===
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.
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
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. 25-Apr-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: 1889683

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

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1889683&application_name=news

END) Dow Jones Newswires

April 25, 2024 12:05 ET (16:05 GMT)