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Press Release

Service contract of CEO Ralf W. Dieter extended to the year 2020. Dividend to be raised by 20 cents, to € 1.65 per share

Bietigheim-Bissingen, March 27, 2015 - The Board of Management and Supervisory Board of Dürr AG reached a consensus today to propose a dividend of € 1.65 per share at the Annual General Meeting for the financial year 2014. This corresponds to an increase of approx. 14 % compared with the previous year’s dividend of € 1.45. Moreover, the Supervisory Board has extended Ralf W. Dieter’s service contract scheduled to expire at the end of 2015 by a further five years.

Klaus Eberhardt, Chairman of the Supervisory Board of Dürr AG: “We’re absolutely delighted to report that we succeeded in extending the contract with Ralf W. Dieter by another five years, until the end of 2020. Mr. Dieter has been at the helm of our Company since January 1, 2006. Under his management, Dürr has developed into a highly successful mechanical engineering and plant construction corporation operating with a global reach.”

At a total of € 57.1 million, the dividend has reached a new all-time high if the proposal by our management bodies is accepted at the Annual General Meeting on May 15, 2015. The distribution quota has risen from 36 % to 38 % of the Group’s profit for the year (€ 150.3 million). Ralf W. Dieter, Chairman of the Board of Management at Dürr AG: “In 2014 we succeeded in expanding our profit yet again in our core operations. At the same time we set a milestone in our future development with the acquisition of the HOMAG Group, tapping a new growth market in the process. Our shareholders are able to participate once more in our positive development, not only in terms of a gratifying share price performance but also through a higher dividend.”

The Dürr Group is one of the world's leading mechanical and plant engineering firms. Products, systems and services offered by Dürr enable highly efficient manufacturing processes in different industries. Business with automobile manufacturers and their suppliers accounts for approximately 65% of Dürr's sales. Other market segments include, for example, the mechanical engineering, chemical and pharmaceutical industries and – since the takeover of HOMAG Group AG in October 2014 – the woodworking industry. Dürr has 92 business locations in 28 countries. With 14,200 employees, the Group plans to generate sales revenues of € 3.4 - 3.5 billion in 2015. The Dürr Group operates in the market with five divisions:

  • Paint and Final Assembly Systems: paint shops and final assembly systems for the automotive industry
  • Application Technology: robot technologies for the automatic application of paint as well as sealants and adhesives
  • Measuring and Process Systems: balancing and cleaning systems as well as testing and filling technology
  • Clean Technology Systems: exhaust-air purification systems and energy-efficiency technology
  • Woodworking Machinery and Systems: machinery and systems for the woodworking industry