Factsheet of the Dürr Group
The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient and resource-saving manufacturing processes in different industries. The Dürr Group supplies sectors like the automotive industry, mechanical engineering, chemical, pharmaceutical, medical technology and woodworking industries. It generated sales of € 3.32 billion in 2020. The company has more than 17,000 employees and 121 business locations in 33 countries. Since February 2021, the majority-owned automation specialist Teamtechnik has also been part of the Group. The Group operates in the market with the brands Dürr, Schenck and HOMAG and with five divisions.
Mid-term strategy
Our mid-term strategy is the roadmap for profitable growth and for raising earnings to a top level in the international mechanical and plant engineering sector. The new strategy is linked to medium-term targets for four key indicators:
- High profitability: The EBIT margin is to widen gradually to at least 8%.
- Organic sales growth: 2 to 3% p.a.
- Attractive return on capital: ROCE at least 25%
- Increase in the proportion of service business: Service business with its larger margins is to account for up to 30% of Group sales.
In order to achieve our goals and expand our leading position in the world market, we are continuing to push ahead with digitalization (digital@DÜRR) as a central strategic element. In addition, we are positioning ourselves to optimum effect in four strategic fields: global presence, innovation, efficiency, lifecycle services. We have also defined four enablers, i.e. supporting functions that are particularly important for the successful implementation of our strategy: sustainability, mergers & acquisitions, finance management and people development.
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 world market leader in about 95% of its product portfolio. Market entry barriers are high. Market shares range between 20 and 50%.
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 up to 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: About 40 to 50% of the business volume comes from emerging markets. Round 30% of the employees operate in these markets. No competitor has a similar market standing in these growing regions.
Growth:
Organic sales growth is expected to reach an average of 2% to 3%. In addition, over the long term, further acquisitions are expected to contribute to the expansion. The largest company acquisitions in recent years include the HOMAG Group in 2014 and Megtec/Universal in 2018. With acquisitions and cooperations like these, we have secured promising technologies and are investing in new markets. This was most recently confirmed by the majority stake in Teamtechnik at the beginning of 2021. The company, which specializes in automation, offers opportunities not only in our traditional business segments, but also in the production and testing of batteries, electric motors and medical technology.
Technology Leader:
We address the necessary reduction of costs per unit with its technologies - be it by lower energy and material consumption or by enhanced environmental compatibility.
Industry 4.0 / digital@DÜRR:
The Dürr Group, as a plant and mechanical engineering specialist, wants to retain its position at 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 is expected to rise gradually to at least 8%. We consider this level to be appropriate due to the increased share of mechanical engineering in our portfolio.
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. With our products, we enable resource-saving manufacturing processes.
Down to Earth:
In 2021, the Dürr Group will celebrate its 125th anniversary. The company has developed from a workshop into a global corporation. At the same time, we have remained a medium-sized company in the best sense of the word: Our employees have a sense of reliability and quality, they react quickly to changes and take decisive action. Just as customers would 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 2020: € 3,283 m
Sales revenues 2020: € 3,325 m
Key figures
| FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | |||
| Incoming orders | € m | 3,283.2 | 4,076.5 | 3,930.9 | 3,803.0 | 3,701.7 | 3,467.5 | 2,793.0 | 2,387.1 | |
|
Orders on hand (December 31) | € m | 2,556.7 | 2,742.8 | 2,577.2 | 2,449.4 | 2,568.4 | 2,465.7 | 2,725.3 | 2,150.1 | |
| Sales | € m | 3,324.8 | 3,921.5 | 3,869.8 | 3,713.2 | 3,573.5 | 3,767.1 | 2,574.9 | 2,406.9 | |
| EBITDA | € m | 125.3 | 308.5 | 326.9 | 367.7 | 360.3 | 348.2 | 262.9 | 230.4 | |
| EBIT | € m | 11.1 | 195.9 | 233.5 | 287.0 | 271.4 | 267.8 | 220.9 | 203.0 | |
| Financial result | € m | -29.7 | -21.2 | -13.8 | -19.8 | -13.3 | -23.3 | -16.2 | -18.4 | |
| Interest cost | € m | 39.7 | 33.4 | 27.5 | 27.7 | 26.5 | 33.5 | 26.4 | 22.8 | |
| Net income / loss of the Dürr Group | € m | -13.9 | 129.8 | 163.5 | 199.6 | 187.8 | 166.6 | 150.3 | 140.9 | |
|
Total asset (December 31) | € m | 3,878.8 | 3,882.3 | 3,614.4 | 3,511.6 | 3,348.5 | 2,986.7 | 2,976.1 | 1,991.8 | |
|
Equity (incl. minority interests) (December 31) | € m | 908.1 | 1,043.4 | 992.2 | 900.5 | 831.0 | 714.4 | 725.8 | 511.4 | |
|
Equity ratio (December 31) | % | 23.4 | 26.9 | 27.4 | 25.6 | 24.8 | 23.9 | 24.4 | 25.7 | |
| FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | |||
|
Net financial position (December 31) | € m | -49.0 | -99.3 | 32.3 | 176.3 | 176.5 | 129.4 | 167.8 | 280.5 | |
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Net working capital (December 31) | € m | 382.6 | 502.7 | 441.4 | 373.7 | 194.4 | 236.8 | 87.6 | -33.1 | |
| Gearing (Net financial debt/Net financial debt + Equity) (December 31) | % | 5.1 | 8.7 | -3.4 | -24.3 | -27.0 | -22.1 | -30.1 | -121.5 | |
| Net financial debt/EBITDA | -0.4 | 0.3 | - | - | - | - | - | - | ||
|
EBT/Interest expense (interest coverage ratio) | 0.5 | 7.3 | 11.5 | 13.4 | 13.7 | 10.7 | 12.6 | 10.7 | ||
|
Cash ratio (December 31) | % | 35.7 | 37.1 | 35.7 | 36.2 | 50.0 | 26.4 | 32.6 | 42.4 | |
| ROCE (EBIT/Capital employed) | % | 1.1 | 16.9 | 24.0 | 38.6 | 41.1 | 45.3 | 38.7 | 76.2 | |
| EVA | € m | -66.0 | 39.5 | 76.0 | 142.7 | 142.5 | 146.2 | 121.6 | 124.3 | |
|
Employees (December 31) | 16,525 | 16,493 | 16,312 | 14,974 | 15,235 | 14,850 | 14,151 | 8,142 | ||
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Excerpt of non-financial key figures (data in relation to sales; 2010 = 100) | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | ||
| Energy consumption | 64.6 | 61.2 | 55.5 | 60.8 | 66.2 | 61.6 | 56.7 | 56.5 | ||
| CO2 emissions | 74,91,2 | 90,62 | 86,52 | 70.7 | 73.8 | 69.1 | 60.5 | 57.9 | ||
| Water consumption | 82.4 | 84.5 | 85.3 | 92.1 | 84.4 | 83.6 | 93.0 | 84.9 | ||
| 1 Including renewable energies which were not yet included in 2010 2 Including CO2 emissions which were not yet included in 2010 | ||||||||||