Preliminary Q2 2026 Duerr AG Earnings Call Transcript
Key Points
- Group order intake increased by 13% in Q2, driven by growth in the automotive sector.
- The Automotive division posted strong order intake, exceeding EUR 0.5 billion in Q2.
- The operating EBIT margin improved despite a challenging environment, thanks to a favorable business mix and cost-cutting measures.
- The HOMAG Intelligence software platform contributed to an increased margin in the Woodworking division.
- The Vector efficiency program is expected to bring recurring cost savings of around EUR 30 million, with initial savings starting in 2026.
- BBS Automation experienced low demand from the automotive industry, leading to decreased sales and underutilization.
- Extraordinary effects related to efficiency measures and goodwill impairment at BBS Automation are expected to result in unplanned expenses of EUR 140 million to EUR 150 million in 2026.
- The Industrial Automation division showed a heterogeneous development, with a minus 2.4% adjusted EBIT margin in Q2.
- The Woodworking division faced continued low demand in the furniture business, impacting sales.
- The guidance for Industrial Automation was lowered due to 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 our 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
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