DMG Mori Seiki AG posts higher profit as orders slip

DMG MORI

28/04/2015 06:33

FRANKFURT, April 28 (Reuters) - DMG Mori Seiki AG  GILG.DE , 
the German machine-tool maker in which Japan's DMG Mori Seiki Co 
Ltd  6141.T  recently acquired a majority stake, posted an 8 
percent gain in quarterly net income but order intake slipped as 
some customers postponed orders. 
    The group formerly known as Gildemeister said quarterly net 
income rose to 19.5 million euros ($21.2 million), above the 
16.4 million euro average estimate in a Reuters analyst poll. 
 ID:nL8N0XO3LP  
    First-quarter order intake declined 2 percent to 587.2 
million euros. 
    "For the second quarter, we plan with an order intake above 
the level of the previous year. We expect important impulses 
from the trade fairs in Asia," it said. 
    ($1 = 0.9189 euros) 
 
 (Reporting by Ludwig Burger; Editing by Maria Sheahan) 
 ((ludwig.burger@thomsonreuters.com; +49 69 7565 1311; Reuters 
Messaging: ludwig.burger.thomsonreuters.com@reuters.net)) 
 
Keywords: DMG MORI RESULTS/