{"id":8522,"date":"2016-05-27T06:33:51","date_gmt":"2016-05-27T06:33:51","guid":{"rendered":"http:\/\/mfgtechupdate.com\/?p=8522"},"modified":"2016-05-27T06:33:51","modified_gmt":"2016-05-27T06:33:51","slug":"dmg-mori-confirms-annual-forecast-for-2016","status":"publish","type":"post","link":"https:\/\/mfgtechupdate.com\/dmg-mori-confirms-annual-forecast-for-2016\/","title":{"rendered":"DMG MORI confirms annual forecast for 2016"},"content":{"rendered":"<ul>\n<li>Sales revenues amounted to \u20ac 541.4 million ( previous year : \u20ac 538.4 million)<\/li>\n<li>Order intake reached \u20ac 591.6 million ( previous year : \u20ac 587.2 million)<\/li>\n<li>EBT was \u20ac 25.8 million (previous year: \u20ac 27.9 million)<\/li>\n<li>Earnings after taxes amounted to \u20ac 18.1 million ( previous year: \u20ac 19.5 million)<\/li>\n<\/ul>\n<p>Bielefeld. The year started off according to plan for DMG MORI<\/p>\n<p>AKTIENGESELLSCHAFT: In the first quarter, order intake amounted to \u20ac 591.6 million and was thus at about the previous year\u2019s level (\u20ac 587.2 million). Sales revenues amounted to \u20ac 541.4 million (previous year: \u20ac 538.4 million). As in the previous year, EBITDA amounted to \u20ac 42.4 million, EBIT reached \u20ac 28.0 million (previous year: \u20ac 30.0 million) and EBT was \u20ac 25.8 million (previous year: \u20ac 27.9 million). As of 31 March 2016, the group reported earnings after taxes of \u20ac 18.1 million (previous year: \u20ac 19.5 million).<\/p>\n<p>Sales revenues\u00a0in the first quarter were \u20ac 541.4 million and thus exceeded the previous year\u2019s figure (+ 1%; \u20ac 538.4 million). Domestic group sales revenues were \u20ac 184.6 million (previous year: \u20ac 184.7 million), international sales increased by 1% to \u20ac 356.8 million. As in the previous year, the export share amounted to 66%.<\/p>\n<p>In the first quarter,\u00a0order intake\u00a0reached \u20ac 591.6 million and was thus at about the previous year\u2019s level (\u20ac 587.2 million). Domestic orders amounted to \u20ac 199.0 million (previous year: \u20ac 207.7 million). International orders amounted to \u20ac 392.6 million (previous year: \u20ac 379.5 million). Thus the share of foreign business rose to 66% (previous year: 65%).<\/p>\n<p>As of 31 March 2016, the\u00a0key income figures\u00a0of the DMG MORI group developed as follows: As in the previous year,\u00a0EBITDA\u00a0amounted to \u20ac 42.4 million,\u00a0EBIT\u00a0was \u20ac 28.0 million (previous year: \u20ac 30.0 million) and\u00a0EBT\u00a0reached \u20ac 25.8 million (previous year: \u20ac 27.9 million). As of 31 March 2016, the group reports\u00a0earnings after taxes\u00a0of \u20ac 18.1 million (previous year: \u20ac 19.5 million).<\/p>\n<p>Investments\u00a0in property, plant and equipment and intangible assets in the first three months amounted to \u20ac 10.8 million (previous year\u2019s value: \u20ac 25.4 million). Here, particularly the already started projects to strengthen our worldwide sales and service presence were a priority.<\/p>\n<p>Expenses for\u00a0research and development\u00a0amounted to \u20ac 10.9 million in the first quarter (previous year: \u20ac 11.1 million). In financial year 2016, we are presenting a total of\u00a012 new developments\u00a0together with our Japanese partner. In the era of\u00a0Industrie 4.0, we place particular focus on integrated technology and software solutions. Our app-based control and operating software, CELOS, allows us to currently offer our customers the key factor for an intelligent, networked production.<\/p>\n<p>On 31 March 2016, the group had 7,491\u00a0employees\u00a0of whom 275 were trainees. The number of employees remained almost constant compared to the end of 2015 (31 Dec. 2015: 7,462). At the end of the first quarter, there were 4,074 domestic employees (54%) and 3,417 employees (46%) working for the international companies. Personnel costs amounted to \u20ac 139.3 million (previous year: \u20ac 135.8 million).