Duerr AG logo

DUE - Duerr AG News Story

€33.9 0.6  1.9%

Last Trade - 14/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £2.02bn
Enterprise Value £2.07bn
Revenue £2.82bn
Position in Universe 297th / 1053

BRIEF-Duerr H1 Order Backlog Down At EUR 2.5 Bln

Thu 6th August, 2020 6:39am
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 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.