
SEPTEMBER 30, 2026
https://WWW.DURR-GROUP.COM
CONTENTSKEY FIGURES 3
GROUP MANAGEMENT REPORT 4
CONSOLIDATED STATEMENT OF PROFIT OR LOSS 12
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 13
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 14
CONSOLIDATED STATEMENT OF CASH FLOWS 16
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 18
FINANCIAL CALENDAR 19
CONTACT 19
Cover photo
The robot-based EcoNextJet system applies logos and patterns to painted bodies with absolute precision. With two-tone painting, it ensures maximum efficiency and significantly lower energy consumption. In addition, there is much less waste as masking films are no longer needed.
KEY FIGURES FOR THE DÜRR GROUP9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 | |||
Order intake | €m | 2,673.5 | 2,649.7 | 802.1 | 762.5 | |
Sales | €m | 3,000.2 | 3,052.0 | 1,078.8 | 1,043.7 | |
EBIT before extraordinary effects1,2 | €m | 142.4 | 150.1 | 61.3 | 69.0 | |
EBIT2 | €m | -6.4 | -3.5 | 22.1 | 54.4 | |
Earnings after tax2 | €m | -63.0 | -67.8 | 5.2 | 25.5 | |
Earnings after tax - Group as a whole3 | €m | -63.0 | -50.4 | 5.2 | 28.4 | |
EBIT margin before extraordinary effects1,2 | % | 4.7 | 4.9 | 5.7 | 6.6 | |
EBIT margin2 | % | -0.2 | -0.1 | 2.1 | 5.2 | |
Free cash flow | €m | -22.6 | 85.0 | -54.9 | 37.9 | |
ROCE (annualized) | % | 17.0 | 13.3 | 17.0 | 13.3 | |
Net financial status (September 30) | €m | -137.3 | -482.0 | -137.3 | -482.0 | |
Net working capital (September 30) | €m | 398.8 | 354.8 | 398.8 | 354.8 | |
Employees (September 30) | 17,336 | 18,077 | 17,336 | 18,077 | ||
of which Corporate Center4 | 759 | 890 | 759 | 890 | ||
Earnings per share (basic) | € | -0.93 | -1.02 | 0.07 | 0.36 | |
Earnings per share (basic) - Group as a whole3 | € | -0.93 | -0.77 | 0.07 | 0.40 | |
Earnings per share (diluted) | € | -0.93 | -0.94 | 0.07 | 0.34 | |
Earnings per share (diluted) - Group as a whole3 | € | -0.93 | -0.70 | 0.07 | 0.38 | |
1 Extraordinary effects in 9M 2026: €-148.8 million (including goodwill impairments of €94.9 million and purchase price allocation effects of €-16.1 million), 9M 2025: €-153.6 million (including goodwill impairments of €120.4 million and purchase price allocation effects of €-21.9 million)
2 In the previous year, the earnings figures for continued operations had included charges from allocation effects (9M 2025: €-8.0 million) attributable to the sales process for environmental technology.
3 In the third quarter and in the first nine months of 2025, the figures for the Group as a whole included earnings contributions from environmental technology, which was sold effective October 31, 2025.
4 Figure for the previous year including allocation effects
KEY FIGURES FOR THE DIVISIONSAUTOMOTIVE | 9M 2026 | 9M 20251 | Q3 2026 | Q3 20251 | |
Order intake | €m | 1,303.6 | 1,223.0 | 327.8 | 312.6 |
Sales | €m | 1,598.4 | 1,534.7 | 598.2 | 520.3 |
EBIT before extraordinary effects | €m | 112.9 | 110.3 | 49.7 | 42.5 |
EBIT | €m | 109.5 | 102.6 | 48.4 | 38.5 |
Employees (September 30) | 6,731 | 6,784 | 6,731 | 6,784 | |
INDUSTRIAL AUTOMATION | 9M 2026 | 9M 20251 | Q3 2026 | Q3 20251 | |
Order intake | €m | 451.1 | 473.6 | 186.2 | 176.2 |
Sales | €m | 441.8 | 479.7 | 141.8 | 166.9 |
EBIT before extraordinary effects | €m | 0.9 | 24.2 | -0.5 | 11.1 |
EBIT | €m | -130.7 | -114.9 | -21.1 | 6.0 |
Employees (September 30) | 3,192 | 3,523 | 3,192 | 3,523 | |
WOODWORKING | 9M 2026 | 9M 20251 | Q3 2026 | Q3 20251 | |
Order intake | €m | 922.9 | 959.5 | 288.9 | 276.6 |
Sales | €m | 966.0 | 1,045.1 | 340.3 | 358.4 |
EBIT before extraordinary effects | €m | 43.6 | 53.2 | 18.7 | 24.8 |
EBIT | €m | 24.9 | 45.9 | 0.9 | 19.4 |
Employees (September 30) | 6,654 | 6,880 | 6,654 | 6,880 | |
1 The figures for the previous year have been adjusted to reflect the changed divisional structure. |
Despite persistent geopolitical conflicts and trade tensions, the global economy has proven to be comparatively robust in the year to date. At the same time, the macroeconomic environment has remained subject to heavy uncertainty and capital spending restraint. Industry association VDMA has recently registered an improvement in sentiment and business expectations among companies in the German mechanical and plant engineering sector. However, there is still no evidence of any sustained upturn in the momentum of capital spending. With muted domestic demand dampening business performance, foreign business has increasingly been generating impetus. Overall, the underlying conditions for export-oriented mechanical and plant engineering have thus remained challenging.
EXPLANATORY NOTES ON THE FIGURES Presentation of the divisionsSince the sale of environmental technology effective October 31, 2025, our business has been pooled in three divisions: Automotive, Industrial Automation, and Woodworking. This interim report still sporadically includes the Clean Technology Systems Environmental division, which has been sold, as a discontinued operation for the third quarter or first nine months of 2025. The remaining divisions and the Corporate Center represent the continued operations. In 2026, they are identical to the Group.
