Dürr Aktiengesellschaft / Key word(s): Preliminary Results/Change in Forecast
20.07.2011 14:14
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.
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Dürr achieves strong growth in the first six months and raises forecast for
2011
Bietigheim-Bissingen, July 20, 2011 - On the basis of preliminary figures,
Dürr increased its consolidated group sales by 51% year over year to EUR
783 million in the first six months of 2011. EBIT rose to EUR 32 million
(H1/2010: EUR 1.1 million). Incoming orders were up 63% to EUR 1,200
million. These results exceed the company's and the capital market's
previous expectations.
Dürr expects the positive development to continue in the second half of the
year and now forecasts growth of about 20% in incoming orders to almost EUR
2 billion for the full year 2011. The previous guidance had been for growth
of 5%. Dürr is also raising its earnings forecast for 2011. An EBIT margin
of 4.0 to 4.5% is now targeted after the 3.5 to 4.0% previously forecast.
The sales guidance has been upped to EUR 1.75 billion after it had already
been raised to EUR 1.65 billion at the beginning of June.
The main reasons for the better-than-expected development are the continued
strong global demand from the automotive industry and the high level of
capacity utilization and resulting scale effects.
All the figures are preliminary and have not been audited. Dürr will be
releasing the final results for the second quarter and the first six months
of 2011 together with the overall outlook for the full year on August 4,
2011.
Dürr AG
Günter Dielmann/Mathias Christen
Corporate Communications & Investor Relations
Tel +49 7142 78-1785/-1381
Fax +49 7142 78-1716
Email corpcom@durr.com
20.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: investor.relations@durr.com
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
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DGAP-Adhoc: Dürr Aktiengesellschaft: Dürr achieves strong growth in the first six months and raises forecast for 2011
| Source: EQS Group AG