DMG Mori report a "good performance" in Q3

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DMG Mori has reported that its strategic fit of automation, digitization and sustainability is "paying off" in revealing a "good performance" in its results for the 3rd quarter of 2022.

Order intake increased by 21% to an all-time high of €2,340.1m (previous year: € 1,928.6 million, sales revenues grow to €1,697.1m (+17%; previous year: €1,450.9m.

EBIT improved by 92% to €160.3m (previous year: €83.7m), EBIT margin rises to 9.4% (previous year: 5.8%) and  free cash flow at all-time high of €152m (+2%; previous year: €149m)

Chairman of the Executive Board Christian Thönes: “In an environment of major global challenges, DMG Mori once again achieves a good performance. With our strategic fit of automation, digitization and sustainability we have a strong position.

"Our customers benefit from high-quality, cost- and energy-efficient manufacturing technologies with high process integration. We will achieve our ambitious targets for 2022. We are even raising our forecast for order intake again.”

DMG Mori said the global market for machine tools "continued to be characterised by numerous exogenous challenges". In particular, the decreasing availability of gas, high inflation rates, rising interest rates and increasing costs for raw materials, transport, logistics as well as energy impacted demand.

In this difficult market environment order intake in the 3rd quarter at DMG Mori was at €664.9m only slightly below the record level of the previous year (-2%; € 679.9m) and even +12% above the high pre-corona level 2019 (€ 596.1m).

As of 30 September 2022, DMG Mori achieved a new all-time high in order intake: orders increased by +21% to €2,340.1m (previous year: € 1,928.6m).