Interim report 1st quarter 2015 (IFRS)
Dürr off to a good start in 2015 and in line with its planning
- Order intake and sales revenues up by just under 60%
- 33% increase in operating EBIT according to planning
- Extraordinary integration charges for HOMAG included in earnings after tax
Bietigheim-Bissingen, May 12, 2015 – The Dürr Group got off to a good start in 2015, closing the first quarter according to its planning. Order intake and sales revenues were up just under 60% over the previous year, rising to € 895.5 million and € 849.2 million, respectively. This growth was particularly driven by the HOMAG Group, which was consolidated for the first time in October 2014. Dürr’s other activities (excluding HOMAG) also posted an 8% increase in order intake and an 11% increase in sales revenues. Earnings before interest and taxes (EBIT) climbed by 7% to € 47.4 million in the first quarter of 2015 but include extraordinary charges of € 11.5 million arising from the accounting effects caused by the acquisition of HOMAG. The EBIT margin came to 5.6% in the first quarter. Adjusted for the extraordinary charges, EBIT rose by 33%, yielding an operating EBIT margin of 6.9%. The extraordinary charges will drop substantially from the second quarter onwards. Consequently, Dürr expects to achieve its full-year EBIT margin target (incl. extraordinary expenses) of 7 to 7.5% in 2015.