Factsheet of the Dürr Group
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 2024, the company generated sales of €4.7 billion. The Dürr Group has around 20,000 employees and 139 business locations in 33 countries. As of January 1, 2025, the former divisions Paint and Final Assembly Systems and Application Technology were merged to form the new Automotive division. Since then, the Dürr Group has been operating in the market with four divisions.
Strategy and mid-cycle targets
In 2024, key aspects of the corporate strategy were refined and reformulated. We placed the guiding principle of “Sustainable Automation” at the core of the strategy, which highlights the two main growth drivers for our business:
- the sustainable transformation of our customers’ production processes and
- automation technology as a Group-wide key technology
Focusing on these two growth drivers opens up opportunities for us, both in our established core business and in new growth business areas.
Our corporate strategy is oriented to both profitability and growth and is linked to several KPI targets:
- 5 to 6% sales growth: Sales are to grow by an average of 5% to 6% per year between 2023 and 2030, reaching more than €6 billion in 2030.
- High profitability: The EBIT margin before extraordinary effects is to widen to at least 8%. This is a mid-cycle target, achievement of which is predicated on normal market conditions free of any major dislocations.
- Attractive return on capital: We are aiming for an ROCE of at least 25%. This is also a mid-cycle target.
- Good cashflows: We are aiming for a cash conversion rate of at least 80% (free cash flow is at least 80% of earnings after tax).
- Solid balance sheet: The ratio of net financial liabilities to EBITDA should not exceed 2.0.
- Increased share of service business: With its higher margins, service business is to consistently contribute at least 30% to Group sales.
Strategic portfolio management
We engage in portfolio management based on the guiding principle of “Sustainable Automation”. In this way, we are strengthening our strategic focus on sustainability and automation as growth drivers and structuring the Group in such a way that we can permanently achieve our margin target of at least 8%.
Our portfolio management features two dimensions: On the one hand, we are optimizing our core business (Automotive and Woodworking divisions) so that they can achieve their respective margin targets in the best possible way. On the other hand, we are engaging in acquisitions and disposals to build up new business areas within our strategic focus and to sell businesses that are outside our focus.
Synergies and skills
The three divisions Automotive, Industrial Automation, and Woodworking are active in largely different markets but share key skills. In addition, they are exploiting synergistic potential under the umbrella of the Dürr Group.
As a mechanical and plant engineering company, we offer our customers end-to-end technological solutions. We serve our customers on a long-term basis and in partnership projects. This calls for overarching core competences, strengths, and prerequisites that we develop as part of the strategy and that all divisions share:
- Innovation and engineering expertise for the development of leading-edge technological products (mechanics, electrical, software/AI)
- Project management expertise for the reliable management of large, often multi-year contracts
- Service expertise to provide optimum support, to modernize our installed base, and to generate above-average contributions to earnings
- Localization: Efficient locations in all major markets, partly local product development
- Customer expertise: Detailed knowledge of our customers’ production processes
- Teams and corporate culture: Highly qualified employees, encouragement of self-initiative, entrepreneurial approach, and commitment.
Consensus Estimates 2025/2026
(as of March 17, 2025)
2024 | 2025e | 2026e | ||
---|---|---|---|---|
Sales | € m | 4,698 | 4,965 | 5,167 |
EBIT reported | € m | 206 | 274 | 327 |
Net profit | € m | 102 | 162 | 203 |
The Dürr share
Shareholder Structure Dürr AG (figures rounded)
Structure of the latest recommendations of analysts
Good reasons to be invested in Dürr
World market leader:
The Dürr Group is one of the world’s leading mechanical and plant engineering firms with a diversified product portfolio. Market entry barriers are high. We operate in niche markets, where we are either the market leader or among the largest suppliers, with market shares ranging from 10% to 60%.
