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Outlook

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%.

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In detail: Group outlook

Actual 2016Original forecast for 2017Current forecast for 2017
Order intake€ m3,701.73,300 - 3,7003,600 - 3,800
Orders on hand
(December 31)
€ m2,568.42,400 - 2,9002,550 - 2,750
Sales revenues€ m3,573.53,400 - 3,6003,500 - 3,600
EBIT margin%7.67.5 - 8.2517.5 - 8.251
ROCE%41.130 - 4030 - 40
Net finance expense€ m- 13.3slightly weakerslightly weaker
Tax rate%27.2roughly unchanged over the previous yearslightly lower
Earnings after tax€ m187.8slightly higher1slightly higher1
Cash flow from operating activities€ m227.4roughly unchanged over the previous year140 - 190
Free cash flow€ m129.9roughly unchanged over the previous year50 - 100
Net financial status
(December 31)
€ m176.5300 - 3801230 - 2801
Liquidity
(December 31)
€ m724.2850 - 9251735 - 7851
Capital expenditure2€ m81.975 - 85285 - 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: October 2017

 

 

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

 

Dividend

Dürr intends to distribute 30 to 40% of net income.

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Dividend per share

Disclaimer

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.

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