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Dürr Aktiengesellschaft: Dürr with further growth acceleration and earnings increase in the third quarter 

Dürr Aktiengesellschaft  / Key word(s): Preliminary Results/Change in Forecast
Oct 18, 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 with further growth acceleration and earnings increase in the thirdquarter18.10.2011 - Dürr AG - WKN 556520 / ISIN DE0005565204Bietigheim-Bissingen, October 18, 2011 - Based on preliminary figures, theDürr Group booked orders worth EUR 866 million in the third quarter of 2011(+138% versus Q3 2010). Demand thus continued to pick up contrary to thegeneral economic trend. Order intake for the first nine months rose to EUR2,066 million (+88%). Accordingly, the Group has already topped theapproximately EUR 2.0 billion mark targeted for the full year 2011. At EUR2,122 million as of September 30, orders on hand topped the EUR 2.0 billionmark for the first time. Sales in the first nine months of 2011 increasedto EUR 1,307 million (+53%); the third quarter was the strongest quarter sofar this year, with revenues of EUR 524 million (+56% versus Q3 2010). EBITadvanced to EUR 62 million; almost half of that or EUR 29 million wasgenerated in the third quarter (Q3: 2010: EUR 13.2 million). With an EBITmargin of 4.7% for the first nine months, Dürr exceeded its guidance of 4.0to 4.5% for the full year. Earnings after tax rose to EUR 35 million in thefirst nine months of 2011 after EUR -9.9 million in the same period lastyear.With a number of large orders, for example from China and Mexico, Dürragain benefited in the third quarter from the automobile industry'scontinued high level of investment activity in the emerging markets. Theemerging markets will probably account for over 65% of total order intakein 2011, with China alone contributing nearly 40%. In the past twelvemonths Dürr has increased its workforce in the emerging markets by 30%,while in the established markets it has grown by only 9%. The emergingmarkets now account for 30% of the Group's 6,672 employees.Operating cash flow improved to EUR 28 million in the first nine months of2011. In the same period last year it had been EUR -33 million. The netfinancial status was slightly positive at EUR +1 million at the end of thethird quarter of 2011 (September 30, 2010: EUR -57.5 million).After the strong third quarter Dürr now expects order intake for the fullyear 2011 to be in the region of EUR 2.5 billion. The sales forecast for2011 is being raised from EUR 1.75 billion to EUR 1.8 billion. The EBITmargin is expected to be around 5.0% instead of the 4.0% to 4.5% previouslyforecast. Earnings after tax should grow more than proportionally on theback of an improved financial result and a lower effective tax rate.Despite the troubles on the financial markets and the weakened economicexpectations Dürr currently sees no signs of a decrease in demand in theautomobile industry; requests for quotation remain at a high level.All the figures are preliminary and have not been audited. Dürr is offeringthe opportunity for a conference call with the management board on October19 at 10.30 a.m. Dürr will be releasing the final results for the thirdquarter and the first nine months of 2011 on November 3, 2011. There willbe no conference call on that day. 
Key figures Dürr Groupin EUR million                    9M 2011    9M 2010    Q3 2011    Q3 2010Incoming orders                     2,066    1,100.7        866      363.6Orders on hand (Sept. 30)           2,122    1,257.3      2,122    1,257.3Sales                               1,307      854.5        524      336.6EBITDA (earnings before                77       28.1         34       17.7financial result, taxes,depreciation andamortization)EBIT (earnings before                  62       14.3         29       13.2financial result andtaxes)Earnings after tax                     35       -9.9         19        3.4Earnings per share (in EUR)           1.9      -0.60        1.0       0.18Cash flow from operating               28      -33.4         53      -31.2activitiesFree cash flow                         -5      -55.0         29      -40.4Capital expenditure                    16       10.0        4.4        4.5Equity (with non-controlling          341      294.4        341      294.4interests) (Sept. 30)Equity ratio (in %)                    23       25.5         23       25.5(Sept. 30)Net financial debt (Sept. 30)          +1      -57.5         +1      -57.5Employees (Sept. 30)                6,672      5,825      6,672      5,825
Dürr AGGünter Dielmann/Mathias ChristenCorporate Communications & Investor RelationsPhone +49 7142 78-1785/-1381Fax +49 7142 78-1716  Email corpcom@durr.com18.10.2011 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