Dürr Aktiengesellschaft (DURYY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the DUR conference call for the preliminary figures of 2024. I will now hand over to Andreas Schaller, Head of Investor Relations of DUR AG. Thank you, Anna. Ladies and gentlemen, good afternoon and good morning to those of you in the US. Welcome to our earnings conference call. With me on the call are our CEO, Jörgen Weiderhoff, and our CFO, Ludmar Heinrich. They will present the preliminary results for the financial year 2024, as well as the outlook for 2025, and we'll be happy to answer your questions afterwards. As always, our earnings presentation is available on our investor relations website, and we assume that you have it in front of you. Please refer to our disclaimer regarding forward-looking statements on slide two. And now it's my pleasure to hand over to our CEO. Jochen, please go ahead. Thank you, Andreas. Welcome to all participants on this call, whether from my side, and thank you very much for joining. Let me start with some short remarks from the past year on slide three before we go into detail. When we were talking with you 12 months ago, we promised to take actions to improve the group's earnings resilience and portfolio. And we have made some progress meanwhile. We achieved a solid operational performance in a challenging environment with a new order intake and sales record. and EBIT before extraordinary effects close to the upper end of the guidance, and a strong free cash flow exceeding 100 million euros for the fifth year in a row. This was driven by operational improvements. I would like to highlight a couple of them. The value before value volume strategy at pain and final assembly systems pays off, and we met our mid-cycle margins target. Our environmental business achieved a record margin, well driven by strong project executio...