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DUE - Duerr AG News Story

€35.14 -0.6  -1.6%

Last Trade - 12:25pm

Sector
Industrials
Size
Mid Cap
Market Cap £2.13bn
Enterprise Value £2.12bn
Revenue £2.86bn
Position in Universe 294th / 1050

BRIEF-Duerr Says Expects 2021 Sales Growth Of EUR 3.45 Bln To 3.65 Bln

Thu 25th February, 2021 6:33am
Feb 25 (Reuters) - 
    * DUERR POSTS 2020 SALES OF 3.324 BILLION EUROS, IN THE
UPPER PART
OF THE TARGET RANGE OF EUR 3.2 TO EUR 3.4 BILLION
    * DUERR SAYS 2020 SALES FELL 15.2% Y/Y AND ORDER INTAKE FELL
BY
19.5% Y/Y DUE TO THE PANDEMIC.
    * DUERR SAYS Q4 EBIT -20.5 MILLION EUR
    * DUERR SAYS Q4 SALES FALL 14.6% TO 894 MILLION EUR
    * DUERR POSTS SAYS EXPECTS 2021 SALES TO GROW TO BETWEEN
€3,450
AND 3,650 MILLION
    * DUERR POSTS 2021 EBIT MARGIN SHOULD INCREASE TO 3.3 TO
4.3%,
RISING TO 4.2 TO 5.2% BEFORE EXTRAORDINARY EFFECTS
    * DUERR SAYS  ORDER INTAKE IS EXPECTED TO SEE A SUSTAINED
RECOVERY
AND ACHIEVE SUBSTANTIAL GROWTH, REACHING €3,600 TO 3,900 MILLION

Source text for Eikon:  ID:nNDL866Qnh 
Further company coverage:  DUEG.DE 

 (Reporting By Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))
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