Brief: Duerr Maintains 2022 Business Forecast In Light Of Ukraine-Russia Conflict

Duerr AG

17/03/2022 09:07

March 17 (Reuters) - Duerr AG  DUEG.DE :
    * WILL BE PROPOSING A DIVIDEND OF €0.50 PER SHARE FOR THE
2021
FISCAL YEAR
    * EXPECT A DISTRIBUTION RATIO OF BETWEEN 30% AND 40% OF
GROUP NET
PROFIT AFTER TAX
    * EXPECT TO SEE A CONTINUATION OF THE PROFITABLE GROWTH IN
2023
    * R MEDIUM-TERM TARGET OF AN EBIT MARGIN OF AT LEAST 8%
SHOULD BE
ACHIEVED BY 2023 OR BY 2024 AT THE LATEST
    * ASSUME THAT THE RUSSIAN-UKRAINIAN CONFLICT WILL HAVE A
MINOR
DIRECT IMPACT ON OUR BUSINESS
    * RUSSIA’S SHARE OF ORDER INTAKE AND SALES IN 2021 AMOUNTED
TO
1.6% IN EACH CASE, WHILE UKRAINE’S SHARES WERE WELL BELOW 1%

Further company coverage:  DUEG.DE 

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