The Coronavirus pandemic continues to impact the overall economic situation and is causing a strong decline in the global demand for machine tools, and DMG Mori AG — based in Bielefeld, Germany — has been no exception, with order intake, sales revenues and earnings in the first six months of 2020 significantly below the high figures for the first six months of 2019.
Order intake reached 784.0 million euros (previous year: 1,412.3 million euros) and sales revenues were 838.0 million euros (previous year: 1,276.4 million euros).
However, DMG Mori said that despite the difficult market and economic conditions, the results of its operations were ‘positive’, with EBIT amounting to 33.2 million euros (previous year: 103.4 million euros) and the EBIT margin 4.0% (previous year: 8.1%).
Company chairman Christian Thönes said: “Due to the Corona crisis, our customers are speeding up the transition to the digital factory, strengthening our intention to further expand our future fields of automation, digitalisation and additive manufacturing.
“Investing in innovations, and especially in digialisation, is the only way out of the crisis. The economic situation is and remains challenging, but we are well positioned and will continue to have positive results.”
In the second quarter of 2020, and under severely difficult market and business conditions, DMG Mori recorded an order intake of 343.8 million euros.
This was down by 51% on Q2 of 2019, which included orders from the ‘Energy Solutions’ division, which was divested in 2019; the adjusted comparable order intake was 595.1 million euros.
Sales revenues were also affected by the Corona crisis and temporary part-shutdown at the European production plants in April. The resumption of production and assembly took place as planned on 4 May 2020. Sales revenues in the second quarter were 380.0 million euros, down 41% on Q2 of 2019.
On 30 June 2020, the order backlog amounted to 1,082.8 million euros (on 31 December 2019 this stood at 1,197.4 million euros), equating to five months of production capacity.
As at 30 June 2020, the group had 7,074 employees (of whom 287 were trainees), 171 fewer when compared with the 2019 year-end. Of these, 4,374 worked for DMG Mori’s domestic companies and 2,700 for its international companies.
There are two companies using the name DMG Mori.
They are DMG Mori AG with its registered office in Bielefeld, and DMG Mori Co Ltd in Nara, Japan. These figures relate to DMG Mori AG, which is indirectly controlled by DMG Mori Co Ltd.