Germany · Delayed Price · Currency is EUR Dürr Aktiengesellschaft Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw a 13% rise in group order intake, driven by Automotive, while BBS Automation faced weak demand and a EUR 90–100 million goodwill impairment. The Vector program aims for EUR 30 million in recurring cost savings and a return to growth, with group guidance for 2026 confirmed.
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Q1 2026 results met expectations with strong performance in automotive and woodworking, while industrial automation lagged due to BBS Automation. EBIT margin and net profit improved, free cash flow was positive, and the group outlook for 2026 is confirmed despite macro uncertainties.
Fiscal Year 2025
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Group streamlined to three divisions, sold environmental tech business, and improved EBIT margin to 5.6%. Despite sales challenges, net profit doubled to EUR 206 million, and free cash flow exceeded expectations. 2026 outlook is cautious due to macro uncertainty.
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Q3 saw a strong EBIT margin and improved profitability across all divisions, despite a 29% drop in order intake due to last year's exceptional contracts and ongoing macro uncertainty. The group completed its transformation to a leaner structure, confirmed guidance, and expects a robust Q4, especially in automotive.
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Q2 saw weak order intake and a major impairment due to geopolitical and e-mobility headwinds, but strong cash flow and a significant book gain from the environmental tech sale offset restructuring costs. The group remains focused on automation, cost savings, and maintaining profitability targets.
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Order intake and sales remained robust in Q1 2025, with net income up 40% year-over-year and positive free cash flow. Guidance for 2025 is confirmed despite tariff and macroeconomic uncertainties, and the environmental business sale process is on track.
Fiscal Year 2024
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Record order intake and revenues in 2024 were driven by strong automotive demand and operational improvements, with EBIT margin near the upper end of guidance. Strategic restructuring and divestments are underway, and 2025 guidance targets stable to moderate growth, margin improvement, and continued focus on sustainable automation.
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Record order intake and strong free cash flow were driven by robust automotive demand and disciplined working capital, offsetting weakness at HOMAG and delays in some projects. Guidance for 2024 is confirmed at the upper end for order intake and cash flow, with segment performance mixed across divisions.
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Record H1 order intake and solid sales growth were driven by strong automotive demand and large global orders. EBIT margin improved, free cash flow was robust, and 2024 guidance was confirmed, with the outlook favoring the upper end of order intake targets.