Vocational training

Dürr: Dürr Group once again among the best German vocational training companies


Bietigheim-Bissingen, October 26, 2022 – The German-language monthly business magazine Capital has once again confirmed that the Dürr Group ranks among Germany’s top companies for vocational training. In its sixth study, “The best German companies for vocational training”, it even placed several Dürr subsidiaries at the top of the categories “Training” and “Alternative training” (cooperative training program). HOMAG and Teamtechnik received the highest rating of five stars in both categories. Dürr Systems and Schenck RoTec each received four stars in the “training” category and five stars each in the “work-study” category.

“The training of young people is a major challenge for us. We are therefore delighted that our training offer is once again recognized. Thus, we strive to open up future prospects to our apprentices and work-study students from the start of their professional training. and consult them and support them in their career development. All of these efforts are based on our belief that this is the right approach to address the shortage of skilled labour,” emphasizes Klaus Achtelik, Human Resources Director of the Dürr Group.

This year, a total of 751 companies participated in the Capital study and the talent platform Ausbildung.de. The categories analyzed include the support and integration of apprentices, the qualification and promotion of trainers, as well as the use of innovative training methods such as digital media, and the integration of the technical capacities of apprentices. “Learning within the organisation” also played a major role, with due consideration given to learning methods, success tracking and training plans. Another major concern this year was the apprentices’ prospects for success. Participating companies were asked to provide information on retention and attrition rates of their apprentices as well as training and starting salaries, and to describe career opportunities and apprenticeship options.

In Germany, the Dürr Group currently has around 472 apprentices and students from cooperative universities. Nearly two-thirds of them work for HOMAG, the world leader in woodworking machinery. Each year, around a hundred young people begin their professional training or their cooperative university course at the German sites of the Dürr group. They can choose from nineteen apprenticeship programs and thirteen cooperative studies courses.

The Dürr Group is one of the world’s leading mechanical and plant engineering companies with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient and resource-saving manufacturing processes in different industries. The Dürr Group supplies sectors such as the automotive industry, mechanical engineering, chemicals, pharmaceuticals, medical technology and the wood industry. It generated a turnover of 3.54 billion euros in 2021. The company has nearly 18,100 employees and 120 commercial sites in 33 countries. The Dürr Group operates on the market with the brands Dürr, Schenck and HOMAG and with five divisions:

  • Painting and final assembly systems: paint shops as well as final assembly, testing and filling technology for the automotive industry, assembly and testing systems for medical devices
  • Application technology: robotic technologies for the automated application of paints, sealants and adhesives
  • Clean technology systems: air pollution control, noise suppression systems and battery electrode coating systems
  • Measurement and process systems: balancing equipment and diagnostic technology
  • Woodworking machines and systems: machinery and equipment for the wood industry

This publication has been prepared independently by Dürr AG/Dürr group. It may contain statements that address key matters such as strategy, future financial results, events, competitive positions and product developments. These forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to, those described in Dürr AG’s statements, in particular in the “Risks” section of the report. Annual Report of Dürr AG. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations fail to materialize or assumptions prove incorrect, the actual results, performance or achievements of the Dürr Group could differ materially from those described in the relevant forward-looking statements. These statements can be identified by words such as “expect”, “will”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate”, ” want”, “plan” or words of similar meaning. Dürr AG does not intend, nor undertake any obligation, to regularly update or revise its forward-looking statements in light of developments that differ from those anticipated. The declared competitive positions are based on management estimates supported by information provided by specialized external agencies.

Our financial reports, presentations, press releases and ad hoc releases may include alternative financial measures. These indicators are not defined in the IFRS (International Financial Reporting Standards). The net assets, financial position and operating results of the Dürr Group should not be assessed solely on the basis of these alternative financial parameters. They in no way replace the performance indicators presented in the consolidated financial statements and calculated in accordance with IFRS standards. The calculation of alternative financial metrics may vary from company to company despite using the same terminology. Further information on the alternative financial measures used by Dürr AG can be found in our → financial glossary on the webpage.

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Durr AG published this content on October 26, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on October 26, 2022 09:47:01 UTC.

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DÜRR AG analyst recommendations

2022 sales 4,129M
4,119M
4,119M
Net income 2022 129M
129M
129M
Net debt 2022 418M
417M
417M
PER 2022 ratio 14.1x
2022 return 2.92%
Capitalization 1,814 million
1,810 million
1,810 million
EV / Sales 2022 0.54x
EV / Sales 2023 0.51x
# of employees 18,126
Floating 69.8%


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Medium consensus SURPASS
Number of analysts 12
Last closing price 26,22 €
Average target price €34.21
Average Spread / Target 30.5%