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Dürr AG — Earnings Release 2011
Jan 30, 2012
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Earnings Release
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News Details
Ad-hoc | 30 January 2012 07:51
Dürr Aktiengesellschaft: Preliminary results Dürr 2011
Dürr Aktiengesellschaft / Key word(s): Preliminary Results
30.01.2012 07:51
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Preliminary results Dürr 2011
Bietigheim-Bissingen, January 30, 2012 - According to preliminary figures
the Dürr Group increased its sales revenues in fiscal year 2011 to around
EUR 1,900 million (+50%). EBIT improved to approximately EUR 105 million
and was thus nearly trebled.
Incoming orders rose by 63% to approximately EUR 2,680 million in fiscal
year 2011. In the fourth quarter new orders were worth EUR 615 million,
which was up 14% on the comparable pre-year figure. The exceptionally high
order intake was due above all to the automotive industry's capacity
expansion in China and other emerging markets. Dürr benefited additionally
from catch-up effects as customers had shelved numerous investment projects
in the 2008/2009 crisis which were awarded in 2011. Orders on hand were
worth about EUR 2,100 million at the end of 2011 (+55% versus December 31,
2010).
These figures cited for 2011 are above the capital market's expectations.
From today's vantage point Dürr expects incoming orders in excess of EUR 2
billion in 2012; this means that orders in 2012 would be about EUR 400
million above the pre-2008/2009 crisis level. Sales revenues are expected
to advance to a good EUR 2 billion in the current year. This is supported
by the high order backlog and the Group's excellent position in the
emerging markets. Dürr assumes that the buoyant current demand will
continue, especially in the automotive industry.
Dürr will be reporting on the development of business in 2011 and the
outlook on February 21, 2012.
Preliminary figures
Dürr Group
in EUR m 2011 2010 ∆ in %
Incoming orders 2,680 1,642.2 +63
Orders on hand 2,100 1,359.1 +55
Sales revenues 1,900 1,261.4 +50
EBIT (Earnings before 105 36.6 1) +187
financial result and
taxes)
EBIT margin in % 5.5 2.9 +2.6 basis points
1) 2010 has been adjusted due to reclassification of the interest component
in pension provisions.
All the figures are preliminary figures and have not been audited.
Contact:
Dürr AG
Günter Dielmann/Mathias Christen
Corporate Communications & Investor Relations
Phone +49 7142 78-1785/-1381
Fax +49 7142 78-1716
E-mail [email protected]
30.01.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone: 07142 78-1785
Fax: 07142 78-1716
E-mail: [email protected]
Internet: www.durr.com
ISIN: DE0005565204
WKN: 556520
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München
End of Announcement DGAP News-Service