Dürr expects to reach sales of € 3.7 to 3.9 billion in 2018 despite the sale and deconsolidation of Dürr Ecoclean. Order intake should move in a range of € 3.6 to 3.9 billion. The EBIT margin before extraordinary effects is expected to reach 7.4 to 7.8 %, which is approximately the same level as in the previous year. From today´s perspective, EBIT margin should reach between 7.0 to 7.5 %.
In detail: Group outlook
|Actual 2017||Forecast for 2018|
|Order intake||€ m||3,876.0||3,600 - 3,900|
|Orders on hand |
|€ m||2,516.3||2,200 - 2,700|
|Sales revenues||€ m||3,715.4||3,700 - 3,900|
|EBIT margin||%||7.8||7.0 - 7.5|
|EBIT margin before special item||%||7.6||7.4 - 7.8|
|ROCE||%||39.51||30 - 40|
|Net finance expense||€ m||- 19.8||slightly better|
|Tax rate||%||25.3||27 - 28|
|Earnings after tax||€ m||201.5||180 - 200|
|Cash flow from operating activities||€ m||119.8||higher than previous year|
|Free cash flow||€ m||14.3||significantly higher than previous year|
|Net financial status|
|€ m||191.5||240 - 280|
|€ m||659.9||690 - 730|
|Capital expenditure2||€ m||88.0||75 - 85|
1 Including the effects from the disposal of Ecoclean
2 On property, plant and equipment and on intangible assets (excluding acquisitions)
Light vehicle production forecast
As a supplier of production lines, in particular for the automotive as well as the furniture industry, Dürr depends on the investment behavior of the manufacturer. This is largely determined by the expected production in the coming years.
in m units3
3 Light vehicles production
Source: PwC, Autofacts, last update: January 2018
Markets for woodworking machinery
in m units4
Furniture production breakdown: strong growth in markets for rest of decade
4 Source: CSIL, Euroconstruct, Holzbauverband, competitor data, regional expert evaluation
Dürr intends to distribute 30 to 40% of net income.
Dividend per share
This publication has been prepared independently by Dürr AG/Dürr group (“Dürr”). It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in Dürr's disclosures, in particular in the chapter “Risks” in Dürr's annual report. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of Dürr may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.
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