Good results from machine tool manufacturer

The Gildemeister Group achieved its best ever financial performance in 2000, while DMG (UK) has also got off to a flying start in the first six months of 2001

The Gildemeister Group achieved its best ever financial performance in 2000.

Consolidated sales soared by 34%, from Euro 232.9 million to Euro 923.3 million.

The Group is particularly pleased that despite intensive competition, it was able to increase its international market presence.

Export sales grew by 56%, from Euro 158.5 million to Euro 439.9 million.

Total exports now represent 48% of output - an increase of 41% on last year.

Deckel Maho milling machines, machining centres and laser machines were again responsible for 50% of sales.

Although not the premier financial performers, turning machines and centres nevertheless recorded an increase of 29% from 21% in the previous year.

The Group e-business also showed impressive returns particularly in relation to universal machine sales and the provision of technical services.

In line with expectations, this upward trend has continued into the 2001 business year.

Order intake, sales and profit increased again in the first quarter.

Orders totalling Euro 315.3 million were received - +57% on 2000 - with consolidated sales in that period amounting to Euro 233.3 million (+51%).

The company is naturally expecting a significant sales boost from the up-and-coming EMO 2001 Exhibition.

Several new products will be featured, a trend set last year with the introduction of no less than 20 new machining concepts.

DMG (UK) Ltd., have also got off to a flying start in the first six months of 2001.

Order intake is up 22% on last year and revenue is up 28%.

With the UK market only predicted to grow 3.6% this year according to the MTTA, this is clearly an excellent achievement.

The second half of the year is underway and there is no sign of the 'talked up ' recession affecting the progress.

Richard Blake, Managing Director of DMG UK, states, "everyone is talking about a recession in manufacturing and the temptation is to believe it.

We have decided not to participate in it!".

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