Composition of the divisionsEffective January 1, 2026, the composition of the divisions was adjusted as a result of changes to the allocation of minor business activities. For one thing, the Lithium-Ion Battery business unit (2025: sales of approximately €60 million) was transferred from Industrial Automation to Automotive. For another, the tool system business pursued by BENZ Tooling (2025: sales of around
€45 million) moved from Industrial Automation to Woodworking. In this report, the 2025 figures for the divisions were retroactively adjusted to reflect the changed composition.
SIGNIFICANT EVENTSSchuldschein loan of €200 million issued
In September 2026, we successfully placed a Schuldschein loan of
€200 million. The loan comprises tranches with tenures of four, six, seven and eight years, as well as fixed and variable coupons. The proceeds are being used for general corporate financing purposes. With this transaction, we have secured long-term funding and improved the maturity profile of our financing operations. In the year to date through the end of October 2026, a convertible bond and older Schuldschein tranches totaling around
€380 million have been redeemed.
Changes to the Board of ManagementEffective October 1, 2026, Dr. Lars Friedrich, Head of the Automotive division, and Dr. Daniel Schmitt, Head of the Woodworking division, were appointed to the Board of Management of Dürr AG. Both will continue to lead their respective divisions and take on additional Group-wide responsibilities. The appointment of the two division heads to the Board of Management underscores the heightened importance of division management in the context of the Group Strategy 2030. Following the planned departure of CFO Dietmar Heinrich on September 30, 2026, CEO Dr. Jochen Weyrauch has been overseeing finance matters on an interim basis since October 1, 2026. On November 15, 2026, Alexandra Dambeck will take over as CFO.
BUSINESS PERFORMANCEORDER INTAKE, SALES, ORDERS ON HAND
€m | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Order intake | 2,673.5 | 2,649.7 | 802.1 | 762.5 |
Sales | 3,000.2 | 3,052.0 | 1,078.8 | 1,043.7 |
Orders on hand | ||||
(September 30) | 3,438.5 | 3,579.3 | 3,438.5 | 3,579.3 |
At €802.1 million in the third quarter of 2026, Group order intake was up 5.2% on the previous year, underpinned by all divisions. In addition to Automotive (+4.9%) and Woodworking (+4.4%), Industrial Automation posted the largest gain of +5.7%. However, it should be borne in mind that the prior-year comparison base was low (Q3 2025: €762.5 million) reflecting the impact of tariff conflicts and a general reluctance to invest at the time. By contrast, order intake in the current reporting period picked up, but did not reach the levels seen in earlier periods. The capital spending climate continues to be negatively impacted by global geopolitical conflicts, tariffs, and the recent significant increase in interest rates. In addition, order intake in the Automotive division is generally characterized by individual big-ticket projects, with corresponding contract awards subject to volatility within individual reporting periods.
Despite the aforementioned conditions, order intake in the first nine months of 2026 totaled €2,673.5 million, exceeding the previous year (9M 2025: €2,649.7 million). Adjusted for currency-translation effects, order intake would have been €31.6 million higher. Order intake in the year to date in 2026 has been characterized by a large number of small and medium-sized contracts, while individual big-ticket projects were gained in 2025. In line with the full-year forecast, we expect a significant sequential increase in orders in the fourth quarter of 2026, as more big-ticket projects are once again up for award.
SalesGroup sales improved by 3.4% to €1,078.8 million in the third quarter (Q3 2025: €1,043.7 million). This growth was driven by the Automotive division, where progress in the execution of individual big-ticket projects left positive traces on revenue recognition. Sales in the Automotive division increased by 15.0% over the same quarter of the previous year. By contrast, sales were down in Woodworking (-5.1%) and especially in Industrial Automation (-15.0%). Woodworking started the execution of a big-ticket project in the third quarter, thereby partially offsetting the effects of the low order intake in recent months. At
€3,000.2 million in the first nine months of 2026, Group sales fell short of the prior-year figure (9M 2025: €3,052.0 million) by just 1.7%. At constant exchange rates, Group sales would have been
€26.1 million higher.
Sales from service business came to €832.6 million (-1.4%) in the nine-month period and €305.4 million (+1.5%) in the third quarter. The gross margin on service business was slightly below both prior-year comparative figures.
Order backlogWith a book-to-bill ratio of 0.89, the order backlog was valued at
€3,438.5 million as of September 30, 2026. This marks a decline of 7.8% over the end of 2025 and a year-on-year decline of 3.9%. The drop in the order backlog particularly reflects the volatility of order intake for big-ticket projects. In contrast to the previous year, no comparable major orders have been recorded in the year to date in 2026. There were no significant derecognitions from the order backlog in the nine-month period.
INCOME STATEMENT AND PROFITABILITY RATIOS
9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 | ||
Sales | €m | 3,000.2 | 3,052.0 | 1,078.8 | 1,043.7 |
Gross profit | €m | 652.0 | 687.0 | 216.9 | 234.8 |
Functional costs1 | €m | -566.3 | -573.9 | -191.9 | -184.4 |
EBITDA | €m | 189.9 | 222.8 | 54.9 | 89.2 |
EBIT before extraordinary effects2 | €m | 142.4 | 150.1 | 61.3 | 69.0 |
EBIT | €m | -6.4 | -3.5 | 22.1 | 54.4 |
Financial result | €m | -16.6 | -21.7 | -7.0 | -8.8 |
EBT | €m | -23.0 | -25.2 | 15.1 | 45.7 |
Income taxes | €m | -40.0 | -42.7 | -9.9 | -20.1 |
Earnings after tax3 | €m | -63.0 | -67.8 | 5.2 | 25.5 |
Earnings after tax - Group as a whole4 | €m | -63.0 | -50.4 | 5.2 | 28.4 |
Gross margin % | 21.7 | 22.5 | 20.1 | 22.5 | |
EBITDA margin % | 6.3 | 7.3 | 5.1 | 8.5 | |
EBIT margin before extraordinary effects2 % | 4.7 | 4.9 | 5.7 | 6.6 | |
EBIT margin % | -0.2 | -0.1 | 2.1 | 5.2 | |
EBT margin % | -0.8 | -0.8 | 1.4 | 4.4 | |
Net financial liabilities to EBITDA (annualized) | 0.5 | 1.6 | 0.5 | 1.6 | |
Tax rate % | - | - | 65.4 | 44.1 | |
1 Sales and marketing, administration, and R&D expenses
2 Extraordinary effects in 9M 2026: €-148.8 million (9M 2025: €-153.6 million)
3 Earnings after tax from continued operations in 2025 included charges from allocation effects (9M 2025: €-8.0 million) in connection with the disposal process for environmental technology.
