Q2 2026 Duerr AG Earnings Call Transcript
Key Points
- Group order intake rose 13% in Q2, driven by strong growth in the Automotive division.
- The operating EBIT margin improved despite a slight sales drop, thanks to a favorable business mix and cost-cutting measures.
- The balancing technology business under Schenck achieved double-digit growth in intake, sales, and earnings, benefiting from demand in aerospace, energy, and automotive.
- The Vector efficiency program is expected to generate recurring cost savings of around EUR30 million, with nearly full benefits by 2027.
- Duerr AG (DURYY) confirmed all group guidance KPIs for 2026, supported by robust H1 performance and strong balance sheet.
- BBS Automation's business was marked by low demand from the automotive industry, leading to order intake below expectations.
- The company expects unplanned extraordinary effects of EUR140 million to EUR150 million in 2026, including a goodwill impairment of EUR90 million to EUR100 million.
- BBS Automation's sales are expected to be under EUR400 million this year and next, with a revised 2030 sales target of at least EUR600 million, down from the initial EUR800 million.
- Woodworking sales were down due to continued low demand in the furniture business, with order intake remaining weak.
- The Industrial Automation division's guidance was adjusted, with an expected EBIT margin of -1% to +1%, reflecting the challenges at BBS Automation.
Welcome to the Dürr conference call followed by a Q&A session. The conference will be recorded. (Operator Instructions)
Let me now turn the floor over to your host, Björn Voss, Head of Investor Relations, Dürr AG.
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Yes, hi, it's Björn speaking. Ladies and gentlemen, welcome to today's call. Please apologize that we scheduled this call on short notice and outside business hours, but we think it's important to inform you about our Q2 prelims and optimization plans for BBS Automation instantly and before stock market opening tomorrow. The presentation for the call can be found on our website, and we assume you have it already in front of you.
I would now like to hand over to our CEO, Jochen; who is joined by our CFO, Dietmar. Jochen, please go ahead.
Thank you, Björn, and good evening to all
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