Dürr expects to reach sales of € 3.5 to 3.6 billion in 2017 (more or less at the same level as in 2016) despite the sale and deconsolidation of Dürr Ecoclean. Order intake should move in a range of € 3.6 to 3.8 billion. Accordingly, orders on hand come to € 2.55 to 2.75 billion (2016: € 2.6 billion). From today´s perspective, EBIT margin should reach between 7.5 to 8.25%.
In detail: Group outlook
|Actual 2016||Original forecast for 2017||Current forecast for 2017|
|Order intake||€ m||3,701.7||3,300 - 3,700||3,600 - 3,800|
|Orders on hand |
|€ m||2,568.4||2,400 - 2,900||2,550 - 2,750|
|Sales revenues||€ m||3,573.5||3,400 - 3,600||3,500 - 3,600|
|EBIT margin||%||7.6||7.5 - 8.251||7.5 - 8.251|
|ROCE||%||41.1||30 - 40||30 - 40|
|Net finance expense||€ m||- 13.3||slightly weaker||slightly weaker|
|Tax rate||%||27.2||roughly unchanged over the previous year||slightly lower|
|Earnings after tax||€ m||187.8||slightly higher1||slightly higher1|
|Cash flow from operating activities||€ m||227.4||roughly unchanged over the previous year||140 - 190|
|Free cash flow||€ m||129.9||roughly unchanged over the previous year||50 - 100|
|Net financial status|
|€ m||176.5||300 - 3801||230 - 2801|
|€ m||724.2||850 - 9251||735 - 7851|
|Capital expenditure2||€ m||81.9||75 - 852||85 - 952|
1 Including the effects from the disposal of Ecoclean
2 On property, plant and equipment and on intangible assets (excluding acquisitions)
Light vehicle production forecast
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.
in m units3
3 Light vehicles production
Source: PwC, Autofacts, last update: January 2018
Markets for woodworking machinery
in m units4
Furniture production breakdown: strong growth in markets for rest of decade
4 Source: CSIL, Euroconstruct, Holzbauverband, competitor data, regional expert evaluation
Dürr intends to distribute 30 to 40% of net income.
Dividend per share
This publication has been prepared independently by Dürr AG/Dürr group (“Dürr”). It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in Dürr's disclosures, in particular in the chapter “Risks” in Dürr's annual report. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of Dürr may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.
Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards). Dürr's net assets, financial position and results of operations should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology. Further information regarding the alternative financial metrics used at Dürr can be found in our financial glossary on the Dürr webpage.