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Ad-Hoc

Dürr AG: Dürr with profit in 2005

Dürr Aktiengesellschaft / Preliminary Results
Ad-hoc-Announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------Dürr with profit in 2005Dürr completes financial restructuring on its ownStuttgart, March 2nd, 2006 – Dürr finished realigning group activities tofocus on core business with the automotive industry at the end of 2005. Itsrange of products and services comprises painting and final assemblyequipment, environmental technology, balancing and diagnostic technologyfor vehicle components, and cleaning and filtration systems for productionof engine and transmission components.According to preliminary figures (IFRS), Dürr achieved 2005 a positiveresult after taxes in the group of EUR 4.3 million (previous year: EUR 4.7million). Set against high income from divestments (EUR 116 million) wereone-off expenses from the group's FOCUS program (EUR 74 million, includingEUR 46 million for restructuring). High interest expenses burdened theresult. Operating result (EBIT before one-off effects) in continuingoperations was positive despite difficult market conditions. Due to lowersales revenues, EBIT before one-off effects decreased by EUR 32.3 millioncompared with the previous year to EUR 3.5 million.Incoming orders in continuing operations declined by 12% last year to EUR1,217 million due to the weak demand in plant engineering business(painting and assembly equipment) and for industrial cleaning equipment.Set against that, however, was significantly higher demand in mechanicalengineering and systems business (including painting robots and applicationand balancing systems) and in environmental engineering. Sales revenues incontinuing operations decreased by EUR 326 million to EUR 1,400 millionmainly due to the expiration of large-scale contracts in the United States.The company's financial restructuring was completed at the end of 2005.Liquid funds increased by year's end to EUR 124 million (December 31, 2004:EUR 46.4 million). Drawings on the company's syndicated line of credit wererepaid in full as of December 31, 2005. Dürr accordingly reduced its netfinancial debt to EUR 85 million (September 30, 2005: EUR 312.2 million).Its financial ratios improved significantly by the end of 2005 partly dueto a capital increase, with the equity ratio at 20.9% compared with 15.5%as of December 31, 2004.Outlook: Improved operating result expected in 2006 'For 2006, we expect rising demand in service and modernization business,'says Ralf Dieter, chairman of Dürr AG's Board of Management, 'where we haveregistered an increase of project inquiries.' Overall, Dürr foresees littlechange of sales revenues. The operating result is expected to improvesignificantly. Dürr anticipates positive earnings after taxes. The year2006 will remain one of transition and implementation of the FOCUSrestructuring program. The positive effects of all FOCUS measures will onlyfind expression in the course of 2007.After approval by the Supervisory Board, the complete financial statementsfor 2005 will be presented at the financial press conference on March 30,2006.
in EUR m                                   2005             2004Sales revenues*                            1,400            1,725.9Incoming orders*                           1,217            1,387.4Operating result* (EBIT before one-off     3.5              35.8effects)Group earnings after taxes                 4.3              4.7Equity*                                    248              222.7Equity ratio*                              20.9%            15.5%Net financial debt*                        85               242.8
*Continuing operations: The Measuring & Process Technologies andDevelopment Test Systems business units and the Premier Group, which weresold in 2005, are no longer included in continuing operations. Adistinction between continuing and discontinued operations is no longernecessary in 2006.Contact:Dürr AG  Günter Dielmann Corporate Communications & Investor RelationsPhone: +49 (0)711 136-1785   Fax: +49 (0)711 136-1716 E-mail: corpcom@durr.comDGAP 02.03.2006 ---------------------------------------------------------------------- language:     Englishemitter:      Dürr Aktiengesellschaft              Otto-Dürr-Strasse 8              70435 Stuttgart - Zuffenhausen Deutschlandphone:        +49 (0)711 136-0fax:          +49 (0)711 136-1034email:        investor.relations@durr.comWWW:          www.durr.comISIN:         DE0005565204WKN:          556520indexes:      stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg End of News                                     DGAP News-Service