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Press Release

Dürr AG proposes dividend of € 0.80 per share

Bietigheim-Bissingen, March 19, 2020 – Dürr AG will propose to its shareholders a dividend of € 0.80 per share for fiscal 2019. At its meeting held today, the Supervisory Board agreed to the corresponding Board of Management proposal for the annual general meeting.

Last year Dürr AG paid out € 1.00 per share. The reason for the dividend adjustment is the 21% decline in earnings after tax to € 129.8 million in 2019. This resulted primarily from high extraordinary expenses to the tune of € 67.2 million. These were largely attributable to structural and optimization measures at HOMAG, which are expected to lead to a significant increase in earnings from 2021.

Says Ralf W. Dieter, CEO of Dürr AG: “We are consistently working to reduce costs and increase efficiency in various areas across the Group. We are thus laying the foundation for a sustained rise in earnings from 2021.”

In total, Dürr AG is planning a dividend payout of € 55.4 million this year. The payout ratio is 43% of the Group’s earnings after tax (previous year: 42%).

Profit-sharing bonus for employees in Germany
The Dürr Group’s full-time tariff employees who are based in Germany will receive a profit-sharing bonus of € 2,000 this year. Last year, the bonus stood at € 2,250 in the Dürr and Schenck sub-groups and € 2,750 in the HOMAG Group.

Dürr AG will publish its 2019 annual report on March 20. The preliminary figures for 2019 were already published on February 27.

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 manufacturing processes in different industries. The Dürr Group supplies sectors like the automotive industry, mechanical engineering, chemical, pharmaceutical and woodworking industries. It generated sales of € 3.92 billion in 2019. The company has around 16,500 employees and 112 business locations in 34 countries. The Group operates in the market with the brands Dürr, Schenck and HOMAG and with five divisions:

  • Paint and Final Assembly Systems: paint shops as well as final assembly, testing and filling technology for the automotive industry
  • Application Technology: robot technologies for the automated application of paint, sealants and adhesives
  • Clean Technology Systems: air pollution control, noise abatement systems and coating systems for battery electrodes
  • Measuring and Process Systems: balancing equipment and diagnostic technology
  • Woodworking Machinery and Systems: machinery and equipment for the woodworking industry

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.