4 Refers to continued operations and the discontinued operation
Earnings situationAt €216.9 million in the third quarter of 2026, gross profit fell short of the same quarter of the previous year (Q3 2025: €234.8 million) despite the slight increase in sales. As a result, the gross margin contracted from 22.5% to 20.1%. After the first nine months of the current year, gross profit (€652.0 million) and the gross margin (21.7%) were both below the comparative figures for the previous year. These declines are mainly attributable to a significantly negative earnings contribution from BBS Automation due to declining sales and restructuring expenses.
Functional costs came to €566.3 million in the first nine months of 2026. The 1.3% improvement over the same period of the previous year is primarily attributable to the streamlined administrative structures and lower expenses in connection with the OneDürrGroup synergy program. As a result, administrative expenses fell by 6.4%, with the ratio to sales contracting by 28 basis points to 5.6%. In addition, selling expenses were down slightly (-1.7%). By contrast, we continued to step up spending on research and development (+8.3%) in order to strengthen our innovation leadership.
Net other operating expenses came to €-92.1 million in the first nine months of 2026 (9M 2025: €-116.6 million). This was attributable, among other things, to extraordinary effects of
€-89.7 million (9M 2025: €-120.3 million) included in other operating expenses.
Total net extraordinary effects amounted to €-148.8 million in the first nine months, compared with €-153.6 million in the same period of the previous year. In the current reporting period, restructuring expenses were higher (€-40.1 million) than in the previous year (€-8.9 million), this being mostly due to the Vector efficiency program at BBS Automation. Of this, €-8.1 million was recorded in the first half of 2026 and €-32.0 million in the third quarter of 2026. At the same time, in the first nine months of 2026, expenses from purchase price allocations of €-16.1 million (9M 2025: €-21.9 million), and goodwill impairments for BBS Automation of €94.9 million (9M 2025: €120.4 million) were lower than in the previous year. The impairments were recognized in the first half of 2025 and 2026, respectively.
Against the backdrop of the expense items presented, EBIT before extraordinary effects was below the respective prior-year figures in both the nine-month period and the third quarter. The EBIT margin before extraordinary effects reached 5.7% in the third quarter (Q3 2025: 6.6%) and 4.7% after nine months
(9M 2025: 4.9%).
In the year to date, earnings after tax have been heavily impacted by extraordinary effects such as the goodwill impairment for BBS Automation, coming to €-63.0 million after the first nine months of 2026. In the same period of the previous year, they amounted to
€-67.8 million for the continued operations (excluding environmental technology business).
FINANCIAL POSITION | ||||
CASH FLOWS | ||||
€m | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Cash flow from operating activities | 84.2 | 207.8 | -23.6 | 71.4 |
Cash flow from investing activities | 86.3 | -101.7 | 23.8 | -22.8 |
Cash flow from financing activities | -394.8 | -259.5 | -28.9 | -48.8 |
CALCULATION OF CASH FLOW FROM OPERATING ACTIVITIES AND FREE CASH FLOW1, 2
€m | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Earnings before income taxes | -23.0 | -25.2 | 15.1 | 45.7 |
Depreciation and amortization | 196.4 | 226.3 | 32.8 | 34.8 |
Interest result | 18.4 | 22.4 | 6.7 | 8.5 |
Income tax payments (incl. from disposals) | -49.0 | -47.4 | -9.5 | -12.5 |
Change in provisions | 30.5 | -10.3 | 30.8 | 18.2 |
Change in net working capital | -83.1 | 59.1 | -149.0 | -53.9 |
Other items | -5.9 | -17.0 | 49.3 | 30.6 |
Cash flow from operating activities | 84.2 | 207.8 | -23.6 | 71.4 |
Interest payments (net) | -21.6 | -26.4 | 1.9 | 0.4 |
Repayment of leasing liabilities | -28.6 | -27.8 | -8.1 | -8.5 |
Adjustment income tax payments from disposals | 11.7 | 0.0 | 1.0 | 0.0 |
Capital expenditure | -68.2 | -68.5 | -26.1 | -25.4 |
Free cash flow | -22.6 | 85.0 | -54.9 | 37.9 |
Dividend payments | -56.4 | -49.2 | 0.0 | 0.0 |
Payments for acquisitions | 2.6 | -104.2 | 0.0 | -1.3 |
Other cash flows | 4.8 | -17.5 | -4.6 | -37.8 |
Change in net financial status | -71.6 | -85.8 | -59.6 | -1.2 |
1 Currency-translation effects have been eliminated from the cash flow statement. Accordingly, it does not fully reflect all changes in the line items shown in the statement of financial position.
2 In contrast to the presentation in the first quarter of 2026, income tax payments for disposals are reported in income taxes paid and thus within the cash flow from operating activities in the first nine months of 2026. In the first quarter of 2026, these income tax payments of €9.6 million were reported within cash flow from investing activities. This was corrected in the second quarter of 2026, with the cash flow from operating activities for the first quarter of 2026 adjusted accordingly. It now amounts to €49.3 million; a figure of €58.9 million had originally been reported. The cash flow from investing activities for the first quarter of 2026 thus stands at €66.2 million instead of the originally reported figure of €56.6 million. The free cash flow for the first quarter of 2026 (€26.7 million) is not affected by the reclassification, as income tax payments are not included in the calculation of the free cash flow as an M&A-related matter.
