Dürr Aktiengesellschaft (DURYY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the dual conference call for the third quarter of 2025 followed by a Q&A session. Let me now turn the floor over to your host, Matthias Christen. Thank you very much and welcome to today's call, ladies and gentlemen. The corresponding presentation is available on our website and I assume you have it in front of you. Our CEO, Jochen Weihrauch, will start on page five before Dietmar Heinrich, as CFO, will take you through the financials. Jochen, please go ahead. Thank you, Matthias, and good afternoon to all participants on the call. As our main focus is on profitability, I would like to start with pointing out the high earnings level in Q3. The EBIT margin before Extraordinaries increased to 6.6%, which is almost two percentage points more than last year, based on earnings growth in all of our three divisions. In the year to date, the margin amounted to 4.9%, which means that after three quarters, we're almost at the midpoint of the full year guidance. Order intake continued to be impacted by heightened macro uncertainty caused by geopolitical and trade conflicts. However, we expect Q4 to be much better. Sales accelerated in Q3 after the moderate first half and should gain more traction in Q4. Free cash flow continued to be strong in Q3 bringing the year-to-date figure to a high level of 85 million euros. The recent months were also marked by pushing ahead with our sustainable automation strategy. We successfully closed the sale of environmental technology and thus completed the process of turning Dürer into a lean company with only three instead of five divisions. At the same time, we began to streamline our administration aiming at cost savings of 50 million euros. The guidance given in March and partly revised in July is being conferred. Let's turn to pa...