DMG MORI announces strong FY results and new initiatives for 5-axis MC

On February 13, 2018, DMG MORI announced the fiscal year ended December 2017. Based on International Financial Reporting Standards (IFRS), net sales increased 14.1% year-on-year to 429,664 million yen. Operating income increased 15-fold year-on-year to 29,391 million yen. Income before income taxes was 24,800 million yen. Net income was 15,676 million yen. Net income attributable to owners of the parent was 15,263 million yen. Sales and profit increased significantly under favorable market conditions. For fiscal 2018, the company is targeting sales of 450 billion yen. This target is the same as the target set in the medium-term management plan “2020 Vision,” and if realized, it will be achieved two years ahead of schedule.
New initiatives were also announced. To promote the 5-axis control machining center in the Japanese market, DMG Mori will loan the 5-axis MC “DMU 50 3rd Generation” to 50 companies nationwide for one year. In addition, lecturers will be sent on a regular basis. “The share of 5-axis machines in the MC market is about 50% in Europe, but only about 15% in Japan. We first want to expand the use of 5-axis machines and make them popular,” says Masahiko Mori, President of DMG Mori.