Interim Report 1st Quarter 2013 (IFRS)
Dürr achieves good start to fiscal 2013
- Incoming orders match high previous-year level
- Record order backlog: € 2.48 billion
- Operating result: +21.6%
Bietigheim-Bissingen, May 7, 2013 – Dürr accomplished a successful start to the year 2013, recording a constant level of strong demand in the first quarter. Incoming orders, at € 680.4 million, were slightly higher than the previous year’s good result, and up by 5.9% compared with the fourth quarter of 2012. Sales, at € 542.5 million, turned out 3.5% lower than in the first quarter of 2012, due to billing effects. With a book-to-bill ratio of 1.25, the order backlog reached an all-time high of € 2.48 billion. This corresponds roughly to one year's sales. Earnings before interest and taxes (EBIT) increased by 21.6%, to reach € 36.0 million; the EBIT margin reached 6.6% (Q1 2012: 5.3%). Earnings after taxes saw a disproportionately strong improvement by 32.0%, to € 22.7 million, thanks to an improved financial result.