BIETIGHEIM-BISSINGEN (dpa-AFX) – The manufacturer of painting systems and woodworking machines Dürr has confirmed its forecast for the current financial year. The company expects significant improvements in order intake and sales in the fourth quarter, as Dürr announced on Thursday in Bietigheim-Bissingen.
Incoming orders fell by more than 30 percent to 762.5 million euros in the third quarter. Customers held back from investing in connection with the customs conflicts. Sales fell by 1.1 percent to around one billion euros. “We see good opportunities for a high order intake in the fourth quarter, provided there are no delays in the awarding of contracts. From today’s perspective, we are confident,” commented CEO Jochen Weyrauch. Dürr lowered its forecast for new business in the summer due to the customs turbulence.
Despite the decline in sales, Dürr increased its adjusted earnings before interest and taxes (EBIT) by around 40 percent to 69 million euros. The company justified this with cost reductions and good margins on incoming orders. However, earnings after taxes fell by 17.5 percent to 25.5 million euros. Here too, Dürr was confident that it would achieve its annual forecast – also thanks to the proceeds from the environmental technology business, which has since been sold./nas/stk
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