- Eighth consecutive dividend increase
- 4.8 % rise over the previous year
- Q1 figures (May 16, 2018) in accordance with IFRS 15 for the first time
Ralf W. Dieter, CEO of Dürr AG: "In 2017, Dürr's earnings after taxes exceeded the € 200 million mark for the first time. Our shareholders are to benefit from this positive earnings development with a € 2.20 dividend, the highest in our company's history." As reported, the Dürr Group achieved earnings after taxes of € 201.5 million in fiscal 2017. At € 289.6 million, EBIT also reached a new all-time high, as did order intake, rising to almost € 3.9 billion.
Based on 34.6 million shares, the total payout is € 76.1 million, with the payout ratio amounting to 37.8 % of consolidated net profit (2016: 38.4 %). At the same time, the full-time tariff employees working for the Dürr Group in Germany will again this year receive the maximum profit-sharing bonus of € 2,750.
Dürr's annual report for 2017 will be published on www.durr-group.com on March 22, 2018; a printed version will be available from mid-April.
The figures for the first quarter of 2018, due to be published on May 16, will be prepared in accordance with the new International Financial Reporting Standard (IFRS) 15 "Revenue from Contracts with Customers" for the first time. Dürr does not expect any material effects to arise from the first application of IFRS 15. In the first quarter of 2017, EBIT had included high extraordinary income of € 23 million from the sale of the Dürr Ecoclean Group (industrial cleaning technology).