Dürr Group sells Danish subsidiary Agramkow

EQS-Ad-hoc: Dürr Aktiengesellschaft / Key word(s): Disposal
Dürr Group sells Danish subsidiary Agramkow

25-Apr-2024 / 18:04 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.

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Dürr Group sells Danish subsidiary Agramkow

Dürr AG - WKN 556520 / ISIN DE0005565204

Bietigheim-Bissingen, April 25, 2024 - The Dürr Group is selling the Danish
Group company Agramkow Fluid Systems A/S, including two subsidiaries and
further assets, to the Swedish investment company Solix Group AB. Agramkow
specializes in filling technology for the non-automotive sector and achieved
sales of around EUR45 million in the 2023 fiscal year. Agramkow's enterprise
value stands at EUR47 million.

Headquartered in Sønderborg, Denmark, Agramkow is the world's leading
supplier of systems for filling refrigerators, air-conditioning systems, and
heat pumps with refrigerant. The company has belonged to the Dürr Group
since 2011 but is no longer part of the strategically relevant core business
and has few synergies with other parts of the Group. As a result, the Board
of Management of Dürr AG believes that Agramkow has better growth prospects
outside the Group. The transaction does not involve the business in filling
technology for the automotive industry, which is operated by Dürr Somac GmbH
and remains within the Dürr Group as part of its core business.

Agramkow belongs to the Industrial Automation Systems division. In 2023,
with around 160 employees, Agramkow achieved an EBIT margin before
extraordinary effects above the Group average of 6.1 %. The purchase
agreement signed with Solix today is likely to be executed at the end of the
second quarter, following completion of the carve-out process. Due to the
expected proceeds from the sale, Dürr AG is adjusting the forecast for its
net financial status as of December 31, 2024, to between EUR-500 and -550
million (previously: between EUR-540 and -590 million).

_______________________________________________________________

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

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Information and Explanation of the Issuer to this announcement:

The Dürr Group is one of the world's leading mechanical and plant
engineering firms with particular expertise in the technology fields of
automation, digitalization, and energy efficiency. Its products, systems,
and services enable highly efficient and sustainable manufacturing processes
- mainly in the automotive industry and for producers of furniture and
timber houses, but also in sectors such as the chemical and pharmaceutical
industries, medical devices, electrical engineering, and battery production.
In 2023, the company generated sales of EUR4.6 billion. The Dürr Group has
over 20,500 employees and 142 business locations in 32 countries, and it
operates in the market with five divisions:

  * Paint and Final Assembly Systems: paint shops as well as final assembly,
    testing, and filling technology for the automotive industry

  * Application Technology: robots and products for the automated
    application of paint, sealants, and adhesives

  * Clean Technology Systems: air pollution control, coating systems for
    battery electrodes, and noise abatement systems

  * Industrial Automation Systems: automated assembly and test systems for
    automotive components, medical devices, and consumer goods as well as
    balancing and diagnostic technology

  * Woodworking Machinery and Systems: machinery and equipment for the
    woodworking industry

This publication has been prepared independently by Dürr AG/Dürr group. It
may contain statements which address such key issues as strategy, future
financial results, events, competitive positions and product developments.
Such forward-looking statements are subject to a number of risks,
uncertainties and other factors, including, but not limited to those
described in disclosures of Dürr AG, in particular in the chapter 'Risks' in
the annual report of Dürr AG. Should one or more of these risks,
uncertainties and other factors materialize, or should underlying
expectations not occur or assumptions prove incorrect, actual results,
performances or achievements of the Dürr group may vary materially from
those described in the relevant forward-looking statements. These statements
may be identified by words such as 'expect,' 'want,' 'anticipate,' 'intend,'
'plan,' 'believe,' 'seek,' 'estimate,' 'will,' 'project' or words of similar
meaning. Dürr AG neither intends, nor assumes any obligation, to update or
revise its forward-looking statements regularly in light of developments
which differ from those anticipated. Stated competitive positions are based
on management estimates supported by information provided by specialized
external agencies.

Our financial reports, presentations, press releases and ad-hoc releases may
include alternative financial metrics. These metrics are not defined in the
IFRS (International Financial Reporting Standards). Net assets, financial
position and results of operations of the Dürr group should not be assessed
solely on the basis of these alternative financial metrics. Under no
circumstances do they replace the performance indicators presented in the
consolidated financial statements and calculated in accordance with the
IFRS. The calculation of alternative financial metrics may vary from company
to company despite the use of the same terminology. Further information
regarding the alternative financial metrics used at Dürr AG can be found in
our financial glossary on the web page.


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   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:    1889683

End of Announcement EQS News Service
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1889683 25-Apr-2024 CET/CEST