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Duerr AG (DUEG.DE)

DUEG.DE on Xetra

21.30EUR
29 May 2020
Change (% chg)

€-1.66 (-7.23%)
Prev Close
€22.96
Open
€21.96
Day's High
€21.96
Day's Low
€21.20
Volume
375,418
Avg. Vol
329,469
52-wk High
€33.16
52-wk Low
€15.72

Latest Key Developments (Source: Significant Developments)

Duerr Says Coronavirus Negatively Impacting Business, No Full-Year Forecast
Thursday, 14 May 2020 

May 14 (Reuters) - Duerr AG ::CORONA NEGATIVELY IMPACTING BUSINESS PERFORMANCE.EXPECTS A SUBSTANTIAL DECLINE IN ORDER INTAKE AND SALES IN THE SECOND QUARTER AND DOES NOT RULE OUT THE POSSIBILITY OF A LOSS AS WELL AS A NEGATIVE CASH FLOW FROM OPERATING ACTIVITIES.GRADUAL RECOVERY EXPECTED IN THE SECOND HALF OF THE YEAR.GIVEN THE EXCEPTIONAL MACROECONOMIC SITUATION, IT IS CURRENTLY NOT POSSIBLE TO PROVIDE A PRECISE FORECAST FOR THE YEAR AS A WHOLE.Q1 OPERATING EBIT DROPPED TO € 32.6 MILLION (DOWN 40.2%) PRIMARILY AS A RESULT OF THE LOWER SALES AND CONTRACTION OF SERVICE BUSINESS.AFTER EXTRAORDINARY EXPENSES, EBIT CAME TO € 22.9 MILLION, WHILE EARNINGS AFTER TAX REACHED € 13.2 MILLION..ORDER INTAKE RECEDED BY 24.2% OVER THE STRONG FIRST QUARTER OF 2019 TO € 838.3 MILLION.AT € 842.6 MILLION, SALES FELL BY 11.3%.IN A SOLID POSITION THANKS TO HIGH LIQUIDITY, FREE FUNDS OF A RECORD € 1.7 BILLION.IN CHINA, BUSINESS HAS RETURNED TO NORMAL FOLLOWING THE LOCKDOWN IN JANUARY/FEBRUAR.  Full Article

Duerr Suspends 2020 Guidance Over Pandemic
Monday, 30 Mar 2020 

March 30 (Reuters) - Duerr AG ::DGAP-ADHOC: DÜRR AG SUSPENDS ITS GUIDANCE FOR THE CURRENT FINANCIAL YEAR; THE PREVIOUS TARGETS FOR 2020 ARE LIKELY OUT OF REACH DUE TO THE COVID-19 PANDEMIC.TARGETS FOR 2020 ARE LIKELY OUT OF REACH DUE TO COVID-19 PANDEMIC.CANNOT PROVIDE A RELIABLE SALES AND EARNINGS FORECAST FOR CURRENT YEAR.GUIDANCE FOR 2020 HAS BEEN SUSPENDED.PLANS TO INITIATE EXTENSIVE MEASURES TO REDUCE ITS COST BASIS AND TO SECURE ITS LIQUIDITY.CASH AND CASH EQUIVALENTS CURRENTLY COMPRISE MORE THAN EUR 800 MILLION.CREDIT LINE AMOUNTING TO EUR 500 MILLION UNDER SYNDICATED LOAN IS NOT BEING UTILIZED AT THIS TIME.GROUP'S EQUITY CAPITAL EXCEEDS EUR 1.0 BILLION.  Full Article

Duerr AG Dürr Aktiengesellschaft Postpones Annual General Meeting Due To Spread Of Coronavirus
Thursday, 19 Mar 2020 

