DMG MORI SEIKI Has a Good Start to 2014
The first quarter was according to plan for the DMG MORI SEIKI AKTIENGESELLSCHAFT. Order intake amounted to € 601.2 million (+16%), compared with € 518.7 million in the previous year‘s period. Sales revenues rose to € 505.1 million (previous year: € 466.1 million). The earnings situation continued to develop positively: EBITDA amounted to € 39.5 million (previous year: € 28.1 million), EBIT reached € 28.4 million (previous year: € 17.0 million) and EBT was € 26.1 million (previous year: € 15.1 million). As at 31 March 2014, the group reported earnings after taxes of € 18.0 million (previous year: € 10.4 million).
Sales revenues in the first quarter were € 505.1 million and thus exceeded the previous year’s figure by € 39.0 million (€ 466.1 million). Domestic group sales revenues increased by 12% to € 168.8 million and international sales revenues rose by 7% to € 336.3 million. The export ratio was 67% (previous year: 68%).
Highlights:
- Order intake increased by 16% to € 601.2 million (previous year: € 518.7 million).
- Sales revenues were € 505.1 million (+8%; previous year: € 466.1 million).
- EBT increased to € 26.1 million (+73%; previous year: € 10.4 million).
- Earnings after taxes climbed to € 18.0 million (previous year: € 10.4 million).
- Cooperation strengthens market presence and product development.
In the first quarter, order intake was € 601.2 million and thus 16% above the previous year (€ 518.7 million). Domestic orders amounted to € 222.7 million (previous year: 163.7 million); international orders amounted to € 378.5 million (previous year: € 355.0 million). Thus the proportion of foreign business amounted to 63% (previous year: 68%) in the first quarter of the financial year.
On 31 March 2014, order backlog within the group was € 1,128.0 million.
The DMG MORI SEIKI group was able to improve its key earning figures as of 31 March 2014 against the previous year: EBITDA amounted to € 39.5 million (previous year: € 28.1 million), EBIT amounted to € 28.4 million (+67 %; previous year: € 17.0 million) and EBT reached € 26.1 million (previous year: € 15.1 million). As of 31 March 2014, the group reports earnings after taxes of € 18.0 million (previous year: € 10.4 million).
Investments in intangible assets and plant, property and equipment were € 20.4 million during the first three months (previous year’s figure: € 10.6 million).
On 31 March 2014, the group had 6,937 employees of whom 205 were trainees (31 Dec. 2013: 6,722). The number of employees has thus risen by 215. At the end of the first quarter, there were 3,831 domestic employees (55%) and 3,106 employees (45%) working for the international companies. Personnel costs amounted to € 121.6 million (previous year’s period: € 114.3 million). The personnel expenses ratio was 23.0 % (previous year’s period: 23.0%).
The share price of DMG MORI SEIKI AKTIENGESELLSCHAFT was quoted at the start of the year at € 23.02 (2 Jan. 2014) and closed at the end of the first quarter at € 22.24 (31 March 2014). The current share price is € 22.63 (30 April 2014).
