DMG MORI increased sales and profits, but orders are currently sluggish

October 7, 2019

DMG MORI announced the financial results of the second quarter of December 2019 at the head office in Nakamura-ku, Nagoya and global headquarters in Koto-ku, Tokyo on August 6, 2019.

The sale was 238.646 billion yen, increased by 1.4% year on year, operating profit was 20.022 billion yen, increased by 27.0% year on year, the profit before income taxes was 17.03 billion yen, increased by 25.2% year on year, and net profit was 10.673 billion yen, increased by 20.1% year on year.

DMG MORI succeeded in proposing 5-axis and multi-tasking machine, and a system that adds automated equipment to machines. The order price per machine increased 5% from the previous year to approximately 37 million yen. The sales and profits increased, but the company had been affected by the economic downturn. The orders in the first half of the fiscal year were 223.4 billion yen, down 21.7% from the same period of the previous fiscal year.

Dr. Masahiko Mori president (photo) said, “the orders are bottoming out now. There is little impact on our second half production because we have a certain backlog. However, some users postpone their capital investment seeing the state of politics. It will take six months to one year until market conditions is good.”

Source: SEISANZAI MARKETING Magazine September 2019 issue