Duerr AG (MEX:DUE)

MXN 873.46 0 (0%) Market Cap: 31.51 Bil Enterprise Value: 38.99 Bil PE Ratio: 19.80 PB Ratio: 1.36 GF Score: 77/100

Half Year 2019 Duerr AG Earnings Call Transcript

Jul 23, 2019 / 12:30PM GMT

Release Date Price: MXN592.84

Transcript

Operator

Welcome to the DÃ¼rr conference call. Ralf Dieter, CEO; and Carlo Crosetto, CFO, of DÃ¼rr AG will give you a short introduction, followed by a Q&A session. I will now hand you over to Mr. Dieter, CEO of DÃ¼rr AG.

Ralf W. Dieter

DÃ¼rr Aktiengesellschaft - Chairman of Management Board & CEO

Yes. Thank you, Mr. Perniga. Good afternoon, ladies and gentlemen. Good morning to those of you in the U.S. We are presenting to you today our preliminary first half figures and also the background of our revised outlook that we did last night.

To start with the summary, we have our sales picked up by 8% and the incoming orders nearly on the same level like last year, although we have challenging market conditions as you all know.

The book-to-bill ratio at 1 and the order backlog still at EUR 2.6 billion, which is slightly above the end of last year.

We're positive in our service business, which is -- was growing 15%, which is a strong growth.

The earnings were moderate in the first half where we show on the EBIT side a minus of

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