DMG MORI (GIL) Q1 2025 earnings summary

Executive summary

• Order intake declined 15% year-over-year to €558.0 million amid a challenging market environment.

• Sales revenues fell 15% year-over-year to €468.7 million, reflecting lower demand.

• EBIT dropped to €19.7 million from €47.7 million, with EBIT margin halved to 4.2%.

• Free cash flow turned negative at €-75.9 million, down from €5.0 million a year ago.

• CEO remains confident in overcoming current challenges, citing strong innovation and future-oriented solutions.

Financial highlights

• EBITDA decreased to €38.4 million from €66.0 million year-over-year.

• EBT was €21.5 million, down from €49.9 million year-over-year.

• EAT improved to €15.3 million from €-56.5 million, as prior year included losses from discontinued operations.

• Personnel expenses slightly decreased to €155.8 million, with a higher personnel cost ratio of 33.6%.

Outlook and guidance

• 2025 expected to remain volatile with no stabilization in geopolitical conflicts.

• Forecasts confirmed: order intake €2.4–2.5 billion, sales revenues €2.2–2.3 billion, EBIT €150–160 million, free cash flow €110–130 million.

• Positive impulses anticipated in H2 from potential market recovery and EMO Hanover trade fair.

• Forecasts exclude potential compensation from investment guarantee for Ulyanovsk plant.