Machine tool construction /DMG Mori
Consistently in the black in the 2017 financial year
DMG Mori achieved record figures for incoming orders, turnover and free cash flow last year according to the preliminary figures. Earnings also increased significantly.
Incoming orders rose by 16% to around 2.8 million euros (previous year: 2.4 million euros). Adjusted for the effects of the realignment in 2016 - such as the changes to the sales and service structure in Asia and America - order intake even rose by 23%. In the fourth quarter, orders amounted to EUR 666 million (same quarter of the previous year: EUR 610 million). Orders from Germany increased by 8% to EUR 826 million (previous year: EUR 763 million). Orders from abroad amounted to EUR 1.9 million (previous year: EUR 1.6 million). The proportion of foreign orders thus increased to 70%. In the previous year it was 68%.
Sales rose by 4% to 2.34 million euros, also reaching a new record level (previous year: 2.27 million euros). Adjusted for the effects of the realignment, sales increased by 9% compared to the previous year. In the fourth quarter, sales rose by € 56 million or 9% to € 692 million (previous year: € 637 million).
DMG Mori also increased its earnings: EBITDA improved by 49% to € 253 million (previous year: € 170 million). EBIT increased by 73% to € 180 million (previous year: € 104 million). In the fourth quarter, EBITDA improved to € 90 million (previous year: € 23 million) and EBIT increased to € 61 million (previous year: € 0 million).
In addition to the good earnings situation, the financial position also developed positively over the year as a whole: Free cash flow improved by € 100 million to a record figure of € 142 million (previous year: € 43 million).
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