Dürr AG — Earnings Release 2004

Mar 24, 2005

News Details

Ad-hoc | 24 March 2005 18:18

Dürr AG:Preliminary EBT for 2004 of EUR 12 million

Ad hoc announcement §15 WpHG Preliminary EBT for 2004 of EUR 12 million Dürr AG:Preliminary EBT for 2004 of EUR 12 million Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Preliminary EBT for 2004 of EUR 12 million Stuttgart, March 24, 2005 – Dürr AG announces that its preliminary earnings before taxes according to IFRS (International Financial Reporting Standards) for the year 2004 amount to EUR 11.8 million (previous year: EUR minus 5.7 million). The company is thus returning to the black. The goodwill amortization on the Schenck product line Development Test Systems that was initially expected and announced on February 23, 2005 is not necessary. As of March 1, 2005, Dürr’s operations are organized into two divisions: Paint and Assembly Systems and Measuring and Process Systems (continuing operations). In the framework of strategically reorienting its group structure, Dürr reported on March 15 that a contract to sell its Services business unit to the Voith Group had been signed. The Services unit consists of the Premier Group including its core company Premier Manufacturing Support Services Inc., based in Cincinnati, USA. DTS and Services are reported in the financial statements as discontinued operations. Preliminary earnings before taxes of continuing operations thus amount to EUR 18.6 million, and those of discontinued operations to EUR minus 6.8 million. The group’s preliminary net income for the year (net result) according to IFRS comes to EUR 4.7 million. Dürr achieved net income for the year of EUR 11.6 million in its continuing operations. The net result in its discontinued operations amounted to EUR minus 6.9 million. The complete financial statements for 2004 will be presented at a press conference to be held for that purpose on April 21, 2005 upon approval by the Supervisory Board. Contact: Dürr AG Stephan Haas Corporate Communications & Investor Relations Tel.: +49 (0)711 136-1785 Fax: +49 (0)711 136-1034 E-mail:corpcom@durr.com Dürr AG Otto-Dürr-Strasse 8 70435 Stuttgart – Zuffenhausen Deutschland ISIN: DE0005565204 (SDAX) WKN: 556520 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Hannover End of ad hoc announcement (c)DGAP 24.03.2005 241818 Mär 05