Investor Relations

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.”