Dürr Group reviews strategic options for the environmental technology
business and combines painting and final assembly technology in the new
Automotive division
EQS-Ad-hoc: Dürr Aktiengesellschaft / Key word(s): Strategic Company
Decision
Dürr Group reviews strategic options for the environmental technology
business and combines painting and final assembly technology in the new
Automotive division
04-Jun-2024 / 12:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Dürr Group reviews strategic options for the environmental technology
business and combines painting and final assembly technology in the new
Automotive division
Dürr AG - WKN 556520 / ISIN DE0005565204
Bietigheim-Bissingen, June 04, 2024 - Today, the Board of Management of Dürr
AG informed the Supervisory Board that it is reviewing strategic options for
the air pollution control technology and noise abatement systems business
units, part of the Clean Technology Systems (CTS) division, including a
sale. These activities generated sales of around EUR430 million in 2023. No
strategic options are being reviewed for the battery production technology
business allocated to CTS.
Furthermore, the Board of Management has decided to bundle all activities of
the Paint and Final Assembly Systems and Application Technology divisions
and merge them into the new Automotive division in order to further
strengthen competitiveness and systems expertise. The activities, which most
recently generated sales of around EUR2 billion, will be managed under the new
division from the beginning of 2025.
Dürr AG's Board of Management confirms the targets for the current fiscal
year and the mid-cycle targets.
The battery production technology business currently located at CTS will
become part of the Industrial Automation Systems division, which will be
renamed Industrial Automation. There will be no changes to the Woodworking
Machinery and Systems division, which will simply be renamed Woodworking.
_______________________________________________________________
Contact:
Dürr AG
Andreas Schaller / Mathias Christen
Corporate Communications & Investor Relations
Phone +49 7142 78-1785 / -1381
Fax +49 7142 78-1716
E-Mail corpcom@durr.com
End of Inside Information
---------------------------------------------------------------------------
04-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone: 07142 78-0
Fax: 07142 78-1716
E-mail: corpcom@durr.com
Internet: www.durr-group.com
ISIN: DE0005565204
WKN: 556520
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard),
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Hamburg, Hanover, Munich, Tradegate
Exchange
EQS News ID: 1917695
End of Announcement EQS News Service
---------------------------------------------------------------------------
1917695 04-Jun-2024 CET/CEST