Baden-Württemberg: New business areas at Dürr should boost growth

Bietigheim-Bissingen (dpa/lsw) - The mechanical engineering company Dürr has set itself higher goals by the end of the decade.

Baden-Württemberg: New business areas at Dürr should boost growth

Bietigheim-Bissingen (dpa/lsw) - The mechanical engineering company Dürr has set itself higher goals by the end of the decade. Sales are expected to increase by an average of five to six percent annually and reach over 6 billion euros in 2030, as the MDax-listed company announced on Monday in Bietigheim-Bissingen. So far, Dürr had estimated annual growth of two to three percent if acquisitions are excluded. New business areas related to climate-friendly wooden houses, coating technology for battery cells and automation should now accelerate growth. From 2024, the management wants to achieve an operating profit margin of at least 8 percent before special effects, interest and taxes. The Dürr share was almost one percent up in the afternoon.

The declared growth drivers are currently generating sales of around EUR 350 million - less than ten percent of the group revenue of around EUR 4.2 billion targeted for this year. By 2030, they should reach a volume of 1.3 to 1.5 billion euros and thus up to a quarter of total sales. According to CEO Jochen Weyrauch, the traditional businesses such as painting systems, environmental technology and furniture construction machines should also grow, but not as strongly. Dürr wants to reduce its dependence on the automotive industry from the current 45 percent share of sales to 30 percent.

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