Dürr expects to reach sales of € 3.4 to 3.6 billion in 2016. This marks a moderate decline over the previous year, in which sales were unusually high due to recouped revenues originally planned for 2014. Order intake should move in a range of € 3.5 to 3.7 billion. Accordingly, orders on hand come to € 2.4 to 2.7 billion (2015: € 2.47 billion). From today´s perspective, EBIT in 2016 should more or less match the record level achieved in 2015, resulting in an EBIT margin of between 7.0 and 7.5% again. Due to extraordinary effects stated EBIT could even surpass the targeted EBIT range by 0.5 ppts.
As a supplier of production lines, in particular for the automotive as well as the furniture industry, Dürr depends on the investment behavior of the manufacturer. This is largely determined by the expected production in the coming years.
Light vehicle production forecast
in m units
(source: own estimates, PwC October 2016)
Woodworking machinery market
(source: CSIL Furniture production 2015, Inomis Database 06/2016)
Dürr intends to distribute 30-40% of net income.