Brief: Duerr H1 Order Backlog Down At EUR 2.5 Bln

Duerr AG

06/08/2020 06:39

Aug 6 (Reuters) - DUERR AG  DUEG.DE :
    * ORDER INTAKE DOWN 23% IN H1, BUT STRONG ORDER MOMENTUM
FROM EV
MANUFACTURERS IN CHINA
    * H1 ORDER BACKLOG AT € 2.5 BN, DOWN € 264 M COMPARED TO
YEAR END
2019 BUT STILL AT A HIGH LEVEL
    * EBIT POSITIVE FOR H1 2020; EBIT BEFORE EXTRAORDINARY
EFFECTS
DECLINES BY 78% IN THE LIGHT OF LOWER SALES AND DECLINING
SERVICE BUSINESS (UTILIZATION OF FACTORIES)
    * FOR 2020 EXPECTS ORDER INTAKE: € 3,100 TO 3,400 MILLION
    * RESUMING GUIDANCE WITH NEW TARGETS FOR 2020
    * H1 SALES AT 1,615.2 MILLION EUROS VERSUS 1,880.4 MILLION
EUROS
YEAR AGO
    * FOR 2020 EXPECTS SALES: € 3,200 TO 3,400 MILLION
    * FOR 2020 EXPECTS EBIT MARGIN BEFORE EXTRAORDINARY EFFECTS:
2.5
TO 2.8%

Source text: https://bit.ly/30xdKJh
Further company coverage:  DUEG.DE 

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