Last year Dürr AG paid out € 1.00 per share. The reason for the dividend adjustment is the 21% decline in earnings after tax to € 129.8 million in 2019. This resulted primarily from high extraordinary expenses to the tune of € 67.2 million. These were largely attributable to structural and optimization measures at HOMAG, which are expected to lead to a significant increase in earnings from 2021.
Says Ralf W. Dieter, CEO of Dürr AG: “We are consistently working to reduce costs and increase efficiency in various areas across the Group. We are thus laying the foundation for a sustained rise in earnings from 2021.”
In total, Dürr AG is planning a dividend payout of € 55.4 million this year. The payout ratio is 43% of the Group’s earnings after tax (previous year: 42%).
Profit-sharing bonus for employees in Germany
The Dürr Group’s full-time tariff employees who are based in Germany will receive a profit-sharing bonus of € 2,000 this year. Last year, the bonus stood at € 2,250 in the Dürr and Schenck sub-groups and € 2,750 in the HOMAG Group.
Dürr AG will publish its 2019 annual report on March 20. The preliminary figures for 2019 were already published on February 27.