DMG Mori off to a good start in the 1st quarter of 2023

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DMG Mori has reported that it got off to a good start in the 1st quarter 2023 with order intake reaching €787.4m (-9%; previous year: €861.6m) and sales revenue up 4% to €586.2m (previous year: €561m).

Chairman of the Executive Board of DMG Mori Christian Thönes said: “In 2023, we made a successful start with the Open House in Pfronten under continued difficult conditions worldwide. This is thanks to a strong team and together, we continue to go full speed ahead.

"For the EMO in Hanover, DMG Mori has a large number of further innovations, new sustainable technology, automation and digitization solutions in the pipeline for platform-based end-to-end solutions of networked manufacturing.”

DMG Mori said the worldwide market for machine tools continued to be characterised by major global challenges and restraint in capital goods. At DMG Mori, orders for almost all sectors increased positively.

Demand from the more than 6,000 international trade visitors was also high at the traditional Open House in Pfronten. Furthermore, DMG Mori recorded over 2,000 qualified offers as well as new technology partnerships.

In the first three months, order intake reached €787.4m and was 9% below the all-time high of the previous year (€861.6m). Compared to the immediately preceding quarter, orders rose significantly by +40% (Q4 2022: €564.1m).

Domestic orders amounted to €242.3m (-1%; previous year: €243.6m). Foreign orders totalled €545.1m (-12%; previous year: €618m). The foreign share was 69% (previous year: 72%).

Sales revenues grew to €586.2m despite the continued difficult materials and logistics situation and were +4% higher than the previous year (€561m. The export ratio was 63% (previous year: 68%).