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Dürr Aktiengesellschaft: Dürr achieves strong growth in the first six months and raises forecast for 2011

Dürr Aktiengesellschaft  / Key word(s): Preliminary Results/Change in Forecast
Jul 20, 2011
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.
Dürr achieves strong growth in the first six months and raises forecast for2011Bietigheim-Bissingen, July 20, 2011 - On the basis of preliminary figures,Dürr increased its consolidated group sales by 51% year over year to EUR783 million in the first six months of 2011. EBIT rose to EUR 32 million(H1/2010: EUR 1.1 million). Incoming orders were up 63% to EUR 1,200million. These results exceed the company's and the capital market'sprevious expectations.Dürr expects the positive development to continue in the second half of theyear and now forecasts growth of about 20% in incoming orders to almost EUR2 billion for the full year 2011. The previous guidance had been for growthof 5%. Dürr is also raising its earnings forecast for 2011. An EBIT marginof 4.0 to 4.5% is now targeted after the 3.5 to 4.0% previously forecast.The sales guidance has been upped to EUR 1.75 billion after it had alreadybeen raised to EUR 1.65 billion at the beginning of June. The main reasons for the better-than-expected development are the continuedstrong global demand from the automotive industry and the high level ofcapacity utilization and resulting scale effects.All the figures are preliminary and have not been audited. Dürr will bereleasing the final results for the second quarter and the first six monthsof 2011 together with the overall outlook for the full year on August 4,2011.Dürr AGGünter Dielmann/Mathias ChristenCorporate Communications & Investor RelationsTel +49 7142 78-1785/-1381Fax +49 7142 78-1716  Email corpcom@durr.com20.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de
 Language:     EnglishCompany:      Dürr Aktiengesellschaft              Carl-Benz-Str. 34              74321 Bietigheim-Bissingen              GermanyPhone:        07142 78-1785Fax:          07142 78-1716E-mail:       investor.relations@durr.comInternet:     www.durr.comISIN:         DE0005565204WKN:          556520Indices:      SDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement                             DGAP News-Service