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: 79/100

Nine Months 2019 Duerr AG Earnings Call Transcript

Nov 07, 2019 / 02:00PM GMT

Release Date Price: MXN636.21 (+15.41%)

Transcript

Operator

Welcome to the Durr conference call. Ralf Dieter, CEO; and Carlo Crosetto, CFO of Durr AG will present the Durr's group figures for the 9 -- first 9 months of 2019, followed by a Q&A session. At our customers' request, this conference will be recorded.

I will now hand over to Mr. Dieter, CEO of Durr AG.

Ralf W. Dieter

DÃ¼rr Aktiengesellschaft - Chairman of Management Board & CEO

Yes, thank you very much, and good afternoon or good morning, ladies and gentlemen, thanks for joining us here today. And Carlo Crosetto and myself will now go through the presentation, which we have sent out. We would like to start on Page #3 with a summary of -- about the third quarter. So there is an increase in order intake sales and EBIT. Our sales was up 5%, and the incoming orders up 4% in 9 months. And I think that's pretty good in terms of the challenging market environment we have. And HOMAG's incoming orders in the third quarter were also above the relatively weak second quarter level. We won a large system order in China, which was the first sign that, in

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