At €-22.6 million, free cash flow was negative in the nine-month period of 2026, as expected (9M 2025: €85.0 million). Liquidity was utilized as planned in connection with the execution of customer projects. At the same time, only a very few orders for big-ticket projects were received during the reporting period, which typically are accompanied by corresponding prepayments. Consequently, net working capital (NWC) increased by €83.1 million after making a positive contribution of €59.1 million in the previous year. At
€68.2 million, outgoing payments for capital spending were on a par with the previous year (€-68.5 million).
We also expect a negative NWC contribution in the fourth quarter due to the execution of customer projects. At the same time, higher outgoing payments are to be made in connection with the restructuring programs and tax-related matters.
As a result of the negative free cash flow and the dividend payment, net financial liabilities stood at €-137.3 million as of September 30, 2026 (December 31, 2025: €-65.7 million).
SEGMENT REPORTSALES BY DIVISION
€m | 9M 2026 1,598.4 441.8 966.0 -5.9 3,000.2 | 9M 20251 1,534.7 479.7 1,045.1 -7.4 3,052.0 | Q3 2026 598.2 141.8 340.3 -1.6 1,078.8 | Q3 20251 520.3 166.9 358.4 -1.9 1,043.7 |
Automotive | ||||
Industrial Automation | ||||
Woodworking | ||||
Corporate Center / consolidation / allocation effects | ||||
Total |
1 The figures for the previous year have been adjusted to reflect the changed divisional structure.
EBIT BEFORE EXTRAORDINARY EFFECTS BY DIVISION
€m | 9M 2026 112.9 0.9 43.6 -15.1 142.4 | 9M 20251 110.3 24.2 53.2 -37.5 150.1 | Q3 2026 49.7 -0.5 18.7 -6.5 61.3 | Q3 20251 42.5 11.1 24.8 -9.5 69.0 |
Automotive | ||||
Industrial Automation | ||||
Woodworking | ||||
Corporate Center / consolidation / allocation effects | ||||
Total |
1 The figures for the previous year have been adjusted to reflect the changed divisional structure.
AUTOMOTIVE1
9M 2026 1,303.6 1,598.4 149.1 112.9 109.5 7.1 6.9 56.0 6,731 | 9M 2025 1,223.0 1,534.7 139.8 110.3 102.6 7.2 6.7 45.5 6,784 | Q3 2026 327.8 598.2 61.0 49.7 48.4 8.3 8.1 56.0 6,731 | Q3 2025 312.6 520.3 51.1 42.5 38.5 8.2 7.4 45.5 6,784 | |
Order intake €m | ||||
Sales €m | ||||
EBITDA €m | ||||
EBIT before extraordinary effects €m | ||||
EBIT €m | ||||
EBIT margin before extraordinary effects % | ||||
EBIT margin % | ||||
ROCE (annualized) % | ||||
Employees (September 30) |
1 Since the beginning of 2026, the Lithium-Ion Battery business unit has been assigned to the Automotive division (previously Industrial Automation). Accordingly, the figures originally reported for the third quarter and the first nine months of 2025 have been duly restated.
The 6.6% increase in order intake (€1,303.6 million) in the Automotive division in 2026 to date is characterized by a large number of smaller new projects from various customer industries, while big-ticket projects from traditional customers are still in the pipeline and could be up for award in the coming months. This applies especially to North America and Asia. However, the timing of contract awards is more difficult to forecast than usual due to the generally challenging underlying conditions in the automotive sector.
Sales rose by 4.2% to €1,598.4 million in the first nine months of 2026, underpinned by the significant increase of 15.0% to
€598.2 million in the third quarter. This means that our expectation of an acceleration in sales as a result of planned project execution and completion has materialized, following customer-induced delays in individual major projects in the first half of 2026. At 7.1%, the EBIT margin before extraordinary effects after nine months came close to the previous year's solid figure. Driven by the significant increase in sales, the margin widened slightly year-on-year to 8.3% in the third quarter.
INDUSTRIAL AUTOMATION1
9M 2026 451.1 441.8 -7.0 0.9 -130.7 0.2 -29.6 2.5 3,192 | 9M 2025 473.6 479.7 38.7 24.2 -114.9 5.0 -24.0 5.3 3,523 | Q3 2026 186.2 141.8 -11.6 -0.5 -21.1 -0.3 -14.9 2.5 3,192 | Q3 2025 176.2 166.9 16.4 11.1 6.0 6.7 3.6 5.3 3,523 | |
Order intake €m | ||||
Sales €m | ||||
EBITDA €m | ||||
EBIT before extraordinary effects €m | ||||
EBIT €m | ||||
EBIT margin before extraordinary effects % | ||||
EBIT margin % | ||||
ROCE (annualized) % | ||||
Employees (September 30) |
1 Effective January 1, 2026, the Lithium-Ion Battery business unit was transferred to the Automotive division and the tooling business (BENZ) to the Woodworking division. Accordingly, the figures originally reported for the third quarter and the first nine months of 2025 have been duly restated.
The two business units within the Industrial Automation division performed disparately in the first nine months of 2026. Schenck balancing technology, which forms part of the Measuring and Process Systems business unit, achieved substantial double-digit growth in order intake and EBIT before extraordinary effects. Sales in the business unit increased at a high single-digit percentage rate. By contrast, order intake and sales at BBS Automation decreased significantly due to declining customer demand, both in the nine-month period and in the third quarter.
Measuring and Process Systems benefited from strong demand in the aerospace, power production, and automotive customer segments. By contrast, BBS Automation's business was adversely affected by the automotive industry's restrained capital spending on new production systems for electric motors, as the lines that have already been installed are not operating at full capacity utilization. However, BBS Automation was able to gain some relevant new orders in the third quarter of 2026 in both the Mobility and the Life Science segments.
