Business figures for the first half and the second quarter of 2017 (IFRS)

Dürr with record order intake in the first half of the year

  • New orders after six months in excess of € 2 billion for the first time
  • Guidance for 2017 confirmed

Bietigheim-Bissingen, August 3, 2017 – Dürr posted a 4.5% increase in order intake to € 2,078.7 million in the first half of 2017, exceeding the € 2 billion mark after six months for the first time. This was chiefly due to the pick-up in new orders from the automotive industry in the second quarter. Moreover, the strong demand for woodworking machinery supplied by subsidiary HOMAG continued. Whereas Group sales climbed by 2.6% to € 1,751.3 million, EBIT grew by 21.2% to € 144.2 million. The EBIT margin widened from 7.0 to 8.2%, thus reaching the upper edge of the full-year target range of 7.5 to 8.25%. Adjusted for extraordinary effects of € 14.9 million, operating EBIT came to EUR 129.3 million, translating into an operating EBIT margin of 7.4% (previous year: € 119.5 million and 7.0%). Earnings after tax rose by 28.2% to € 99.7 million. Ralf W. Dieter, CEO of Dürr AG: “We are fully on track and also confident about the second half of the year; the project pipeline of our customers is well filled and we expect sales to grow more swiftly in the second half of the year. In addition, we are systematically pressing forward with the expansion of our digitization and Internet of Things activities.”