Duerr AG (XTER:DUE)
€ 25.16 0.06 (0.24%) Market Cap: 1.74 Bil Enterprise Value: 2.22 Bil PE Ratio: 16.23 PB Ratio: 1.49 GF Score: 77/100
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Preliminary Q2 2021 Duerr AG Earnings Call Transcript

Jul 27, 2021 / 12:00PM GMT
Release Date Price: €39.28 (+9.97%)
Ralf W. Dieter
Dürr Aktiengesellschaft - Chairman of Management Board & CEO

Sales regarding the financials. And at the end, we will present to you the details of our new outlook.

The highlights of the first half are on Slide 4. HOMAG and Video Group as a whole achieved a historic record order intake in the first half. After an extremely strong Q1, order intake at HOMAG remained at almost the same high level in Q2. On top of that, we saw increasing orders from the automotive customers. And as a result, we reached an order backlog of EUR 3.2 billion, which is also a new record level, too. Sales revenues improved sequentially in Q2, mainly driven by HOMAG. The automotive business still had to digest the weak order intake in the first half of 2020 and remained flattish quarter-on-quarter, but we expect an acceleration in the second half of '21. And as you know, in our Systems business, it takes about 9 months between order intake and the first realization of revenues because of the necessary planning and engineering steps.

We recorded a high gross margin and EBIT margin in the second

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