All told, order intake (-4.8%) and sales (-7.9%) in the Industrial Automation division were both down on the previous year in the first nine months of 2026. At €0.9 million (9M 2025: €24.2 million), EBIT before extraordinary effects was only slightly positive despite significantly higher earnings contributed by Measuring and Process Systems. This is due to the losses sustained by BBS Automation. In addition to declining sales, BBS Automation's earnings were marked by the recognition of project risks.
The Vector efficiency program had already been initiated in the second quarter of 2026 to sustainably strengthen BBS Automation's operational capabilities and to create the basis for profitable growth in automation technology. BBS Automation is thus being realigned and its competitiveness and profitability reinforced. Further information can be found in the section entitled "Significant events" in the 2026 half-year report.
The goodwill impairment of €94.9 million recognized at BBS Automation as of June 30, 2026, as well as additional extraordinary effects totaling €-36.7 million, the majority of which was attributable to the restructuring program, resulted in negative EBIT of €-130.7 million in the Industrial Automation division in the first nine months of 2026.
WOODWORKING1
9M 2026 922.9 966.0 55.9 43.6 24.9 4.5 2.6 13.4 6,654 | 9M 2025 959.5 1,045.1 78.5 53.2 45.9 5.1 4.4 13.9 6,880 | Q3 2026 288.9 340.3 11.0 18.7 0.9 5.5 0.3 13.4 6,654 | Q3 2025 276.6 358.4 30.3 24.8 19.4 6.9 5.4 13.9 6,880 | |
Order intake €m | ||||
Sales €m | ||||
EBITDA €m | ||||
EBIT before extraordinary effects €m | ||||
EBIT €m | ||||
EBIT margin before extraordinary effects % | ||||
EBIT margin % | ||||
ROCE (annualized) % | ||||
Employees (September 30) |
1 Since the beginning of 2026, BENZ tooling business has been part of the Woodworking division (previously Industrial Automation). Accordingly, the figures originally reported for the third quarter and the first nine months of 2025 have been duly restated.
The Woodworking division's business continues to reflect the subdued economic environment in the furniture industry and in residential construction. However, business in production technology for timber construction modules is encouraging. Order intake fell slightly by 3.8% to €922.9 million in the first nine months of 2026. Alongside new product business, service orders also fell slightly in the period under review due to low capacity utilization of customers' machinery. In the third quarter of 2026, order intake increased by 4.4% compared to the very low figure recorded in the same period of the previous year.
The decline in sales after the first nine months and in the third quarter of 2026 reflected the low order intake in the previous quarters. The EBIT margin before extraordinary effects of 4.5% after nine months in 2026 (9M 2025: 5.1%) was impacted by lower sales, planned one-off expenses for the roll-out of a new ERP system, and higher R&D expenses. In the third quarter of 2026, the operating margin reached 5.5%, thus coming within the full-year target range (5.0% to 6.0%). In the same quarter of the previous year, the EBIT margin before extraordinary expenses had stood at 6.9%, which at the time was due to a strong sales mix, among other things.
It is not yet clear whether the improved order intake in the third quarter of 2026 compared to the previous year and the previous quarter already reflects the expected upturn in the economic cycle, as the interest rates relevant to construction activity have also risen significantly recently. The Woodworking division will therefore continue to focus clearly on profitability and prioritize corresponding internal measures. In addition to capacity adjustments, this also includes the opening of HOMAG's new production facility in Środa, Poland, in October 2026. More than
€50 million has been invested in the new site, which accommodates HOMAG Polska's production, engineering, logistics, service, and administration departments under a single roof. With this investment, HOMAG is creating modern production and logistics structures and strengthening the efficiency and competitiveness of its production network. The new complex is part of a multi-year investment program worth over €200 million, including around €120 million for German sites.
OUTLOOK Business forecastWe confirm the Group outlook for the 2026 fiscal year published on March 5. With respect to the individual divisions, we confirm the outlook of March 5 for Automotive and Woodworking as well as the outlook for Industrial Automation, which was adjusted on July 22.
OUTLOOK FOR THE DIVISIONS1
OUTLOOK FOR THE GROUP
2025 reported | 2026 target | |
Order intake €m | 3,894.8 | 3,800 to 4,200 |
Sales €m | 4,168.4 | 3,900 to 4,300 |
EBIT margin before extraordinary effects % | 5.6 | 5.0 to 6.5 |
ROCE (annualized) % | 15.6 | 13 to 18 |
Free cash flow €m | 161.8 | -150 to 0 |
Order intake (€ million) Sales (€ million) EBIT margin before extraordinary effects (%)
2025 reported | 2026 target | 2025 reported | 2026 target | 2025 reported | 2026 target | |
Automotive | 1,874.4 | 1,800 to 2,100 | 2,114.6 | 2,000 to 2,200 | 7.9 | 7.0 to 8.0 |
Industrial Automation | 621.8 | 500 to 6002 (previously: 600 to 750) | 665.2 | 575 to 6252 (previously: 625 to 725) | 5.3 | -1.0 to 1.02 (previously: 5.0 to 6.5) |
Woodworking | 1,407.4 | 1,300 to 1,500 | 1,397.3 | 1,300 to 1,400 | 5.5 | 5.0 to 6.0 |
1 Please refer to the notes on the figures on page 4 detailing the changes in the composition of the divisions as of January 1, 2026.
2 Adjusted on July 22, 2026
MATERIAL EVENTS AFTER THE REPORTING DATENo events occurred between the end of the period under review and the publication of this interim statement that are liable to exert a material impact on the Group's net assets, financial position, and results of operations.
