Q1 2026 Duerr AG Earnings Call Transcript
Key Points
- Duerr AG (DUERF) reported a 22% increase in net profit, supported by an improved financial result and lower extraordinaries.
- The EBIT margin before extraordinaries improved to 4.2%, driven by gains in the Automotive division and cost-cutting measures.
- Free cash flow was positive at EUR29 million, aided by improvements in net working capital.
- The Automotive and Woodworking divisions showed resilience with robust incoming orders and profitability.
- Duerr AG (DUERF) confirmed its group outlook for 2026, indicating confidence in its future performance.
- The Industrial Automation division underperformed, with BBS Automation falling short of expectations.
- Order intake dropped by 11%, partly due to low levels of new orders in BBS Automation's mobility business.
- Sales were affected by customer-induced delays in the Automotive division and low order intake from previous tariff uncertainties.
- Higher net working capital needs are expected in the coming quarters, impacting cash flow.
- The guidance for the Industrial Automation division is under review due to its muted performance in Q1.
Welcome to the Dürr conference call for the first quarter of 2026. I will now hand over to Björn Voss, Head of Investor Relations of Dürr AG.
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Yes. Good afternoon, ladies and gentlemen, welcome to today's call. My name is Björn Voss, I assume the position as Dürr Head of Investor Relations on April 1. Many of today's participants probably know me, so only a small introduction of myself. I spent 20 years in the capital market, first as a sell side analyst for automotive and industrials. Then I switched into portfolio and asset management at Warburg. And in the last six years, I worked as Head of Investor Relations and M&A at Bertrandt AG.
You might have noticed three little changes in today's reporting. First, we try to streamline the quarterly statement with a reduced number of pages, but with the full point of content you need. Second, the reporting package was online at 7:00 AM this morning just to give
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