Brief: Dürr Group Says Package Of Measures Adopted To Boost Efficiency And Reduce Capacity At HOMAG

Duerr AG

07/11/2023 17:42

Nov 7 (Reuters) - Duerr AG  DUEG.DE :
    * EQS-ADHOC: DÜRR AKTIENGESELLSCHAFT: PACKAGE OF MEASURES
ADOPTED
TO BOOST EFFICIENCY AND REDUCE CAPACITY AT HOMAG
    * ORDER INTAKE DROPPED BY 32% IN FIRST NINE MONTHS OF 2023
    * MAIN ELEMENT OF PACKAGE ENTAILS PLANNED ELIMINATION OF
JUST
UNDER 600 JOBS AT HOMAG IN GERMANY AND ABROAD
    * DÜRR GROUP IS ADJUSTING ITS FORECAST FOR EBIT MARGIN AFTER
EXTRAORDINARY EFFECTS IN 2023 FROM 5.6 TO 6.6% TO NOW 4.5 TO
5.5%.
    * THIS IS TO YIELD RECURRING SAVINGS OF INITIALLY AROUND EUR
25
MILLION IN 2024
    * JOB CUTS TO YIELD RECURRING SAVINGS OF INITIALLY AROUND
EUR 25
MILLION IN 2024 & ROUGHLY EUR 50 MILLION ANNUALLY FROM 2025
AFTER PROGRAM COMPLETION
    * RESULTANT EXTRAORDINARY EXPENSES FROM MEASURES ARE VALUED
AT EUR
35 TO 50 MILLION AND WILL BE PLACED ON BOOKS IN Q4 OF 2023

Source text for Eikon:  ID:nEQ2XhtKQa 
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