* Asia (ex Japan), Mexico, Brazil, Eastern Europe
- IFRS 9 (Financial instruments), first-time application in 2018: The guidance on recognition, measurement, derecognition and hedge-accounting of financial assets and liabilities has been revised. As of the date of first-time adoption (January 1, 2018), there will be a reduction in equity in the mid single-digit millions. We expect this to have only a minor impact on earnings in 2018 and future years.
- IFRS 15 (Revenue from contracts with customers), first-time application in 2018: no material impact on assets and earnings. The figures for 2017 will be restated. Revenues will drop by € 2.2 m and EBIT by € 2.6 m in 2017. There will be no changes to net financial status as of December 31, 2017 but equity will drop by € 3.2 m and there will be an increase of € 11.6 m in NWC. Details of the impact can be seen in the PDF attachment. All tables/financial figures for 2017 were adjusted with regard to IFRS 15.
- IFRS 16 (Leases), first-time application in 2019: The impact of the new standard is currently being reviewed. We will inform you of the impact of this standard later on in 2018. At the end of 2017, operating leases were valued at € 89.8 m.
Further information can be found on pages 112 to 115 of our 2017 annual report. The application of the new standards does not have any impact on our outlook for 2018.
This publication has been prepared independently by Dürr AG/Dürr group (“Dürr”). 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 Dürr's disclosures, in particular in the chapter “Risks” in Dürr's annual report. 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 Dürr 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 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). Dürr's net assets, financial position and results of operations 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 can be found in our financial glossary on the Dürr webpage.