Dürr AG — Earnings Release 2000

Apr 17, 2001

News Details

Ad-hoc | 17 April 2001 10:38

Ad hoc-Service: Dürr AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– Record year 2000: Success as Partner to the Automobile Industry Stuttgart, 17.4.2001 . Dürr AG has posted record figures for financial year 2000: EBITDA (earnings before interest, tax, depreciation and amortisation) rose to 119.8 million euro (65.4 million euro for the previous year / + 83.3%). Earnings before tax (EBT) reached 46.3 million euro (35.6 million euro previous year /+ 30 %). Net profit for the year was 23 million euro (16.6 million euro previous year / + 38.6 %). Earnings per share were 1.69 euro (1.28 euro previous year / +32,0 %). Dividend is to be increased by 10 % to 1.10 euro. (Return as at 31.12.2000: 4,6 %). Group sales increased by 67 % to 2,042 million euro (previous year 1,224 million euro); excluding acquisitions the increase was 17%. Order intake rose by 76 % to 1,970 million euro (1,120 million euro previous year), and orders in hand by 49 % to 1,106 million euro (744 million euro previously). The number of employees at year end 2000 rose, mainly as a result of the take-over of Carl Schenck AG, to 11.558 (previous year 7.255 / + 59 %). Research and development investment represented approximately 6% of turnover. In the first quarter of 2001 Dürr continued its dynamic growth with the following figures: Sales 354 million euro (288 million euro previous year/ + 23 %), EBITDA 27 million euro (16.5 million euro previous year / + 64%), order intake 421 million euro (344 million euro previous year / + 22 %), orders in hand 1,137 million euro (808 million euro previously / + 41%). Dürrs strategy is to concentrate on improving profitability, to conquer markets so far little explored with innovative technologies and to extend its competence in the growth market of engineering for manufacturing processes with the new company DS Engineering GmbH. For 2001 Dürr expects sales and earnings to rise by double digit percentages with a proportionally greater increase in earnings. With its “Dürr International Stock Options Plan” (DISOP) Dürr is offering added incentive to its top management team, to become more directly involved in the companys success. DISOP is designed to run for a period of five years and is made up of a combination of shares and share options purchases. The Management and Supervisory Boards will present proposals for approval as part of the Agenda for the Dürr Annual General Meeting on 30 May 2001. end of ad hoc announcement, (c) DGAP 17.04.2001 ——————————————————————————– WKN: 556520; Index: MDAX Listed: Amtlicher Handel in Frankfurt und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover und München 171038 Apr 01