Dürr defects the industry weakness: record orders in the first half of the year

Dürr defects the industry weakness: record orders in the first half of the year

Economic growth
Dürr defies the industry weakness with record orders

08.08.2024, 10:46 am

In a challenging economic environment, the Bietigheim company Dürr posted remarkable success in the first half of 2024. Despite a general weakness in the auto industry, the mechanical engineer and car supplier had record orders, which is an encouraging sign for the entire industry.

success factors and extraordinary products

The main reason for the extraordinary growth of orders that reach a total of 1.3 billion euros is located in the large orders for painting systems that came from both Germany and international markets such as China, southern Europe and Mexico. These special products not only brought Dürr into a cheap position within the industry, but also show the continued demand for advanced automation solutions.

Financial development and the future outlook

In the second quarter, sales rose by almost 6 percent to 1.18 billion euros, with the adjusted result before interest and taxes decreased slightly due to purchase price depreciation. Nevertheless, the net result of 19.1 million euros exceeded the expectations of many analysts and shows that the company remains on a solid course, despite the higher interest costs.

influence on the industry and the local community

Dürr's record orders have a positive effect on the local economy in Bietigheim-Bissingen. By creating and maintaining jobs and investing in modern technologies, the company helps to promote economic growth in the region. In addition, the innovative strength in the area of automation technology is strengthened, which should support the competitiveness of German industry in the long term.

outlook for the coming months

Dürr boss Jochen Weyrauch is optimistic and is aiming for an order intake between 4.6 and 5.0 billion euros for the year as a whole. With an expected increase in sales in the second half of the year and the confirmation of annual forecasts, the company remains on course to successfully implement its measures to increase efficiency and profitability. The target margin for the adjusted margin before interest and taxes of 4.5 to 6.0 percent continues to be sought, and profit after taxes is expected between 90 and 150 million euros.