Duerr raises sales outlook on China, Homag purchase

Homag AG

03/11/2015 06:32

BERLIN, Nov 3 (Reuters) - Germany's Duerr  DUEG.DE  has 
raised its sales outlook for 2015 after posting forecast-beating 
results in the third quarter on strong demand in China and 
business earned from acquiring woodworking specialist Homag 
group. 
    The industrial systems and automotive supplier now expects 
sales of 3.6-3.7 billion euros ($4.0-4.1 billion), compared with 
a previous target of 3.4-3.5 billion, it said on Tuesday. 
    Nearly a billion euros of full-year sales will be 
contributed by Homag  HG1G.F  which Duerr has consolidated in 
its results since October 2014. 
     
($1 = 0.9060 euros) 
 
 (Reporting by Andreas Cremer; Editing by Kirsti Knolle) 
 ((Andreas.Cremer@thomsonreuters.com; +49-30-2888-5084; Reuters 
Messaging: andreas.cremer.thomsonreuters.com@reuters.net)) 
 
Keywords: DUERR RESULTS/