Duerr AG

DUEB

Equity

ISIN US2668881061 / Valor 28889946

Deutsche Boerse AG (2024-12-23)

EUR 3.94+0.51%

Duerr AG
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About company

Duerr AG, operating under the Dürr Group, is a leading mechanical and plant engineering firm with a strong focus on automation and digitization. The company offers a wide range of products in robot, process, and assembly technology for vehicle production, particularly in painting and final assembly lines. Additionally, Duerr provides painting technology for general industry and efficient systems for exhaust air purification, production process efficiency, and sound insulation technology across various industries. With a portfolio that includes smart automatic and supervisory control systems, Duerr aims to provide optimized final assembly solutions to customers globally through its NEXT.assembly division.

Summarized from source with an LLMView SourceSector: Industrials

Q1 2024 Revenue Growth

Duerr AG reported a revenue increase of 8.3% in the first quarter of 2024, with total sales revenues reaching €1098.4 million. This growth highlights the company's strong performance across its various business sectors.

Q1 2024 EBIT Improvement

In the first quarter of 2024, Duerr AG achieved a significant improvement in EBIT, which rose by 27.3% to €53.5 million before extraordinary effects. This increase is indicative of enhanced operational efficiency and profitability.

Strong Order Intake

Duerr AG experienced a robust order intake in the second quarter of 2024, particularly in the automotive sector. This surge is expected to contribute positively to the company's revenue streams in upcoming quarters.

Service Business Contribution

As of the first half of 2024, Duerr AG's service business constituted more than 29% of total sales, underscoring the company's strategic focus on expanding its service offerings alongside its core product lines.

2024 Full-Year Outlook

Duerr AG remains optimistic about meeting its full-year targets for 2024, buoyed by strong sales performance and a healthy order book. The company continues to execute its strategic initiatives effectively, aiming for sustained growth and profitability.

Summarized from source with an LLMView Source

Key figures

-2.96%1Y

-49.5%3Y

%5Y

Performance

35.1%1Y

52.3%3Y

93.1%5Y

Volatility