Investments in the automotive industry boost Dürr’s business
The Swabian machine and plant manufacturer Dürr picked up speed in the second quarter thanks to high investments in the automotive industry. The turnover grew by 6.8 percent to 1.12 billion euros, the operating result (EBIT before special effects) increased by 54.8 percent to 62.6 million euros, which Dürr announced on Thursday. “The second quarter brought the expected acceleration. We will continue on this course, in the third and especially in the fourth quarter we will once again increase sales and earnings significantly,” said CEO Jochen Weyrauch
The company, which is listed in the MDax, confirmed its forecast for the year. This envisages sales of 4.5 to 4.8 billion euros and an EBIT margin before special items of 6.0 to 7.0 percent in 2023. In the second quarter, the margin was 5.6 percent. The order intake of the market leader for painting systems should reach the upper end of the target range of 4.4 to 4.8 billion euros for the year as a whole. “The industry is investing heavily in production facilities for electric cars and in the sustainable transformation of their plants,” explained Weyrauch.