<\/p>\n<p>The\u00a0share price\u00a0of DMG MORI AKTIENGESELLSCHAFT at the start of the year was quoted at \u20ac 37.05 (04 January 2016). At the end of the first quarter, the share closed at a price of \u20ac 40.92 (31 March 2016).<\/p>\n<p><strong>Current<br \/>\n<\/strong>On 6 April 2016, DMG MORI COMPANY LIMITED announced that it had increased its direct and indirect shareholding in DMG MORI AKTIENGESELLSCHAFT to 76.03%. Moreover, at a Supervisory Board meeting, it announced its intention to conclude a domination and profit transfer agreement. Against this background, the Executive Board of DMG MORI AKTIENGESELLSCHAFT has decided in coordination with the Supervisory Board to postpone the Annual General Meeting convened for 6 May 2016 to a later date.<\/p>\n<p><strong>Forecast<br \/>\n<\/strong>The global machine tool market\u00a0is expected to grow only modestly in 2016. The German Machine Tool Builders\u2019 Association (VDW) and the British economic research institute Oxford Economics expect in their latest forecast (status: April 2016) a growth of\u00a0global consumptionby only 1.9% to reach \u20ac 68.6 billion. As in the previous years, the autumn forecast (2015: +4.1%) was significantly corrected downward; currently, this year by 2.2 percentage points.<\/p>\n<p>In the\u00a0financial year 2016, we continue to expect a volatile economic development. Influence factors for the cyclical development and thus, also for the investment tendency of companies are further declining growth dynamics in Asia and persisting exchange rate fluctuations between the international currencies.<\/p>\n<p>We confirm our forecast for financial year 2016.\u00a0We are expecting a slightly better order intake than in the previous year and are planning again\u00a0sales revenues\u00a0of around \u20ac 2.3 billion.\u00a0EBT\u00a0will be significantly below the high level of the record year 2015. We are also expecting a slightly improved positive free cash flow. As a result of DMG MORI COMPANY LIMITED intending to conclude a domination and profit transfer agreement, we are unable, at present, to make any comments on a\u00a0dividend\u00a0payment for financial year 2016.<\/p>\n<p>DMG MORI AKTIENGESELLSCHAFT<br \/>\n<span style=\"line-height: 1.5;\">The Executive Board<\/span><\/p>\n<p><a href=\"http:\/\/mfgtechupdate.com\/wp-content\/uploads\/2016\/05\/Screen-Shot-2016-05-25-at-3.49.34-pm.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8523 size-full\" src=\"http:\/\/mfgtechupdate.com\/wp-content\/uploads\/2016\/05\/Screen-Shot-2016-05-25-at-3.49.34-pm.png\" alt=\"Screen Shot 2016-05-25 at 3.49.34 pm\" width=\"537\" height=\"261\" srcset=\"https:\/\/mfgtechupdate.com\/wp-content\/uploads\/2016\/05\/Screen-Shot-2016-05-25-at-3.49.34-pm.png 537w, https:\/\/mfgtechupdate.com\/wp-content\/uploads\/2016\/05\/Screen-Shot-2016-05-25-at-3.49.34-pm-300x146.png 300w\" sizes=\"auto, (max-width: 537px) 100vw, 537px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales revenues amounted to \u20ac 541.4 million ( previous year : \u20ac 538.4 million) Order intake reached \u20ac 591.6 million ( previous year : \u20ac 587.2 million) EBT was \u20ac 25.8 million (previous year: \u20ac 27.9 million) Earnings after taxes amounted to \u20ac 18.1 million ( previous year: \u20ac 19.5 million) Bielefeld. The year started [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,1],"tags":[365,461],"class_list":["post-8522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cnc","category-uncategorized","tag-cnc","tag-dmg-mori"],"_links":{"self":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/8522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/comments?post=8522"}],"version-history":[{"count":0,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/8522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media\/8538"}],"wp:attachment":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media?parent=8522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/categories?post=8522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/tags?post=8522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}