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Press Release

Highest dividend to date agreed at annual general meeting

Bietigheim-Bissingen, May 9, 2018 – The shareholders of Dürr AG will benefit from the company's success in 2017 through a € 2.20 dividend. The relevant proposal by the Supervisory Board and the Board of Management was approved by a large majority at today's annual general meeting. This year's dividend is the highest to date since the initial public offering in 1990. It constitutes a 4.8 % increase over the previous year (€ 2.10 per share). Dürr will be paying out a total of € 76.1 million, equivalent to 38 % of 2017 consolidated net profit.

  • Payout of € 2.20 per share
  • Shareholders approve bonus shares program
  • Ralf W. Dieter: "Dürr sets the course for the digital future"

Speaking to around 550 shareholders, Ralf W. Dieter, CEO of Dürr AG, commented on the eighth consecutive dividend increase: "The dividend reflects our company's success. We owe this success to our 15,000 employees, who make sure that the Dürr, Schenck and HOMAG brands stand for innovative strength and reliability worldwide."

In his speech, the CEO emphasized the opportunities of digitization: "We are setting the course to ensure that we stay ahead of the competition as the digital age advances. Dürr is seen as one of the digital pioneers in mechanical and plant engineering." With regard to the ADAMOS IoT platform and the digital marketplaces, LOXEO and tapio, Dieter said: "We have a high-performing infrastructure for marketing our digital range. On this basis, we are developing innovations which enable our customers to benefit from the advantages of networked production."

The annual general meeting was led for the first time by the new Chairman of the Dürr AG Supervisory Board, Karl-Heinz Streibich. Streibich, CEO of Software AG and one of the leading experts of the Industrial Internet of Things, said: "Through the digital@DÜRR strategy, Dürr is showing how combining conventional mechanical and plant engineering with modern software and Internet technology leads to success."

At the annual general meeting, Dr. Rolf Breidenbach was elected to the Supervisory Board, thus confirming his appointment by court effective January 1, 2018. Dr. Breidenbach is President and CEO of HELLA GmbH & Co. KGaA. He has taken over on Dürr's Supervisory Board from former Chairman Klaus Eberhardt, whom Karl-Heinz Streibich thanked at the annual general meeting: "Mr. Eberhardt led the Supervisory Board with great care and expertise. The Supervisory Board would like to thank him for his successful work and his great commitment to Dürr."

With roughly 65 % of the share capital present at the annual general meeting, the Board of Management and the Supervisory Board were discharged from liability with more than 96 % of the votes each. The shareholders also approved all other motions put to the vote by a large majority. They included the proposal to issue bonus shares at a ratio of 1:1, due to be implemented in the summer. The voting results are available at www.durr-group.com.

 

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitization/Industry 4.0. Products, systems and services offered by the Group enable highly efficient manufacturing processes in different industries. Dürr supplies sectors like the automotive industry, the mechanical engineering, chemical and pharmaceutical industries, and the woodworking industry. The company has 92 business locations in 31 countries. The Group generated sales of € 3.72 billion in 2017. Dürr has around 15,000 employees and operates in the market with five divisions:

  • Paint and Final Assembly Systems: Paint shops and final assembly systems for the automotive industry
  • Application Technology: Robot technology for the automated application of paint, sealants and adhesives
  • Measuring and Process Systems: Balancing and cleaning equipment as well as assembly, testing and filling technology
  • Clean Technology Systems: Exhaust-air purification systems and energy efficiency technology
  • Woodworking Machinery and Systems: Machinery and equipment for the wood-processing industry