DÜRR AG : Many stars aligned
>FY 2021 recap – strong order intake bodes well for FY 2022 - Last week, Dürr reported strong preliminary FY 2021 order intake of € 4,291m, up 31% y-o-y, fuelled by an impressive 59% y-o-y increase at HOMAG (stripping out ~€ 300m regulatory driven pull-in effects still yields an uplift of 32% y-o-y). 2021 sales of € 3,537m came in slightly below the lower end of the guidance range (i.e. € 3.6bn), however this was already indicated (especially at our GIS). Adjusted EBI...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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