Dürr proposes dividend increase to € 1.85 per share
Bietigheim-Bissingen, March 16, 2016 – Dürr AG intends to pay a dividend of € 1.85 per share for the financial year 2015. In relation to the previous year (€ 1.65 per share), this is equivalent to 12.1% growth. The Supervisory Board today adopted a corresponding proposal together with the Management Board for the Annual General Meeting scheduled to be held on May 4, 2016.
The increase to € 1.85 would be the sixth dividend increase in succession. At 34.6 million no-par-value shares, this results in a total payout of € 64.0 million for 2015 (previous year: € 57.1 million), a new all-time high. This results in a slight increase in the payout ratio, to 38.4% of the Group’s net profit for the year, which increased by € 16.3 million in 2015, to € 166.6 million.
Ralf W. Dieter, CEO of Dürr AG: “The good result in fiscal 2015 was achieved thanks to the gratifying performance of Dürr and Schenck as well as to the rising contribution to earnings being generated by the HOMAG Group. The higher dividend is intended to allow our shareholders to participate in the success story of the financial year 2015.”
The workforce also benefits from the positive business development in 2015. All full-time employees covered by collective pay scale agreements at German locations of Dürr and Schenck will receive a profit participation amounting to € 2,750 in April.
Dürr’s 2015 Annual Report will be released at www.durr.de on March 17, 2016 and will be available in print format as of mid-April.
The Dürr Group is one of the world’s leading mechanical and plant engineering companies. Dürr products, systems and services provide the basis for highly efficient production processes in different industries. Business with automotive OEMs and components suppliers generates roughly 60% of its sales revenues. Other sectors which Dürr addresses include mechanical engineering, the chemical and pharmaceutical industry and – following the acquisition of the HOMAG Group in October 2014 – the woodworking industry. Dürr has 92 business locations in 28 countries. With just under 15,000 employees, the Group generated sales revenues of € 3.77 billion in 2015. The Group operates in the market via five divisions:
- Paint and Final Assembly Systems: paintshops and final assembly systems for the automotive industry
- Application Technology: robot technologies for the automated application of paint, sealants and adhesives
- Measuring and Process Systems: balancing and cleaning equipment as well as testing and filling technology
- Clean Technology Systems: exhaust-air purification systems and energy efficiency technology
- Woodworking Machinery and Systems: machinery and equipment for the woodworking industry