Dürr (DUE) Q2 2026 TU earnings summary

Executive summary

• Q2 2026 order intake rose 13% year-over-year, mainly driven by Automotive, despite macroeconomic uncertainty.

• Revenues declined 2% year-over-year, with Automotive up, Woodworking down, and Industrial Automation mixed.

• Efficiency program 'Vector' launched at BBS Automation to address weak demand and improve profitability.

• All group KPIs and full-year 2026 guidance confirmed, supported by robust H1 performance.

Financial highlights

• Q2 2026 order intake increased 13% year-over-year to €2,008 million; sales declined 2% to €1,921 million.

• Group EBIT margin before extraordinary items improved slightly to 4.3% in Q2 2026, despite lower sales and BBS headwinds.

• Automotive division Q2 order intake up 27.9% year-over-year to €516.8 million; EBIT margin before extraordinary effects stable at 6.6%.

• Industrial Automation EBIT margin before extraordinary effects dropped to -2.4% in Q2 2026 due to BBS Automation weakness.

• Woodworking Q2 2026 EBIT margin before extraordinary effects improved to 4.9% despite sales decline.

Outlook and guidance

• Group guidance for 2026 confirmed: sales €3.9–4.3 billion, EBIT margin before extraordinary effects 5.0–6.5%, ROCE 13–18%.

• Margin improvements expected in H2 2026 from Automotive seasonality, BBS Automation savings, and Woodworking cost benefits.

• Industrial Automation guidance lowered, but group-level guidance maintained.

• BBS Automation targets sales above €600 million and 8% EBIT margin before extraordinary effects by 2030.

• Free cash flow guidance reflects customer payment shifts and restructuring cash-outs.