DMG MORI revises full-year order forecast upward

August 22, 2024

Full-year order forecast raised to 530 billion yen

On July 31, DMG MORI announced its financial results for the first half of the fiscal year ending December 2024. The company, which applies International Financial Reporting Standards (IFRS), reported a 5.7% year-on-year (YoY) increase in net sales to 263.717 billion yen and a 2.8% YoY increase in operating income to 23.213 billion yen. Despite recording a one-time loss in the first quarter related to the exclusion of its Russian manufacturing subsidiary from consolidation, the company posted a net loss of 933 million yen. Based on current order trends and increased orders in the spare parts and service business, DMG MORI has revised its consolidated full-year order forecast upward to 530 billion yen from the original forecast of 520 billion yen. The company has maintained its full-year forecasts for net sales, operating income and net income.

Production Expansion in India

In conjunction with the financial results announcement, DMG MORI announced that it will begin local production of the “NHX 6300 I” horizontal machining center (MC) in India in July 2024. Since 2019, the company has been outsourcing the production of vertical machining centers to Lakshmi Machine Works in India. With the addition of the horizontal machining center to the production lineup, DMG MORI plans to increase its annual production capacity in India from the current 60 units to 100 units by next year.