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Press Release

Dürr AG issues second green Schuldschein loan of €350 million for sustainable products and climate-friendly projects

Bietigheim-Bissingen, April 23, 2024 — Dürr AG has successfully issued another green Schuldschein loan to the tune of €350 million. The proceeds will be used entirely to finance sustainable product innovations and climate-friendly projects. In this context, the mechanical and plant engineering firm takes into account the EU Taxonomy for classifying environmentally sustainable economic activities and follows its own Sustainable Finance Framework. With the new Schuldschein loan, the Dürr Group continues on its path of sustainable corporate financing.

A green Schuldschein loan was issued to interested investors for the first time in April 2023. The volume of last year’s issue amounted to €300 million. With the issue of a second green Schuldschein loan worth €350 million, which has now been completed, the Dürr Group is consistently pursuing its path of sustainable corporate financing. As with the first green Schuldschein loan, the SDax Group is also committed to the exclusively “green” use of the funds raised through this loan.

Dietmar Heinrich, CFO of Dürr AG, commented: “Through our Sustainable Finance Framework, we have been offering investors the opportunity to support sustainable projects for some time now. We are all the more pleased to see such resolute support from investors for our commitment to sustainability and environmental protection. The positive response to the issue of this loan underpins investors’ confidence in the Dürr Group's sustainability strategy.”

The proceeds have been earmarked, among other things, for operating expenses arising from taxonomy-aligned customer projects. In addition, the Dürr Group is investing in the sustainability of its own sites, for example by installing photovoltaics for green self-generated electricity and by constructing energy-efficient buildings. “The Schuldschein loan will also help to further improve the maturity structure of our financial liabilities,” Heinrich added.

The green Schuldschein loan, which was significantly oversubscribed, consists of tranches with terms of three, five, and seven years, subject to fixed and variable interest rates. The average interest rate currently stands at 5.04%. The transaction was signed on April 11; the Dürr Group will receive the proceeds on April 23. The transaction was arranged and structured by UniCredit, BNP Paribas, Deutsche Bank, and Landesbank Baden-Württemberg. Dürr AG’s legal adviser was the Freshfields Bruckhaus Deringer law firm.

Sustainable financing based on the Sustainable Finance Framework
In issuing the loan, the company benefited from its Sustainable Finance Framework, which was published in November 2022. The framework specifies the purposes for which sustainable financing instruments such as the green Schuldschein loan may be used, and imposes regular reporting obligations on the Dürr Group. This transparency meets investors’ information requirements and makes it substantially easier to raise “green” funds on the capital market.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with particular expertise in the technology fields of automation, digitalization, and energy efficiency. Its products, systems, and services enable highly efficient and sustainable manufacturing processes – mainly in the automotive industry and for producers of furniture and timber houses, but also in sectors such as the chemical and pharmaceutical industries, medical devices, electrical engineering, and battery production. In 2023, the company generated sales of €4.6 billion. The Dürr Group has over 20,500 employees and 142 business locations in 32 countries, and it operates in the market with five divisions:

  • Paint and Final Assembly Systems: paint shops as well as final assembly, testing, and filling technology for the automotive industry
  • Application Technology: robots and products for the automated application of paint, sealants, and adhesives
  • Clean Technology Systems: air pollution control, coating systems for battery electrodes, and noise abatement systems
  • Industrial Automation Systems: automated assembly and test systems for automotive components, medical devices, and consumer goods as well as balancing 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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