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Interim Statement 1st quarter 2017 (IFRS)

Dürr with a successful start to 2017

  • 20% increase in operating EBIT on 8% higher sales
  • Order intake slightly up on the previous year’s very high level

Bietigheim-Bissingen, May 11, 2017 – Dürr posted a substantial increase in sales and earnings in the first quarter of 2017, accompanied by very high order intake. At € 1,056.1 million, new orders slightly exceeded the previous year’s peak figure (€ 1,048.5 million). Whereas consolidated sales climbed by 8.0% to € 891.4 million, EBIT grew by 49.4% to € 87.7 million, with EBIT margin widening from 7.1 to 9.8%. EBIT includes extraordinary income of € 22.7 million from the sale of cleaning technology specialist Dürr Ecoclean. Adjusted for extraordinary effects, operating EBIT rose by 20.4% to € 67.2 million, resulting in an operating EBIT margin of 7.5% (Q1 2016: 6.8%). Net profit increased by 62.0% to € 62.6 million. Ralf W. Dieter, CEO of Dürr AG: “Dürr got off to a good start to the new year. HOMAG is performing very well within the Dürr Group and helped to make up for the more moderate order intake in automotive business. As the year progresses, capital spending in the automotive industry should pick up again. The trend towards electromobility will generate additional demand for production technology.”