Last year, Dürr AG paid out a dividend of €0.50 per share. The increase that has now been proposed is based on the rise in earnings after tax to €134.3 million in 2022 (2021: €84.9 million). In addition, the mechanical and plant engineering firm achieved another high level of free cash flow of €117.1 million (2021: €120.8 million). CEO Dr. Jochen Weyrauch says: “We performed well in 2022 and were able to improve our earnings despite supply chain problems and a high cost of materials. We want our shareholders to benefit from this positive development.”
In 2022, sales reached a new all-time high of €4.3 billion, as did order intake, at €5.0 billion. “For 2023, we expect another substantial increase in sales and a disproportionately high rise in earnings. E-mobility and the introduction of sustainable production processes are key drivers of our profitable growth,” CEO Weyrauch adds.
In total, Dürr AG is planning a dividend payout of €48.4 million this year. This corresponds to 36.1% of earnings after tax in 2022. The payout ratio is thus at the top end of Dürr AG's usual range of 30% to 40%.
Profit-sharing bonus for employees
The Dürr Group’s pay-scale employees in Germany will receive a profit-sharing bonus of €1,250 in April. “Our employees were highly instrumental in enabling the company to show such resilience in the face of the adverse conditions of 2022. We were able to rely fully on their commitment and flexibility, which means the profit-sharing bonus is very well deserved,” Dr. Jochen Weyrauch says. A tax-free inflation compensation premium of €1,500 was paid in Germany back in January.
Dürr AG to increase dividend by 40% to €0.70
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 18,500 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.
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
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