Despite this, DMG MORI’s shares only fell by 2% after the results were published, indicating an understanding among investors that the company is now progressing towards a return to annual growth. In response, DMG MORI has raised its order forecast for 2021 from €1.7 billion to €2 billion, and its overall revenue guidance from €1.7 billion to €1.8 billion.Ĭompared to the €708 million in orders the firm achieved back in Q1 2019, it’s still 17% off the pace, and its consolidated revenue of €422 million in Q1 2021, remains 8% short of the €458 million reported in Q1 2020. Thanks to renewed demand from the company’s core target markets, its order intake rose significantly in Q1 2021, from the €440 million generated in Q1 2020 to €590 million. Leading machine tool manufacturer DMG MORI AKTIENGESELLSCHAFT (ETR: GIL) has announced that it saw a 34% increase in customer orders during Q1 2021.
