Brief: Duerr Says H1 Earnings After Tax Dropped To EUR 39.2 Mln

Duerr AG

08/08/2024 06:30

Aug 8 (Reuters) - DUERR AG  DUEG.DE :
    * ORDER INTAKE ROSE BY 7.9% TO EUR 2.79 BILLION IN H1
    * H1 SALES GREW BY 6.9% TO EUR 2.28 BILLION, WITH
HIGHER-MARGIN
SERVICE BUSINESS GROWING BY 8.4%
    * SALES ARE EXPECTED TO GAIN MOMENTUM IN THE SECOND HALF OF
THE
YEAR
    * MARGIN CAME TO 5.0%, THUS EXCEEDING THE SAME PERIOD OF THE
PREVIOUS YEAR (4.9%)
    * EXPECTS FY ORDER INTAKE TO REACH UPPER END OF TARGET RANGE
OF
EUR 4.6 BILLION TO 5 BILLION IN 2024
    * FREE CASH FLOW WAS AT EUR 43.8 MILLION IN H1
    * SHOULD COMFORTABLY ACHIEVE ITS FULL-YEAR TARGET OF AN EBIT
MARGIN OF 4.5 TO 6.0%
    * Q2 ORDER INTAKE AT EUR 1.3 BILLION
    * Q2 SALES AT EUR 1.2 BILLION
    * Q2 EBITDA EUR 80.3 MILLION
    * EBIT MARGIN BEFORE EXTRAORDINARY EFFECTS WILL PRESUMABLY
SHRINK
COMPARED WITH 2023 (6.1%)
    * EARNINGS AFTER TAX SHOULD REACH EUR 90 TO 150 MILLION IN
2024
    * EARNINGS AFTER TAX DROPPED TO EUR 39.2 MILLION IN H1

Further company coverage:  DUEG.DE 

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