March 19 (Reuters) - Duerr AG ::DGAP-ADHOC: DÜRR AKTIENGESELLSCHAFT POSTPONES ANNUAL GENERAL MEETING DUE TO SPREAD OF CORONAVIRUS.DÜRR AKTIENGESELLSCHAFT POSTPONES ANNUAL GENERAL MEETING DUE TO SPREAD OF CORONAVIRUS.POSTPONEMENT OF ANNUAL GENERAL MEETING MEANS THAT DIVIDEND CANNOT BE PAID AS PLANNED ON MAY 13, 2020.POSTPONEMENT OF ANNUAL GENERAL MEETING MEANS THAT DIVIDEND CANNOT BE PAID AS PLANNED ON MAY 13, 2020.AN ALTERNATE DATE FOR ANNUAL GENERAL MEETING, WHICH MUST BE HELD AS A FACE-TO-FACE MEETING, HAS NOT YET BEEN DECIDED.DÜRR AG AIMS TO HOLD ITS ANNUAL GENERAL MEETING BY AUGUST 31, 2020, AT LATEST.  Full Article

Duerr Says Q4 EBIT Down 47.9% To 41.8 Mln Eur
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Duerr AG ::DUERR SAYS FY 2019 WITH RECORD ORDER INTAKE AND SALES, EARNINGS ABOVE EXPECTATIONS.DUERR SAYS GROWTH DRIVEN BY SUSTAINABLE TECHNOLOGIES AND E-MOBILITY.DUERR SAYS NEW ORDERS IN EXCESS OF € 4 BILLION FOR THE FIRST TIME: 3.7% GROWTH DESPITE CHALLENGING UNDERLYING CONDITIONS.DUERR SAYS ORDERS ON HAND AT A RECORD HIGH.DUERR SAYS GROWTH OF 7.7% IN SERVICE BUSINESS.DUERR SAYS FY OPERATING EBIT MARGIN OF 6.7%.DUERR SAYS FY CASH FLOW FROM OPERATING ACTIVITIES UP ON THE PREVIOUS YEAR.DUERR SAYS OUTLOOK FOR 2020 ASSUMES THAT THE OVERALL ECONOMIC SITUATION WILL NOT DETERIORATE ANY FURTHER; EFFECTS OF THE CORONA EPIDEMIC HAVE BEEN TAKEN INTO ACCOUNT IN THE OUTLOOK AS FAR AS THEY CAN BE ESTIMATED.DUERR SAYS OUTLOOK : ORDER INTAKE SHOULD COME WITHIN A CORRIDOR OF € 3,800 TO 4,100 MILLION IN 2020.DUERR SAYS FURTHER GROWTH IN GROUP SALES IS LIKELY, WITH THE TARGET RANGE FOR 2020 STANDING AT € 3,900 TO 4,100 MILLION.DUERR SAYS FY EBITDA DOWN 5.6% TO 308.5 MILLION EUR.DUERR SAYS FY EBIT DOWN 16.1% TO 195.9 MILLION EUR.DUERR SAYS Q4 EBIT DOWN 47.9% TO 41.8 MILLION EUR.  Full Article

Duerr Says Dietmar Heinrich Becomes New Chief Financial Officer
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Duerr AG ::DUERR AG - DIETMAR HEINRICH BECOMES NEW CHIEF FINANCIAL OFFICER OF DÜRR AG, DR. JOCHEN WEYRAUCH IS APPOINTED DEPUTY CEO.DUERR AG - SUPERVISORY BOARD OF DÜRR AG HAS APPOINTED DIETMAR HEINRICH TO BOARD OF MANAGEMENT WITH EFFECT FROM AUGUST 1, 2020.DUERR AG - 56-YEAR-OLD WILL REPLACE CURRENT CFO, CARLO CROSETTO WHO, AFTER THREE YEARS, IS DUE TO LEAVE DÜRR IN FEBRUARY, AT HIS OWN REQUEST.  Full Article

Duerr Delivers Three Paint Shops For BMW In China And Hungary As General Contractor
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Duerr AG ::DELIVERS THREE PAINT SHOPS FOR BMW IN CHINA AND HUNGARY AS GENERAL CONTRACTOR.ORDERS FOR BUILDING TWO FACILITIES IN CHINA WERE BOOKED IN Q4 OF 2019..IT WAS AGREED THAT DÜRR WOULD ALSO DELIVER PAINT SHOP FOR BMW'S NEW PLANT IN HUNGARIAN CITY OF DEBRECEN..  Full Article

