Brief: Duerr AG Full Year Sales Increased 7.3% To Eur 4.63 Bln

Duerr AG

27/02/2024 06:30

Feb 27 (Reuters) - DUERR AG  DUEG.DE :
    * PRELIMINARY FIGURES FY: SALES INCREASED BY 7.3% TO EUR
4.63
BILLION
    * FY EBITDA DOWN 4.5% TO EUR 322.2 MILLION VERSUS EUR 337.5
MILLION LAST YEAR
    * FY EBIT MARGIN BEFORE EXTRAORDINARY EFFECTS INCREASED BY
6.1%
    * FY EARNINGS AFTER TAX FELL TO EUR 110.2 MILLION VERSUS EUR
134.3
MILLION LAST YEAR
    * DECREASE IN EARNINGS DUE TO EXTRAORDINARY EXPENSES RELATED
TO
JOB CUTS AT HOMAG
    * JOB CUTS AT HOMAG EXPECTED TO REDUCE COSTS BY EUR 25
MILLION IN
2024 AND EUR 50 MILLION IN 2025
    * 2024 OUTLOOK: ORDER INTAKE EXPECTED TO REACH BETWEEN EUR
4.6
BILLION AND EUR 5 BILLION
    * FY ORDER INTAKE DOWN 7.8% TO EUR 4.62 BILLION, IN UPPER
HALF OF
TARGET RANGE
    * FY FREE CASH FLOW EUR 129.3 MILLION VERSUS EUR 117.1
MILLION
LAST YEAR
    * 2024 OUTLOOK EBIT MARGIN BEFORE EXTRAORDINARY EFFECTS
EXPECTED
TO DECLINE TO BETWEEN 4.5% AND 6%

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

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