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  • Dürr AG´s annual general meeting 2023
Press Release

Dürr AG increases dividend to €0.70

Bietigheim-Bissingen, May 12, 2023 — At today's annual general meeting, the Dürr AG shareholders approved a dividend of €0.70 per share for the 2022 fiscal year. This is a 40% increase on the previous year. Attended by around 500 participants, the annual general meeting took place at the company’s Bietigheim-Bissingen headquarters again for the first time since 2019. In the intervening years, it had to be held virtually due to the coronavirus pandemic.

The dividend increase takes account of the fact that Group earnings before tax rose from €85 million to €134 million in 2022. “We want to offer our shareholders an attractive dividend and enable them to benefit appropriately from our earnings increase”, said Dr. Jochen Weyrauch, CEO of Dürr AG, in his speech.

The head of Dürr emphasized the new all-time highs in order intake and sales, achieved in 2022 despite the challenging economic environment, and gave thanks to the employees: “Without the impressive commitment by the 18,500-plus people in the Group, these records would not have been possible. Our employees pulled out all the stops to execute projects successfully despite supply chain problems and coronavirus restrictions.”

The CEO put the high order intake down to the product range being aligned with the topics of the future: sustainability, electromobility, and automation. “These trends are being prioritized by customers. Therefore, they invest in our technologies even in the face of economic headwinds. This gives our business model stability and secures our growth.” Weyrauch underlined in particular the expertise in climate-friendly production processes: “Many customers want to reduce the ecological footprint of their plants and are seeking alternatives to the use of fossil fuels. For this transformation we are an important pioneer.”

Dr. Markus Kerber joins the Supervisory Board
At the annual general meeting, Dr. Markus Kerber was newly elected to the Supervisory Board as a shareholder representative. The economist and political coordinator succeeds Richard Bauer, who left the Supervisory Board at his own request after six years.

With 74% of the share capital present at the annual general meeting, the Board of Management was discharged from liability with 99% and the Supervisory Board with 95% of the votes. All other resolutions proposed by the company were also passed. These include the approval of the new system for Board of Management remuneration and various capital resolutions.

The voting results are available → here.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation, digitalization and energy efficiency. Its products, systems and services enable highly efficient and sustainable manufacturing processes in different industries. The Dürr Group primarily supplies the automotive industry, producers of furniture and timber houses as well as the chemical, pharmaceutical, medical devices and electrical engineering sectors. It generated sales of €4.3 billion in 2022. The company has about 18,700 employees and 123 business locations in 32 countries. The Dürr Group operates in the market with the brands Dürr, Schenck and HOMAG and with five divisions:

  • Paint and Final Assembly Systems: paint shops as well as final assembly, testing and filling technology for the automotive industry, assembly and test systems for medical devices
  • Application Technology: robot technologies for the automated application of paint, sealants and adhesives
  • Clean Technology Systems: air pollution control, coating systems for battery electrodes and noise abatement systems
  • Measuring and Process Systems: balancing equipment and diagnostic technology
  • Woodworking Machinery and Systems: machinery and equipment for the woodworking industry

This publication has been prepared independently by Dürr AG/Dürr group. It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in disclosures of Dürr AG, in particular in the chapter “Risks” in the annual report of Dürr AG. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of the Dürr group may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr AG neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.

Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards). Net assets, financial position and results of operations of the Dürr group should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology. Further information regarding the alternative financial metrics used at Dürr AG can be found in our → financial glossary on the web page.

Andreas Schaller
Andreas Schaller
Vice President & Spokesperson
Corporate Communications & Investor Relations
Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
 Business Card.vcf
Mathias Christen
Senior Manager & Spokesperson
Corporate Communications & Investor Relations
Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
 Business Card.vcf

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