As of 30 September, orders from Germany amounted to €582.0 million (previous year €681.9 million), while foreign orders totalled €1,426.4 million (previous year €1,588.7 million).
Total assets amounted to €2,598.3 million as of 30 September 2019. On the same date, 7,333 employees, including 371 trainees, were employed by the group.
The worldwide market for machine tools is expected to continue losing momentum throughout the remainder of 2019. Global economic weakness, the trade conflict between the US and China, as well as structural changes within industry, are burdening business in the mechanical engineering sector.
As expected, the Association of German Machine Tool Builders (VDW) and British economic research institute Oxford Economics have significantly revised down forecasts in their latest October publication. Worldwide consumption is now expected to fall in 2019 for the first time in three years, by 3% to €71.5 billion. Nevertheless, DMG Mori reaffirms its forecasts for 2019. For the current financial year, the company is still planning an order intake of around €2.6 billion and sales revenues of around €2.65 billion. EBIT is expected to be approximately €200 million and free cash flow around €150 million.
