Investor Relations

Interim Statement 1st quarter 2016 (IFRS)

Strong order intake provides good start to the new year for Dürr

  • 17% increase in order intake, underpinned by growth in all divisions
  • Book-to-bill ratio of 1.3
  • Sales in line with previous year (adjusted for exchange-rate effects)
  • Earnings after tax more than doubled; EBIT up 24%

Bietigheim-Bissingen, May 12, 2016 – Dürr registered above-average order intake of € 1,048.5 million in the first quarter of 2016, an increase of 17% over the previous year. With sales revenues almost unchanged at € 825.2 million (down 2.8%), earnings after tax rose by 128% from € 17.0 million to € 38.6 million. This was primarily due to the absence of the extraordinary tax burdens which had arisen in the same period of the previous year as a consequence of the domination and profit transfer agreement entered into with the HOMAG Group. EBIT climbed by 24% to € 58.7 million. At 7.1% (previous year: 5.6%) in the first quarter, the EBIT margin was already within the full-year target range of 7.0 - 7.5% for 2016. Says Ralf W. Dieter, CEO of Dürr AG: “Dürr got off to a very good start to the new year. Demand was particularly strong in North America and Europe. The order pipeline is amply filled in China, where there are also signs of an increase in capital spending on production facilities for electric cars.”