DÜRR AG : Automotive business bridges the gap until ESG growth areas kick in
>Q1 2023 = transition quarter for PFS/APT, we forecast adj. EBIT margin of 4.4% - We expect surprise potential in terms of Q1 23 order intake by forecasting an increase of 26% q-o-q to € 1,359m, primarily fuelled by the PFS division (up 27% y-o-y) and offsetting the rather muted Q4 2022 level with a book-to-bill <0.9x. We forecast sales to increase by 8% y-o-y to € 982m in Q1 2023, driven by relief in MPS (despite still prevailing difficulties in material sourcing) &...Duerr is a mechanical and plant engineering group based in Germany. Co. operates through five divisions: Paint and Assembly Systems (production and paint finishing technology for automotive bodyshells and aircraft); Application Technology (products and systems for automated painting applications as well as sealing and glueing technology); Measuring and Process Systems (machines and systems for use in engine, drive construction and final assembly); Clean Technology Systems (plant and equipment for purifying exhaust gases produced by industrial processes and energy efficiency technologies for production processes); and Woodworking Machinery and Systems (machinery for the woodworking industry).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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