Service potential:
The service business has above-average margins and makes a particularly significant contribution to customer loyalty. We are aiming to achieve a service share in Group sales of consistently at least 30%. To that end, we align our → service activities with the entire lifecycle of our machines and systems, benefitting from an increasing number of installed machines and systems.
Market positioning:
Very good geographic positioning: Thanks to our international presence, we are represented in all of the world’s key market regions. About 42% of the business volume comes from emerging markets. Around 36% of the employees operate in these markets.
Growth:
We have set ourselves the goal of increasing sales by 5% to 6% annually to over €6 billion in 2030. The → established business is expected to contribute to this with growth rates of 0% to 2% or 3% to 9%, depending on the activity. In the → growth business, we expect average growth rates of more than 10% p.a.
Technology leader:
With our technologies, we enable efficient production processes with a minimized environmental impact.
Automation:
The solutions that we develop for different industries and production tasks are characterized by high-level automation. We are specifically sharpening our strategic focus on this field of technology as we expect demand for automated production processes to grow in many industries. This reflects rising quantity and quality requirements, which cannot be met by manual processes, the shortage of skilled employees and rising labor costs.
Digitalization:
The Dürr Group, as a mechanical and plant engineering firm, wants to retain its position as the market vanguard in the digital era. We are driving forward the digitalization of our products, services and processes under → digital@DÜRR.
High profitability:
The EBIT margin before extraordinary effects is to rise to at least 8%. We consider this level to be appropriate due to the increased share of mechanical engineering in our portfolio. The achievement of this goal is dependent on a normal market environment without any major disruptions.
Value creation:
We are aiming for a ROCE of at least 25%, based on high EBIT contributions in mechanical engineering and low capital employed in plant construction.
Sustainability:
Our economic activities are consistent with ecological and social concerns as well as responsible corporate governance. Our climate targets support the achievement of the global 1.5°C target and have been validated by the climate technology company right°. With our products, we enable resource-saving manufacturing processes.
→ Sustainability in the Dürr Group
Down to earth:
The Dürr Group has been in existence for over → 125 years. The company has developed from a workshop into a global corporation. At the same time, we have preserved the spirit of a medium-sized company in the best sense: Our employees have a sense of reliability and quality, they react quickly to changes and take decisive action. Just as customers expect from a medium-sized company. The hierarchies are flat, the paths short — and everyone pitches in. Even today, the founding Dürr family still holds more than 25% of the company.
Incoming orders 2024*: € 5,137 m
Sales revenues 2024*: € 4,698 m
Key figures
FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | |||
Incoming orders1 | € m | 4,745.7 | 4,182.8 | 5,008.4 | 4,291.0 | 3,283.2 | 4,076.5 | 3,930.9 | 3,803.0 | 3,701.7 | |
