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Interim Statement 1st quarter 2018

Dürr with high order intake in the first quarter


•    5% increase in like-for-like order intake
•    Like-for-like sales up 4%
•    Full-year guidance confirmed
•    Increasing sales and earnings momentum expected in the course of the year
•    Project pipeline well filled

Bietigheim-Bissingen, May 16, 2018 – Dürr registered a continued positive trend in order intake in the first quarter of 2018. In like-for-like terms, i.e. adjusted for the sale of Dürr Ecoclean (industrial cleaning technology) and negative currency translation effects, new orders were up 4.6% on the record figure posted in the first quarter of 2017. In absolute figures, they were down slightly, dropping by 2.4% to € 1,019.1 million. Like-for-like sales climbed by 4.2%, coming to € 840.1 million in absolute terms (down 5.6%). Operating EBIT (adjusted for the income from the sale of Dürr Ecoclean as well as extraordinary and currency translation effects) came to € 55.6 million, down 15.4% on the previous year’s figure of € 65.7 million. Additionally adjusted for the EBIT contribution made by Ecoclean in the previous year (€ 3.5 million), operating EBIT fell by 8.3%. This decline was particularly attributable to the Paint and Final Assembly Systems division, where Dürr has now launched the FOCUS 2.0 optimization program to return the division to its former profitability. Moreover, HOMAG was temporarily unable to increase sales and EBIT as the rollout of a new software system at its main plant in Schopfloch necessitated a protracted production break. Dürr is upbeat about 2018 as a whole and is confirming its guidance. CEO Ralf W. Dieter: “We will accelerate our sales and earnings realization in the further course of the year. This particularly applies to the HOMAG Group, which has a record order backlog. For this reason, we are confident of achieving our goals for 2018.”



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