Bietigheim-Bissingen, November 12, 2026 Dürr Aktiengesellschaft
Dr. Jochen Weyrauch Dr. Lars Friedrich Dr. Daniel Schmitt Chief Executive Officer
Consolidated statement of profit or loss
Consolidated statement of profit or lossof Dürr Aktiengesellschaft, Stuttgart, January 1 to September 30, 2026
€k | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Sales revenue | 3,000,227 | 3,052,040 | 1,078,750 | 1,043,724 |
Cost of sales | -2,348,228 | -2,365,016 | -861,815 | -808,938 |
Gross profit on sales | 651,999 | 687,024 | 216,935 | 234,786 |
Selling expenses | -285,961 | -290,880 | -98,836 | -93,716 |
General administrative expenses | -167,061 | -178,426 | -55,666 | -56,500 |
Research and development expenses | -113,301 | -104,592 | -37,432 | -34,202 |
Other operating income | 31,949 | 33,685 | 9,078 | 8,072 |
Other operating expenses | -124,074 | -150,324 | -11,962 | -4,016 |
Earnings before investment result, interest and income taxes | -6,449 | -3,513 | 22,117 | 54,424 |
Investment result | 1,775 | 712 | -303 | -274 |
Interest and similar income | 15,770 | 17,630 | 4,726 | 4,739 |
Interest and similar expenses | -34,141 | -39,995 | -11,423 | -13,229 |
Earnings before income taxes | -23,045 | -25,166 | 15,117 | 45,660 |
Income taxes | -40,000 | -42,678 | -9,881 | -20,119 |
Result from continuing operations | -63,045 | -67,844 | 5,236 | 25,541 |
thereof attributable to non-controlling interests | 1,334 | 3,129 | 344 | 910 |
thereof attributable to shareholders of Dürr Aktiengesellschaft | -64,379 | -70,973 | 4,892 | 24,631 |
Result from discontinued operation | - | 17,420 | - | 2,908 |
thereof attributable to non-controlling interests | - | - | - | - |
thereof attributable to shareholders of Dürr Aktiengesellschaft | - | 17,420 | - | 2,908 |
Result of the Dürr Group | -63,045 | -50,424 | 5,236 | 28,449 |
thereof attributable to non-controlling interests | 1,334 | 3,129 | 344 | 910 |
thereof attributable to shareholders of Dürr Aktiengesellschaft | -64,379 | -53,553 | 4,892 | 27,539 |
Number of issued shares in thousand | 69,202 | 69,202 | 69,202 | 69,202 |
Earnings per share in EUR (basic) | ||||
Continuing operations | -0.93 | -1.02 | 0.07 | 0.36 |
Discontinued operation | - | 0.25 | - | 0.04 |
Dürr Group | -0.93 | -0.77 | 0.07 | 0.40 |
Earnings per share in EUR (diluted) | ||||
Continuing operations | -0.93 | -0.94 | 0.07 | 0.34 |
Discontinued operation | - | 0.24 | - | 0.04 |
Dürr Group | -0.93 | -0.70 | 0.07 | 0.38 |
Consolidated statement of comprehensive income
Consolidated statement of comprehensive incomeof Dürr Aktiengesellschaft, Stuttgart, January 1 to September 30, 2026
€k | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Result of the Dürr Group | -63,045 | -50,424 | 5,236 | 28,449 |
Items directly recognized in equity that are not reclassified to profit or loss | ||||
Remeasurement of defined benefit plans and similar obligations | 2,762 | 4,924 | 1,962 | 1,306 |
attributable deferred taxes | -816 | -1,400 | -523 | -520 |
Items directly recognized in equity that are likely to be reclassified to profit or loss | ||||
Change in fair value of financial instruments used for hedging purposes directly recognized in equity | -11,531 | 31,533 | -1,368 | -4,316 |
attributable deferred taxes | 3,518 | -9,107 | 646 | 1,108 |
Effects of currency translation | 18,369 | -60,254 | 2,380 | -2,021 |
Items of comprehensive income directly recognized in equity after income taxes | 12,302 | -34,304 | 3,097 | -4,443 |
Comprehensive income after income taxes | -50,743 | -84,728 | 8,333 | 24,006 |
thereof attributable to non-controlling interests | 1,240 | 3,030 | -605 | 878 |
thereof attributable to shareholders of Dürr Aktiengesellschaft | -51,983 | -87,758 | 8,938 | 23,128 |
of Dürr Aktiengesellschaft, Stuttgart, as of September 30, 2026
€k | September 30, 2026 | December 31, 2025 September 30, 2025 |
ASSETS | ||
Goodwill | 426,084 | 518,542 525,329 |
Other intangible assets | 283,303 | 294,777 308,354 |
Property, plant and equipment | 666,822 | 660,311 650,017 |
Investment property | 19,419 | 20,088 15,321 |
Investments in entities accounted for using the equity method | 91,536 | 82,889 19,125 |
Other financial assets | 7,968 | 12,318 12,614 |
Trade receivables | 2,160 | 2,708 26,756 |
Sundry financial assets | 8,189 | 13,897 14,413 |
Deferred tax assets | 94,012 | 79,557 84,510 |
Other non-current assets | 4,440 | 3,492 5,330 |
Non-current assets | 1,603,933 | 1,688,579 1,661,769 |
Inventories and prepayments | 683,445 | 573,202 610,400 |
Contract assets | 554,271 | 534,770 535,963 |
Trade receivables | 520,977 | 507,815 597,628 |
Sundry financial assets | 140,647 | 273,556 213,841 |
Cash and cash equivalents | 747,173 | 964,443 610,667 |
Income tax receivables | 30,870 | 30,408 27,600 |
Other current assets | 96,726 | 85,084 100,347 |
Assets held for sale | 4,555 | 6,865 256,708 |
Current assets | 2,778,664 | 2,976,143 2,953,154 |
Total assets of the Dürr Group | 4,382,597 | 4,664,722 4,614,923 |
€k | September 30, 2026 | December 31, 2025 | September 30, 2025 | |
EQUITY AND LIABILITIES | ||||
Subscribed capital | 177,157 | 177,157 | 177,157 | |
Capital reserves | 74,428 | 74,428 | 74,428 | |
Retained earnings | 1,027,561 | 1,147,422 | 899,534 | |
Accumulated other comprehensive income | -51,867 | -64,246 | -72,311 | |
Total equity attributable to the shareholders of Dürr Aktiengesellschaft | 1,227,279 | 1,334,761 | 1,078,808 | |
Non-controlling interests | 18,338 | 18,333 | 20,847 | |
Total equity | 1,245,617 | 1,353,094 | 1,099,655 | |
Provisions for post-employment benefit obligations | 30,899 | 34,703 | 31,011 | |
Other provisions | 27,221 | 27,428 | 25,064 | |
Contract liabilities | 15,078 | 13,643 | 14,077 | |
