DMG Mori achieves order intake rise 62% in first nine months of 2021

1 min read

​DMG Mori said that it achieved high growth rates in the first nine months of 2021 with order intaking rising 62% to €1,928.6m (previous year: €1,187.8m).

Sales revenues increased by 11% to €1,450.9m (previous year: €1,305.3m. The earnings and financial situation also continued to develop positively: EBIT rose to €83.7m (+57%; previous year: €53.4m. The EBIT margin improved to 5.8% (previous year: 4.1%). As at 30 September 2021 free cash flow reached a new record level of €149m (+326%; previous year: -€65.8m).

Christian Thönes, chairman of the executive board: "DMG Mori convinces with stable growth – and that with new challenges every day, such as material, logistics and delivery shortages. Our strategic fit of automation, digitization and sustainability is a complete success.

"This is also reflected in our key figures. The EBIT margin improved to 8.0% in the third quarter and free cash flow reached a record level as of September. We are therefore raising our forecasts for 2021 again."

DMG Mori said the global market for machine tools continued to recover but was characterised by increasing material and supply shortages. DMG Mori achieved a significant increase in order intake by 68% in the third quarter 2021 (previous year: €403.8m).

In particular, the new machine business grew notably by 84%. Overall, orders rose to €679.9m, even +14% above the high pre-corona level 2019 (€596.1m).

As at 30 September 2021, order intake increased by 62% to €1,928.6m (previous year: €1,187.8m). Thus, the core business with machine tools and services in the first nine months was even above the high pre-crisis level of 2019 (+3%; €1,875.7m).

Domestic orders increased by +70% to €585.8m (previous year: €344.6m). International orders were up by +59% to €1,342.8m (previous year: €843.2m). The share of international orders amounted to 70% (previous year: 71%).