Orders on hand1 (December 31) | € m | 4,160.6 | 3,886.9 | 4,014.0 | 3,361.0 | 2,556.7 | 2,742.8 | 2,577.2 | 2,449.4 | 2,568.4 | |
Sales1 | € m | 4,290.9 | 4,196.0 | 4,314.1 | 3,536.7 | 3,324.8 | 3,921.5 | 3,869.8 | 3,713.2 | 3,573.5 | |
EBITDA1 | € m | 307.5 | 261.9 | 337.5 | 299.4 | 125.3 | 308.5 | 326.9 | 367.7 | 360.3 | |
EBIT before extraordinary effects1 | € m | 196.0 | 224.3 | 232.2 | 199.1 | 99.5 | 263.1 | 274.9 | 283.7 | 286.4 | |
EBIT1 | € m | 152.4 | 139.8 | 205.9 | 175.7 | 11.1 | 195.9 | 233.5 | 287.0 | 271.4 | |
Financial result1 | € m | -40.0 | -20.9 | -17.8 | -43.1 | -29.7 | -21.2 | -13.8 | -19.8 | -13.3 | |
Interest cost1 | € m | 76.1 | 57.6 | 30.6 | 51.0 | 39.7 | 33.4 | 27.5 | 27.7 | 26.5 | |
Net income / loss of the Dürr Group1 | € m | 62.4 | 71.0 | 134.3 | 84.9 | -13.9 | 129.8 | 163.5 | 199.6 | 187.8 | |
Total asset2 (December 31) | € m | 4,978.4 | 5,156.0 | 4,530.9 | 4,153.6 | 3,878.8 | 3,882.3 | 3,614.4 | 3,511.6 | 3,348.5 | |
Equity (incl. minority interests)2 (December 31) | € m | 1,223.7 | 1,177.0 | 1,124.2 | 1,005.6 | 908.1 | 1,043.4 | 992.2 | 900.5 | 831.0 | |
Equity ratio2 (December 31) | % | 24.6 | 22.8 | 24.8 | 24.2 | 23.4 | 26.9 | 27.4 | 25.6 | 24.8 | |
FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | |||
Net financial position3 (December 31) | € m | -396.2 | -516.6 | -46.4 | -99.5 | -49.0 | -99.3 | 32.3 | 176.3 | 176.5 | |
Net working capital3 (December 31) | € m | 421.3 | 545.3 | 415.9 | 427.9 | 382.6 | 502.7 | 441.4 | 373.7 | 194.4 | |
Gearing (Net financial debt/Net financial3 debt + Equity) (December 31) | % | 24.5 | 30.5 | 4.0 | 9.0 | 5.1 | 8.7 | -3.4 | -24.3 | -27.0 | |
Net financial debt/EBITDA3 | 1.3 | 1.6 | 0.1 | 0.3 | 0.4 | 0.3 | - | - | - | ||
EBT/Interest expense1 (interest coverage ratio) | 3.8 | 5.7 | 10.8 | 4.1 | 0.5 | 7.3 | 11.5 | 13.4 | 13.7 | ||
Cash ratio1 (December 31) | % | 37.2 | 37.7 | 29.2 | 27.9 | 35.7 | 37.1 | 35.7 | 36.2 | 50.0 | |
ROCE (EBIT/Capital employed)1 | % | 11.4 | 14.8 | 17.3 | 15.5 | 1.1 | 16.9 | 24.0 | 38.6 | 41.1 | |
Dürr Group Value Added (DGVA)2 | € m | -20.6 | -24.1 | 18.3 | 38.8 | -66.0 | 39.4 | 76.0 | 142.7 | 142.5 | |
Employees1 (December 31) | 18,604 | 19,320 | 18,514 | 17,802 | 16,525 | 16,493 | 16,312 | 14,974 | 15,235 | ||
Excerpt of non-financial key figures | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | ||
Energy consumption2,4 | MWh per € m sales revenues | 28.3 | 29.1 | 31.7 | 36.1 | 37.4 | 33.6 | 30.7 | 33.6 | 36.7 | |
Greenhouse gas emissions (Scope 1+2)2,4,5 | t CO2 equivalent per € m sales revenues | 5.3 | 5.5 | 8.1 | 13.7 | 14.8 | 14.5 | 15.8 | 16.9 | 17.6 | |
Water consumption2,6 | m3 per € m sales revenues | 39.2 | 44.5 | 49.6 | 50.2 | 51.5 | 52.0 | 56.1 | 51.4 | ||
1 Key figures for 2024 and 2023 include continued operations (excl. environmental technology business). Key figures for 2022 and previous years include the entire group (incl. environmental technology business) | |||||||||||
2 Key figures include the entire group (incl. environmental technology business) | |||||||||||
3 Key figures for 2024 do not include held for sale positions. Key figures for 2023 include the entire group (incl. environmental technology business) | |||||||||||
4 2020 und 2019 figures adjusted due to recalculation based on Greenhouse Gas Protocol in 2021 | |||||||||||
5 2022 figure was adjusted retrospectively | |||||||||||
6 Water consumption for BBS Automation was not recorded for 2023 |