Trade payables | 2,475 | 790 | 1,907 | |
Convertible bond and schuldschein loans | 651,888 | 891,267 | 891,134 | |
Other financial liabilities | 58,055 | 58,462 | 61,060 | |
Sundry financial liabilities | 8,077 | 11,225 | 7,692 | |
Deferred tax liabilities | 73,285 | 69,330 | 56,949 | |
Other non-current liabilities | 369 | 712 | 910 | |
Non-current liabilities | 867,347 | 1,107,560 | 1,089,804 | |
Other provisions | 210,511 | 174,581 | 153,218 | |
Contract liabilities | 866,888 | 906,323 | 971,137 | |
Trade payables | 477,618 | 390,590 | 428,865 | |
Convertible bond and schuldschein loans | 221,251 | 249,894 | 249,252 | |
Other financial liabilities | 56,030 | 60,064 | 59,307 | |
Sundry financial liabilities | 216,312 | 223,066 | 228,732 | |
Income tax liabilities | 71,762 | 75,951 | 57,186 | |
Other current liabilities | 149,261 | 123,599 | 138,024 | |
Liabilities held for sale | - | - | 139,743 | |
Current liabilities | 2,269,633 | 2,204,068 | 2,425,464 | |
Total equity and liabilities of the Dürr Group | 4,382,597 | 4,664,722 | 4,614,923 |
of Dürr Aktiengesellschaft, Stuttgart, January 1 to September 30, 2026
€k | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Earnings before income taxes | -23,045 | -1,984 | 15,117 | 49,192 |
Income taxes paid | -48,990 | -49,830 | -9,463 | -12,494 |
Net interest | 18,371 | 22,072 | 6,697 | 8,339 |
Earnings from entities accounted for using the equity method | -1,338 | -733 | -261 | -193 |
Dividends from entities accounted for using the equity method | - | 78 | - | - |
Amortization, depreciation and impairment of non-current assets | 196,360 | 226,326 | 32,824 | 34,749 |
Earnings from the disposal of non-current assets | 687 | 99 | 941 | 15 |
Earnings from assets classified as held for sale | -2,882 | 16,274 | 1,096 | 8,596 |
Other non-cash expenses and income | -3,194 | -5,520 | -376 | -891 |
Changes in operating assets and liabilities | ||||
Inventories | -100,492 | -6,243 | -18,837 | 5,353 |
Contract assets | -8,520 | 82,113 | 22,731 | 52,854 |
Trade receivables | 1,044 | -93,504 | -23,290 | -77,336 |
Sundry financial assets and other assets | -4,864 | -44,395 | 26,984 | 21,645 |
Provisions | 30,451 | -14,303 | 30,822 | 14,040 |
Contract liabilities | -51,623 | 73,131 | -121,678 | 17,312 |
Trade payables | 76,517 | 2,614 | -7,893 | -52,262 |
Sundry financial liabilities and other liabilities (not related to financing activities) | 5,678 | 28,205 | 20,937 | 11,797 |
Cash flow from operating activities | 84,160 | 234,400 | -23,649 | 80,716 |
thereof from continuing operations | 84,160 | 207,845 | -23,649 | 71,367 |
thereof from discontinued operation | - | 26,555 | - | 9,349 |
Cash payments to acquire intangible assets | -25,091 | -28,935 | -8,798 | -9,183 |
Cash payments to acquire property, plant and equipment1 | -43,153 | -43,826 | -17,255 | -18,279 |
Cash payments to acquire entities accounted for using the equity method | -3 | -343 | -3 | -343 |
Cash payments to acquire other financial assets | -1 | - | - | - |
Cash payments for business acquisitions, net of cash acquired | - | -2,178 | - | -976 |
Cash receipts from business acquisitions | 2,604 | - | - | - |
Cash receipts from the disposal of non-current assets | 2,351 | 2,705 | 892 | 658 |
Cash receipts from/payments for investments in time deposits and current securities | 120,588 | -47,352 | 38,115 | -735 |
Cash receipts from/payments for the sale of assets classified as held for sale | 13,308 | -9,028 | 5,663 | -7,005 |
Interest received | 15,741 | 14,600 | 5,190 | 3,795 |
Cash flow from investing activities | 86,344 | -114,357 | 23,804 | -32,068 |
thereof from continuing operations | 86,344 | -101,699 | 23,804 | -22,815 |
thereof from discontinued operation | - | -12,658 | - | -9,253 |
€k | 9M 2026 | 9M 2025 | Q3 2026 | Q3 2025 |
Net movement of current financial liabilities | -3,819 | -8 | 1,191 | -8,237 |
New borrowings of non-current financial liabilities | 460 | - | - | - |
Repayment of non-current financial liabilities | -269,077 | -68,217 | -18,678 | -30,372 |
Repayment of lease liabilities | -28,622 | -28,984 | -8,089 | -8,902 |
Payments for transactions with the owners of non-controlling interests | - | -4,954 | - | - |
Dividends paid to shareholders of Dürr Aktiengesellschaft | -55,362 | -48,441 | - | - |
Dividends paid to owners of non-controlling interests | -1,047 | -776 | - | - |
Tendering of shares as part of the settlement offer to the shareholders of HOMAG Group AG | - | -96,714 | - | - |
Interest paid | -37,372 | -40,927 | -3,291 | -3,344 |
Cash flow from financing activities | -394,839 | -289,021 | -28,867 | -50,855 |
thereof from continuing operations | -394,839 | -259,458 | -28,867 | -48,804 |
thereof from discontinued operation | - | -29,563 | - | -2,051 |
Effect of changes in foreign exchange rates | 6,861 | -23,032 | 1,478 | -2,404 |
Change in cash and cash equivalents | -217,474 | -221,316 | -27,234 | -33,917 |
Cash and cash equivalents | ||||
At the beginning of the period | 965,421 | 832,582 | 775,181 | 645,183 |
At the end of the period | 747,947 | 650,348 | 747,947 | 650,348 |
Net of cash and cash equivalents classified as assets held for sale | - | -39,082 | - | -39,082 |
Loss allowance pursuant to IFRS 9 | -774 | -599 | -774 | -599 |
Cash and cash equivalents as at the end of the period (consolidated statement of financial position) | 747,173 | 610,667 | 747,173 | 610,667 |
1 The item "Cash payments to acquire property, plant and equipment" does not contain cash outflows for additions of right-of-use lease assets, since there are no cash outflows at the time of addition of the right-of-use assets (except for: acquisition-related costs paid and prepayments).
