Investors

Financing

Our funding structure comprised the following elements for the 30th of June in 2016:

  • Corporate bond issued by Dürr AG for € 300 million
  • Bonded loan issued by Dürr AG for € 300 million
  • Syndicated loan held by Dürr AG for € 465 million
  • Real estate loan for the purchase of the Dürr Campus in Bietigheim-Bissingen (2011) with a carrying amount of € 35.5 million
  • Bilateral credit facilities of a smaller volume and liabilities from finance leases.


In addition to money and capital market instruments, we are also able to utilize off-balance-sheet financing instruments such as factoring programs and operating leases. The volume of substantial off-balance-sheet financing instruments and obligations amounted to € 115.3 million (December 31, 2016).

The syndicated loan facility is not likely to be drawn in 2017.

Financial liabilities

€ million 2016201520142013201220112010
Bond and bonded loan596.6296.9296.4225.2225.4225.5225.6
Liabilities to banks35.543.2118.441.956.557.22.0
Other financial liabilities13.90.00.00.00.00.00.1
Liabilities under finance leases8.510.811.74.04.23.53.6
Total654.5350.9426.5271.1286.1286.2232.3
   of which due within one year5.36.817.12.514.813.31.8

 

 

Maturity Structure of Financial Liabilities

Dürr credit and guarantee lines

€ million12/31/201612/31/201512/31/2014
Combined value1,026.51,034.91,111.2
Drawdown345.0359.9495.7



Ratings

There are no current corporate or bond ratings to assess our credit status. Dürr regularly publishes comprehensive key figures and a detailed outlook, thus ensuring a high level of visibility. The added value created by additional ratings is considered low, also given the costs involved.