DMG MORI reports decline in profit for fiscal year 2024

February 13, 2025

On February 5, DMG MORI announced its financial results for the fiscal year ending December 2024. Under International Financial Reporting Standards (IFRS), the company reported sales revenues of 540.9 billion yen, a slight increase of 0.3% year-on-year (YoY). However, operating profit fell 21.0% YoY to 43.7 billion yen, while net income plunged 77.3% YoY to 7.7 billion yen. The significant decline in net income was attributed to a one-time loss resulting from the seizure of the company’s manufacturing subsidiary in Russia.

The company’s consolidated order intake decreased 4.6% YoY to 496.0 billion yen. However, its high-value-added strategy called “Machining Transformation (MX)” gained traction with customers, resulting in a 14.7% YoY increase in the average order price per unit to 71 million yen in Japanese yen terms.

For the fiscal year ending December 2025, DMG MORI forecasts a 6.9% YoY increase in new orders to 530.0 billion yen and a 5.7% YoY decrease in sales to 510.0 billion yen. Operating profit is expected to decrease 13.1% YoY to 38.0 billion yen, while net income is forecast to increase 159.7% YoY to 20.0 billion yen.

In addition, the company outlined its long-term vision for 2030, setting ambitious targets of 800.0 billion yen in sales and 120.0 billion yen in operating profit. President Masahiko Mori stated, “We have already made substantial progress in laying the groundwork to achieve these targets.”