Duerr 9-Month Order Intake Rose By 3.9% To EUR 2.86 Bln
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - DUERR AG ::CONFIRMING ITS FULL-YEAR TARGETS FOR ORDER INTAKE, SALES AND OPERATING EBIT AFTER THE FIRST NINE MONTHS OF 2019.ORDER INTAKE ROSE BY 3.9% TO € 2,859.5 MILLION AND SALES BY 5.1% TO € 2,874.1 MILLION IN THE FIRST NINE MONTHS OF 2019.AT HOMAG, 9-MONTH ORDER INTAKE FROM THE FURNITURE INDUSTRY DROPPED BY 12.8% DUE TO WEAKER DEMAND.9-MONTH EBIT € 154.1 MILLION (PREVIOUS YEAR € 153.3 MILLION).GROUP'S ORDERS IN CHINA FELL SHORT OF PREVIOUS YEAR BY 13% IN THE FIRST NINE MONTHS BUT SHOULD PICK UP AGAIN IN FINAL QUARTER.  Full Article

Duerr Says Q2 Net Income down 8.9% to 30.6 Mln Eur
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Duerr AG ::SALES UP 8% AND INCOMING ORDERS NEARLY UNCHANGED IN H1 2019 DESPITE CHALLENGING MARKET CONDITIONS.BOOK-TO-BILL AT 1, ORDER BACKLOG AT € 2.6 BN AND SLIGHTLY ABOVE THE LEVEL OF YEAR END 2018.SERVICE BUSINESS (+15%) WELL ON TRACK.H1 EBIT -6%.INCREASED COMPETITIVE PRESSURE IN ALL DIVISIONS, BUT COST CUTTING MEASURES, PRODUCTIVITY IMPROVEMENTS, AND LOWER EXTRAORDINARY COSTS WILL LEAD TO AN EARNINGS IMPROVEMENT IN H2 2019.CASH FLOW DISAPPOINTING IN H1 2019 MAINLY DUE TO FURTHER DELAYS IN CUSTOMER PAYMENTS, BUT CLEAR IMPROVEMENT IN H2 2019 EXPECTED.PAINT AND FINAL ASSEMBLY SYSTEMS, APPLICATION TECHNOLOGY AND CLEAN TECHNOLOGY SYSTEMS ARE WELL ON TRACK TO REACH THEIR 2019 TARGETS.ORDER INTAKE AT MEASURING AND PROCESS SYSTEMS IMPROVED IN H1 2019, THIS WILL LEAD TO HIGHER SALES IN H2 2019. BUT HIGHER RESEARCH AND DEVELOPMENT COSTS, INCREASED COMPETITION AND WEAKER DEMAND IN THE CONVENTIONAL POWERTRAIN BUSINESS ARE WEIGHING ON RESULTS.STRONG DECLINE IN HOMAG’S HIGH MARGIN BUSINESS IN CHINA FOR TWO YEARS IN A ROW. HOMAG’S OUTLOOK REDUCED DUE TO AN UNEXPECTED LOWER BUSINESS VOLUME IN H2 2019.DUERR Q2 NET PROFIT 30.6 MILLION EUR.TARGET EBIT MARGIN OF 5.5-6.0% IN 2019, INSTEAD OF THE PREVIOUSLY PROJECTED FIGURE OF 6.5 TO 7.0%.EXPECT SALES AND EARNINGS TO PICK UP IN THE SECOND HALF OF THE YEAR.GROUP’S FULL-YEAR TARGETS FOR ORDER INTAKE (€ 3.8 TO 4.1 BILLION) AND SALES (€ 3.9 TO 4.1 BILLION) ARE UNCHANGED DUE TO STILL STABLE AUTOMOTIVE BUSINESS.  Full Article

BRIEF-Duerr Says Coronavirus Negatively Impacting Business, No Full-Year Forecast

* EXPECTS A SUBSTANTIAL DECLINE IN ORDER INTAKE AND SALES IN THE SECOND QUARTER AND DOES NOT RULE OUT THE POSSIBILITY OF A LOSS AS WELL AS A NEGATIVE CASH FLOW FROM OPERATING ACTIVITIES