Interim Report January 1 to September 30, 2008 (IFRS)

Dürr with record order backlog

  • Strong growth in sales, earnings and cash flow
  • Net financial debt close to nil
  • Outlook: Well equipped for the future despite market turbulence

Stuttgart, November 6, 2008 – At € 1,277.3 million, new orders booked by the Dürr Group in the first nine months were just short of the year-earlier level (€ 1,307.1 million). However, Dürr has deliberately refrained from taking on low-margin orders in its final assembly conveyor systems business. On an adjusted basis, order intake would have been up by about 2.5%. Driven by the continued buoyant demand from the automobile industry’s growth markets orders in the third quarter of 2008 were up 1.6% on the same quarter last year. Orders on hand rose by a further 10% versus the end of 2007 to € 1.2 billion and will keep capacities employed until well into next year. Earnings before interest and taxes (EBIT) improved in the first nine months of 2008 by 63.2% to € 43.9 million, rising more than proportionally compared to sales, which grew by 14.1% to € 1,157.9 million. Based on a strongly improved operating cash flow Dürr was able to reduce its net financial debt by € 154.0 million versus September 30, 2007 to € 17.5 million. For the full year 2008 the Board of Management expects sales to be up 10% and is maintaining its target of an EBIT margin of 5%. For 2009 Dürr expects a business volume comparable with that in 2008 and a further earnings improvement despite a more difficult operating environment. [...]

Press release 11/06/2008
Interim Report January 1 to September 30, (PDF 0.9 MB)
Presentation conference call (PDF 0.6 MB)

Interim financial report for the 1st half of 2008 (IFRS)

Dürr fully on track at the mid-year mark

  • Strong sales and earnings growth
  • Order backlog assures capacity utilization until mid-year 2009
  • Positive full-year outlook for 2008
  • Optimization of financial structure to continue

Stuttgart, August 7, 2008 – The Dürr Group achieved strong sales and earnings growth in the first half of 2008. While sales revenues were up 15.7% to € 752.7 million compared to the previous year’s period, earnings before interest and tax (EBIT) more than doubled to € 24.6 million. Earnings after tax were well into positive territory at € 10.8 million after just breaking even in the first half of 2007. Orders on hand grew by 8.4% to almost € 1.2 billion compared to the end of 2007 and will keep capacities well employed until mid-year 2009. For the full-year 2008 the plant and mechanical engineering company expects sales growth of up to 10% and an improvement in the EBIT margin to around 5% from 3.8% last year. At € 876.1 million, order intake in the first six months only slightly fell short of the previous year’s high level (€ 912.4 million). With a ratio of new orders to sales of 1.16, the book-to-bill ratio was again comfortably above 1. [...]

Press release 08/07/2008
Interim financial report for the 1st half of (PDF 0.7 MB)
Presentation conference call (PDF 0.2 MB)

Interim Report 1st Quarter 2008 (IFRS)

Dürr continues earnings improvement in the first quarter

  • EBIT more than tripled
  • Sales revenues up 17%
  • Incoming orders well above 2007 quarterly average
  • Positive outlook unchanged

Stuttgart, April 29, 2008 – The Dürr Group continued its positive business performance in the first quarter of 2008 with a further improvement in earnings. Sales revenues were up 17% to € 356.2 million, operating earnings (EBIT) rose more than proportionally to € 10.4 million (Q1 2007: € 3.0 million). In contrast to the previous years, earnings after tax, at € 4.5 million, and operating cash flow, at € 21.0 million, were already positive in the first quarter. At € 517.8 million, incoming orders were 16% above the average for the previous four quarters, and even 1.9% above the very high figure in the first quarter of 2007. CEO Ralf Dieter sees Dürr as fully on target: “We have taken a first important step towards raising the EBIT margin to 5% in 2008 as announced.” Dürr aims to increase sales revenues by up to 10%. [...]

Press release 04/29/2008
Interim Report 1st Quarter (PDF 0.6 MB)
Presentation conference call (PDF 0.2 MB)