Duerr: Another restructuring program due to weak end market

研报英文原文证据摘录

Duerr: Another restructuring program due to weak end market

Deutsche Bank

Research

Rating Company Date

Hold Duerr 23 July 2026

Results

Europe

Germany

Reuters Bloomberg Exchange Ticker Price at 22 Jul 2026 (EUR) 18.54

DUEG.DE DUE GR GER DUEG

Price Target (EUR) 21.00

Capital Goods

ADR ISIN 52-week range (EUR) 25.10 - 17.08

Engineering

DURYY US2668881061

Another restructuring program due to

Valuation & Risks weak end market

Nikita Papaccio

Announcement of well-expected restructuring program Research Analyst

Duerr published an ad-hoc release last night, announcing a restructuring program +49-69-910-48637

for its BBS Automation business. As the business is hampered by the weak mobility

Christoph Laskawi

business for quarters already, the company has taken action to improve efficiencies Research Analyst

and plans to reduce the workforce by 500 employees by the end of 2027. This should +49-69-910-31924

reduce costs by EUR30m annually from 2027 and protect the profitability. That said,

Nicolai Kempf

the company lowered the outlook for the Industrial Automation business

Research Analyst

substantially, expecting profitability to be around breakeven. At the same time, the

+49-162-5168792

company reiterated its group guidance on the back of stronger Automotive and

Woodworking divisions but pointed towards the lower end of the group targets. Mira Wiegratz

While Q2 prelims were published, which were in line with consensus, the company Research Associate

+49-69-9103-1733

will report the full set of results on August 6. Moreover, the company announced

that it will host a CMD at its headquarters on December 9 and 10. Tim Rokossa

Head of European Equity Research

+49-69-910-31998

Details on the cost reduction program