DMG Mori announces record order intake and revenue in 2018

Order intake rose by 8% to €2,975.6 million. Sales revenues increased by 13% to €2,655.1 million. Earnings before interest and taxes (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.

Chairman of the Executive Board Christian Thönes commented: "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, digitisation and additive manufacturing. Here we see great chances."

DMG Mori highlighted how 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.

DMG Mori www.dmgmori.com