Duerr AG (LTS:0J9C)
€ 22.97 0.06 (0.26%) Market Cap: 1.57 Bil Enterprise Value: 1.83 Bil PE Ratio: 20.36 PB Ratio: 1.39 GF Score: 78/100
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Duerr AG to Discuss the Acquisition of a Majority Stake in Teamtechnik Corp Transcript

Dec 17, 2020 / 07:00AM GMT
Release Date Price: €32.71 (+4.44%)
Operator

Thank you for holding. Welcome to the conference call. (Operator Instructions)

May I now hand you over to Jochen Weyrauch, who will lead you through this conference. Please go ahead.

Jochen Weyrauch
Dürr Aktiengesellschaft - Deputy CEO & Member of Management Board

Yes, good morning, and thanks for introducing. My name is Jochen Weyrauch. I'm the deputy CEO of Dürr AG, responsible for the automotive business as well as our M&A activities. I'm glad to give you insights of the acquisition of Teamtechnik, which we have published yesterday. And I'm grateful that you have dialed in at such a short notice. Our management team is not complete today in this call. Ralf Dieter is active on the preparation of our Supervisory Board meeting, Dietmar Heinrich and myself are happy to answer your questions after my short presentation.

If we look at the proration, Page 4, I think we load it up yesterday. I hope everybody has it available. We're glad to have completed the signing of Teamtechnik last night. We've acquired 75% of the company, 25%

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