Dmg Mori Co., Ltd. Provides Earnings Guidance for the Year Ending December 31, 2023 and Year Ending December 31, 2024
February 09, 2022 at 10:49 pm EST
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DMG Mori Co., Ltd. provided earnings guidance for the year ending December 31, 2023 and year ending December 31, 2024. At the present stage, the company is forecasting sales of around ¥450 billion, operating profit of around ¥45 billion, an operating profit margin of over 10%, and net profit of around ¥28 billion for the fiscal year ending December 31, 2023, setting new peaks for consecutive years.
In fiscal 2024, The company expects sales to grow to ¥480 billion, operating profit of around ¥50 billion and net profit of around ¥31 billion.
DMG MORI CO., LTD. is a Japan-based company mainly engaged in the provision of total solutions that include machine tools, software, measuring instruments, service support, applications and engineering. The Company operates in two segments. The Machine Tool segment is engaged in the manufacture and sale of machine tools such as machining centers, turning centers, compound processing equipment and 5-axis processing equipment. The Industrial Services segment is engaged in the provision of related services for machine tools, the manufacture and sale of measurement equipment, as well as the development and sale of software such as user interfaces, technology cycles and embedded software, and hardware such as image processing products.
DMG MORI CO., LTD. 
