The global market for machine tools continued to be characterized by geopolitical influences. Global supply and material bottlenecks, rising prices for raw materials, transportation, logistics and energy as well as high inflation, the ongoing war in Ukraine and the lockdown in parts of China influenced demand for capital goods. In this challenging market environment, DMG Mori achieved an order intake of EUR 813.6 million in the 2nd quarter, the best 2nd quarter in the company's history (+23%; previous year: EUR 658.9 million).

New machine business as a driving force

DMG Mori also set a new record for incoming orders in the first half of the year: orders rose by +34% to EUR 1,675.2 million (previous year: EUR 1,248.7 million). Incoming orders in the first six months thus not only exceeded the pre-corona level of 2019 (+19%; EUR 1,412.3 million), but were even +6% above the record level of 2018 (EUR 1,577.1 million). The new machinery business in particular performed well at +36%. Domestic orders increased to EUR 500.1 million (+31%; previous year: EUR 382.4 million). Orders from abroad rose to 1,175.1 million euros (+36%; previous year: 866.3 million euros). The foreign share amounted to 70% (previous year: 69%).

Sales increased by +10% to 562.6 million euros in the second quarter (previous year: 511.9 million euros). Despite the persistently difficult materials and logistics situation, which was further exacerbated by the lockdown in parts of China, sales increased by +20% to EUR 1,123.6 million (previous year: EUR 933.5 million). The increase is attributable to the good new machine, service and spare parts business. Thanks to its stable, long-standing network of partners and suppliers, DMG Mori has so far been able to avoid serious interruptions to production. Domestic sales amounted to 365.9 million euros (previous year: 299.4 million euros). Foreign sales amounted to 757.7 million euros (previous year: 634.1 million euros). The export ratio amounted to 67% (previous year: 68%).

Raised forecast for 2022

2022 will continue to be characterized by high volatility and uncertainty - shaped by the war in Ukraine, disrupted global supply chains, material shortages, high inflation and further increases in prices for raw materials, transport, logistics and energy. Added to this are rising interest rates, which affect the financing of capital goods, as well as a possible gas embargo with unpredictable economic consequences for the industry.

Due to the successful business development, DMG Mori is raising its forecast for order intake and free cash flow for the year as a whole: Order intake of around EUR 2.7 billion is now planned (previously: around EUR 2.5 billion). Sales are still expected to amount to around 2.3 billion euros. DMG Mori continues to expect EBIT of around 180 million euros. Free cash flow is expected to be around 150 million euros (previously: around 130 million euros). 2022 nevertheless remains challenging. The forecasts are still subject to the proviso that the global market and general conditions do not change significantly.