DMG MORI achieves sales of over 500 billion JPY

February 19, 2024

On February 5, DMG MORI revealed its financial results for the fiscal year ended December 2023. The company, which uses International Financial Reporting Standards, posted net sales of 539.4 billion yen, up 13.6% year-on-year (YoY); operating income of 54.1 billion yen, up 31.4% YoY; and net income of 33.9 billion yen, up 33.6% YoY.

The average unit price of orders received was increased 24.3% YoY to 61.9 million yen, and the average unit price in euro also increased significantly, up 12.7% YoY. This was the result of a series of initiatives the company calls “Machining Transformation (MX),” including process consolidation, automation and digital transformation (DX), which were well received by the customer base.

For FY2024, the company forecasts a 0.1% year-on-year increase in sales to 540 billion yen, a 5.3% year-on-year increase in operating income to 57 billion yen, and a 3.1% year-on-year increase in net income to 35 billion yen. President Dr. Masahiko Mori stated, “These are already visible figures that do not require downward revision”. Capital investment in the Americas has been active in areas such as space, aerospace, medical equipment and electric vehicles, and Europe has also performed well, according to the company.

President Dr. Mori said, “FY2028 is the 80th anniversary of our company, and by then sales will have grown to about 800 billion yen”.