 |
|
|
 |
|
|
 |
|
|
 |
|
|
|
|
|||||||||||||
|
|||||||||||||
|
17 February 2010 Cautiously Optimistic Gildemeister Sees Turnaround
With an order intake of €58.5 million and 292 machines sold, the Gildemeister Group received a boost at the beginning of the year. Satisfying results at the nortec trade fair in Hamburg in January and at the traditional open house at Deckel Maho in Pfronten reflect a growing interest in investment in machine tools from DMG. At the nortec specialist fair for production technology, the company sold 29 machines (32% more than last time) and recorded an order volume of €5.1 million. Gildemeister mounted 12 exhibits for the predominantly northern German trade audience. The open house in Pfronten was pronounced a success, as well. The €53.4 million order intake and sale of 263 machines met company expectations and compared favourably with the previous year’s event, where orders amounted to €32.5 million. At this event, Gildemeister presented 55 exhibits in live operation over an area of 3,243 m2. These early-2010 successes build on the recovery signs that appeared in the fourth quarter of 2009. Last year, of course, was marked by worldwide economic crisis. The global machine tool market saw demand fall by 30%, while demand in Germany was down by 60%. Gildemeister’s order intake was 39% less in 2009 than in 2008, and sales revenue fell by 38%. The machine tool business specifically decreased by 51% in 2009. Nevertheless, fourth-quarter EBITDA, EBIT and EBT were all slightly positive. This fulfilled a corporate goal. While most performance numbers for the year were sharply down, reflecting the universal state of markets, Gildemeister’s order intake of €327.7 million in the fourth quarter of 2009 compared favourably with the €289.2 million realized in 4Q 2008. The service business did better than machine tools last year (though declining by 21%), and the solar business developed positively, increasing by 85%. The company reduced its workforce by 1,001 (–16%) from year-end 2008 to year-end 2009, with cuts coming particularly in the machine tools segment. Gildemeister begins the 2010 financial year with cautious optimism. Order intake, though still restrained, is rising. Investments in machine tools are increasing. The successful results at nortec and the Pfronten open house confirm that the company is following a good strategic plan. Though the recent strong decrease in order backlog in the machine tools business makes a short-term fall in sales revenues inevitable, the company feels that its quick reaction to the economic crisis has created a good starting position for recovery. For further information: DMG Vertriebs- und Service GmbH
|
|||||||
 |
|||||||
|
|
|||||||
| Tool-Moldmaking.com |
|||||||
