Incoming orders rose by 7.9% to EUR 2,792.1 million in the first half of the year. The record order intake in the first half of the year was based on major paint technology orders in Germany, China, Southern Europe and Mexico. The acquisition of automation specialist BBS-Automation in August 2023 also had a positive effect on order intake.
Significant increase in turnover
Group sales grew by 6.9% to EUR 2,281.3 million, with the service business growing at an above-average rate of 8.4%. Thanks to a 9.4% increase in EBIT before special items, the margin of 5.0% was higher than in the same period of the previous year (4.9%). At 43.8 million euros, free cash flow was very solid.
Robust despite challenges
Dr. Jochen Weyrauch, CEO of Dürr AG: "We are operating very robustly in a challenging environment. Based on the strong automotive business, we are also expecting good incoming orders in the third quarter. For the year as a whole, incoming orders of just under EUR 5 billion and thus the upper end of the forecast range are realistic."
New Automotive division
Dürr announced in June that the painting technology business, which was previously operated in two divisions, would be bundled under the umbrella of the new Automotive division from 2025. The aim is to serve customers even better and provide them with optimally coordinated products. "By bundling our activities, we will be able to support our customers even more effectively, especially in large-scale projects and long-term partnerships. They will receive integrated complete solutions, professional order processing and all services from a single source," said Dürr CEO Weyrauch.
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