Brief: Duerr 2021 Order Intake Expected To Increase To Record Level Of EUR 4,000 To 4,200 Mln

Duerr AG

26/07/2021 17:02

July 26 (Reuters) - DUERR AG  DUEG.DE :
    * DÜRR GROUP INCREASES ANNUAL FORECAST AND LOOKS SET TO
ACHIEVE
RECORD ORDER INTAKE
    * ORDER INTAKE IN 2021 IS EXPECTED TO INCREASE TO A RECORD
LEVEL
OF EUR 4,000 TO 4,200 MILLION (PREVIOUS FORECAST: 3,600 TO
3,900)
    * FORECAST FOR OPERATING EBIT MARGIN HAS BEEN RAISED TO
BETWEEN
5.0 AND 6.0% (PREVIOUSLY: 4.2 TO 5.2)
    * FOR 2022, BOARD OF MANAGEMENT EXPECTS SALES AND OPERATING
EBIT
MARGIN TO EXCEED PRE-CRISIS LEVEL OF 2019 (EUR 3,921.5 MILLION
AND 6.7%, RESPECTIVELY)
    * MEDIUM-TERM TARGET OF AN EBIT MARGIN OF AT LEAST 8% (AFTER
EXTRAORDINARY EFFECTS) IS SET TO BE ACHIEVED BY 2023 OR 2024 AT
LATEST.
    * OPERATING EBIT MARGIN REACHED 4.8% IN FIRST HALF OF YEAR,
WITH
5.9% IN Q2 EXCEEDING FULL-YEAR TARGET RANGE
    * FREE CASH FLOW INCREASED TO EUR 72.8 MILLION IN FIRST HALF
OF
YEAR AND WAS MARKED BY SOLID PREPAYMENTS FOLLOWING HIGH ORDER
INTAKE
    * AT EUR 1,632.8 MILLION, SALES DEVELOPMENT WAS STILL
MODERATE,
BUT ALREADY PICKING UP SLIGHTLY IN Q2 (EUR 843.0 MILLION)

Source text for Eikon:  ID:nEQ3rBqfXa 
Further company coverage:  DUEG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))