Investor Relations

Interim Financial Report January 1 to June 30, 2014 (IFRS)

Dürr confirming targets for 2014

  • High order intake in the second quarter
  • EBIT margin of 8.4% in the first half of the year in line with targets
  • 9.4% increase in order backlog since the end of 2013

Bietigheim-Bissingen, July 31, 2014 – At the end of the first half of 2014, Dürr is confident of achieving its full-year targets. After a strong second quarter, mid-year order intake stood at € 1,271.5 million, in line with the year-ago level (€ 1,293.5 million) as planned. EBIT climbed by 8.3% in the first half of the year to € 89.2 million. At 8.4%, the EBIT margin reached the full-year target corridor of 8.0 to 8.5%. Ralf W. Dieter, CEO of Dürr AG: “At this stage, there is much to suggest that order intake for 2014 will come in at the top end of our target range of € 2.3 to 2.5 billion. Our customers’ capital spending pipeline remains well filled. Similarly, we expect the EBIT margin to reach the top end of the target corridor.” Sales in the first half of the year fell short of the previous year by 6.3%. However, looking forward over the next few months, Dürr expects them to pick up and assumes that the lower end of the target range of € 2.4 to 2.5 billion will be reached by the end of the year. The order backlog has increased by 9.4% since the end of 2013 to € 2,351.6 million and is sufficient to ensure capacity utilization until well into next year.

Interim report 1st quarter 2014 (IFRS)

Solid start to the year for Dürr

  • Operating earnings up 23% on steady sales
  • Muted order intake but well-filled project pipeline for the second half of the year
  • Positive outlook for full-year 2014

Bietigheim-Bissingen, May 6, 2014 - The Dürr Group entered 2014 on a solid note. With sales holding steady (€ 538.2 million), operating earnings (EBIT) rose by 23% to € 44.2 million in the first quarter of 2014. The EBIT margin widened from 6.6% in the year-ago period to 8.2%. As a result, Dürr has already reached its full-year target range of 8.0 - 8.5% for 2014 in the first quarter. As expected, the order intake of € 564.4 million was 17% down on the previous year’s high level, which had been influenced by an above-average order volume in China. The ample orders on hand of € 2,160.8 million will ensure good capacity utilization until well into 2015. Ralf W. Dieter, CEO of Dürr AG: “Our project pipeline is well filled, with the automotive industry planning numerous investments in China in particular. In view of the timing of contract awards, we expect order intake to accumulate in the second half of the year. Sales should also rise steadily in the course of the year.”