake (previous year: € 538.7 million). We have thus exceeded the order intake for the last four quarters. The successful autumn trade fairs also contributed to this. Sales revenues amounted to € 536.6 million (previous year: € 558.6 million).
- Sales revenues in the third quarter amounted to € 536.6 million (previous year: € 558.6 million). For the first nine months, sales revenues were € 1,629.1 million (previous year: € 1,648.8 million). International sales revenues were € 1,100.0 million (previous year: € 1,098.7 million). Domestic sales revenues were € 529.1 million (previous year: € 550.1 million). The export quota amounted to 68% (previous year: 67%).
- In the third quarter, order intake developed positively: At € 601.4 million or +12%, the company exceeded the figure for the last four quarters (previous year´s quarter: € 538.7 million).
- Investments in property, plant and equipment and intangible assets in the first nine months amounted to € 44.6 million (previous year’s value: € 80.1 million).
- Expenses for research and development amounted to € 33.7 million (previous year: € 34.4 million).
- The share price at the start of the third quarter was quoted at € 42.28 (1 July 2016) and closed at a price of € 43.34 at the end of the reporting period (30 September 2016).
Forecast
The global economy is still marked by uncertainties. We expect market conditions for machine tools to remain difficult. The global market for machine tools is expected to decrease in 2016. The German Machine Tool Builders´ Association (VDW) and the British economic research institute Oxford Economics now expect in their latest forecast (status: October 2016) a decline of global consumption by 1.7% to € 67.4 billion (forecast in April: +1.9%).
However, for the year as a whole, we are still expecting a slight improvement in order intake compared to last year. We are planning sales revenues of around € 2.25 billion. EBT shall amount to around € 95 million. The earnings trend is marked by one-time effects due to the realignment measures already initiated and planned. Regardless of business performance, the domination and profit transfer agreement ensures the payment of a “guaranteed dividend” of € 1.17. In addition, we are expecting a slight positive free cash flow.
The further growing together to form a globally integrated machine tool company enables us to consolidate our competitive position in global markets. As a ‘Global One Company’, we are focusing on our core business in the machine tool and service segments. As part of this strategy, we reorganise our global sales and service. We will specifically develop our product portfolio and optimise our production capacities. “Global One” stands for integration, innovation and quality.
