Press Release

Highest dividend in company history: Dürr plans to pay out € 2.20 per share

Bietigheim-Bissingen, March 22, 2018 – Dürr AG intends to pay out a dividend of € 2.20 per share for fiscal 2017. This is equivalent to a 4.8 % increase over the previous year (€ 2.10 per share) and is the highest payout to date for Dürr shareholders. The dividend proposal was approved by the Supervisory Board and the Board of Management and will be voted on at the annual general meeting on May 9, 2018.

  • 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).

 

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