DMG MORI sets course for the future

DMG MORI held up well in financial year 2016 despite a difficult market environment: Order intake of € 2,369.9 million reached a new record high (previous year: € 2,282.8 million). Although the worldwide market for machine tools was in decline at -1.7%, DMG MORI rose order intake by 4%. By the concentration on the core business with machine tools and services, DMG MORI set the course for the future. This includes measures for a new sales and service structure worldwide, optimising production capacity and sale of companies that do not form part of the core business operations.

All figures are provisional; they are subject to audit and the approval of the financial statements by the Supervisory Board.
Order intake grew increasingly positive over the course of the year: After orders in the third quarter had already surpassed the level reached in the previous four quarters by 12%, order intake rose in the fourth quarter of 2016 to € 610.3 million – an increase of 13% (previous year’s quarter: € 540.8 million). Over the whole year order intake increased by 4% to € 2,369.9 million (previous year: € 2,282.8 million). In the reporting year DMG MORI thus achieved the highest order intake so far in the
146 years of company history.

Forecast 2017
The current forecast for machine tools assumes moderate growth in 2017 despite considerable uncertainties. The VDW (German Machine Tool Builders’ Association) and the British economic research institute, Oxford Economics, currently expect consumption worldwide to grow by 2.1%. DMG MORI is expecting a difficult international market environment in the current
financial year. To be positioned optimally for the individual markets and the associated challenges, the worldwide sales and service structure has been realigned. Since January, DMG MORI Aktiengeselshaft has been managing the home market Germany, the EMEA region (Europe, Middle East, Africa) and the Indian and Chinese markets. DMG MORI Company Limited is responsible for its home market Japan, the USA and the remaining regions in Asia and the Americas. This new structure ensures fast decisions to suit the specific markets; it improves efficiency not only for DMG MORI but more especially for our customers.

As “Global One Company“, DMG MORI is strengthening its competitive standing on the world markets. Together we are focusing on our core business of machine tools and services. “Global One” stands for integration, innovation and quality.
We have started the new financial year well and as expected as regards order intake. We expect particular stimulus to come in February from our traditional Open House in Pfronten – the industry highlight at the start of the year. Further
details of business development in 2017 will be announced at the balance sheet press conference on 9 March 2017.

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