Duerr Says H1 Earnings After Tax Dropped To EUR 39.2 Mln
Aug 8 (Reuters) -DUERR AG DUEG.DE:
ORDER INTAKE ROSE BY 7.9% TO EUR 2.79 BILLION IN H1
H1 SALES GREW BY 6.9% TO EUR 2.28 BILLION, WITH HIGHER-MARGIN SERVICE BUSINESS GROWING BY 8.4%
SALES ARE EXPECTED TO GAIN MOMENTUM IN THE SECOND HALF OF THE YEAR
MARGIN CAME TO 5.0%, THUS EXCEEDING THE SAME PERIOD OF THE PREVIOUS YEAR (4.9%)
EXPECTS FY ORDER INTAKE TO REACH UPPER END OF TARGET RANGE OF EUR 4.6 BILLION TO 5 BILLION IN 2024
FREE CASH FLOW WAS AT EUR 43.8 MILLION IN H1
SHOULD COMFORTABLY ACHIEVE ITS FULL-YEAR TARGET OF AN EBIT MARGIN OF 4.5 TO 6.0%
Q2 ORDER INTAKE AT EUR 1.3 BILLION
Q2 SALES AT EUR 1.2 BILLION
Q2 EBITDA EUR 80.3 MILLION
EBIT MARGIN BEFORE EXTRAORDINARY EFFECTS WILL PRESUMABLY SHRINK COMPARED WITH 2023 (6.1%)
EARNINGS AFTER TAX SHOULD REACH EUR 90 TO 150 MILLION IN 2024
EARNINGS AFTER TAX DROPPED TO EUR 39.2 MILLION IN H1
Further company coverage: DUEG.DE
(Gdansk Newsroom)
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