Contents Key figures Group management report Consolidated financial statements Financial calendar / Contact
Consolidated statement of changes in equity
Consolidated statement of changes in equityof Dürr Aktiengesellschaft, Stuttgart, January 1 to September 30, 2026
Items that are not reclassified to profit or loss
Accumulated other comprehensive income
Items that are likely to be reclassified to profit or loss
€k | Subscribed capital | Capital reserves | Retained earnings | Reameasurement of defined benefit plans | Remeasurement of equity instruments | Unrealized gain on/loss from cash flow hedges | Changes consolidated group/ reclassifications | Foreign currency translation | Accumulated other comprehensive income | Total equity of the shareholders of Dürr Aktiengesellschaft | Non-controlling interests | Total equity | |||||||||||
January 1, 2025 | 177,157 | 74,428 | 1,005,287 | -26,331 | -4,586 | -16,337 | 482 | 8,956 | -37,816 | 1,219,056 | 4,665 | 1,223,721 | |||||||||||
Result | - | - | -53,553 | - | - | - | - | - | - | -53,553 | 3,129 | -50,424 | |||||||||||
Other comprehensive income | - | - | - | 3,524 | - | 22,348 | - | -60,077 | -34,205 | -34,205 | -99 | -34,304 | |||||||||||
Comprehensive income after income taxes | - | - | -53,553 | 3,524 | - | 22,348 | - | -60,077 | -34,205 | -87,758 | 3,030 | -84,728 | |||||||||||
Dividends | - | - | -48,441 | - | - | - | - | - | - | -48,441 | -776 | -49,217 | |||||||||||
Options of owners of non-controlling interests | - | - | -3,776 | 25 | - | 52 | - | -350 | -273 | -4,049 | 13,660 | 9,611 | |||||||||||
Other changes | - | - | 17 | - | - | - | -17 | - | -17 | - | 268 | 268 | |||||||||||
September 30, 2025 | 177,157 | 74,428 | 899,534 | -22,782 | -4,586 | 6,063 | 465 | -51,471 | -72,311 | 1,078,808 | 20,847 | 1,099,655 | |||||||||||
January 1, 2026 | 177,157 | 74,428 | 1,147,422 | -10,679 | -4,586 | 5,942 | 460 | -55,383 | -64,246 | 1,334,761 | 18,333 | 1,353,094 | |||||||||||
Result | - | - | -64,379 | - | - | - | - | - | - | -64,379 | 1,334 | -63,045 | |||||||||||
Other comprehensive income | - | - | - | 1,946 | - | -7,982 | - | 18,432 | 12,396 | 12,396 | -94 | 12,302 | |||||||||||
Comprehensive income after income taxes | - | - | -64,379 | 1,946 | - | -7,982 | - | 18,432 | 12,396 | -51,983 | 1,240 | -50,743 | |||||||||||
Dividends | - | - | -55,362 | - | - | - | - | - | - | -55,362 | -1,047 | -56,409 | |||||||||||
Options of owners of non-controlling interests | - | - | -62 | - | - | - | - | - | - | -62 | 62 | - | |||||||||||
Other changes | - | - | -58 | - | - | - | -17 | - | -17 | -75 | -250 | -325 | |||||||||||
September 30, 2026 | 177,157 | 74,428 | 1,027,561 | -8,733 | -4,586 | -2,040 | 443 | -36,951 | -51,867 | 1,227,279 | 18,338 | 1,245,617 |
Contents Key figures Group management report Consolidated financial statements Financial calendar / Contact
FINANCIAL CALENDARDecember 9-10, 2026 Capital Markets Day
March 4, 2027 Preliminary figures for fiscal 2026
March 25, 2027 Publication of the annual report 2026
May 13, 2027 Interim statement for the first quarter of 2027
May 26, 2027 Annual General Meeting
August 5, 2027 Interim financial report for the first half of 2027
November 11, 2027 Interim statement for the first nine months of 2027
CONTACTPlease contact us Dürr AG
for further Björn Voss / Mathias Christen
Information: Corporate Communications, Investor Relations & Sustainability
Carl-Benz-Strasse 34
74321 Bietigheim-Bissingen Germany
Tel.: +49 7142 78-1022 / -1381
corpcom@durr.com investor.relations@durr.com www.durr-group.com
This interim statement is the English translation of the German original. The German version shall prevail.
This publication has been prepared independently by Dürr AG/Dürr Group ("Dürr"). It may contain statements which address such key issues as strategy, future financial results, events, competitive positions, and product developments. As is the case for any business activity conducted in a global environment, such forward-looking statements are always subject to uncertainty. They are exposed to a number of risks, uncertainties, and other factors, including, but not limited to those described in Dürr AG's disclosures, in particular in the chapter entitled "Risks" in Dürr AG's annual report. 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 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 à financial glossary on the web site.
DÜRR AKTIENGESELLSCHAFT
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen Germany
Phone +49 7142 78-0
E-mail corpcom@durr.com
