The corona pandemic continues to impact the overall economic situation and is causing a strong decline in the global demand for machine tools. Also DMG MORI has not been able to avoid its consequences: order intake, sales revenues and earnings in the first six months of 2020 were significantly below the high figures of the previous year. Order intake reached € 784.0 million (previous year: € 1,412.3 million). Sales revenues were € 838.0 million (previous year: € 1,276.4 million). Despite the difficult market and economic conditions, the results of operations were positive: EBIT amounted to € 33.2 million (previous year: € 103.4 million). The EBIT margin was 4.0% (previous year: 8.1%).
Demand for machine tools declined significantly, due in particular to the corona pandemic. In the second quarter of 2020, and under severely difficult market and business conditions, DMG MORI recorded order intake of € 343.8 million (-51%; previous year: € 704.0 million). The previous year’s figure includes orders from the Energy Solutions division, which was divested in 2019. The adjusted, comparable order intake for 2019 amounted to € 595.1 million. Thus order intake fell in the core business with machine tools and services in the second quarter of 2020 by -42%. In the first half year we achieved order intake of € 784.0 million (-44%; previous year: € 1,412.3 million).
Adjusted for Energy Solutions, order intake amounted to € 1,280.8 million in the previous year. This corresponds to a decrease of -39%. Domestic orders were € 220.5 million (previous year: € 402.9 million). International orders amounted to € 563.5 million (previous year: € 1,009.4 million). Thus the share of international orders amounted to 72% (previous year: 71%).
Christian Thönes, Chairman of the Executive Board said: “Due to the corona crisis, our customers are speeding up the transition to the digital factory. This strengthens our intention to further expand our future fields of Automation, Digitization and Additive Manufacturing. Investing in innovations, and especially in digitization, 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.”
