ReutersReuters

Duerr drops after FY orders outlook cut, 'weaker than feared' Q2 results

Refinitiv阅读少于1分钟

** Shares in Duerr DUE fall around 6% in early Frankfurt trade as the German machinery maker cut its FY order intake guidance after posting weaker-than-expected preliminary Q2 results, citing tariffs and uncertainties

** Duerr now expects FY order intake in a range of 3.8 billion euros to 4.1 billion euros ($4.47-$4.83 billion), compared to 4.3 billion and 4.7 billion euros previously targeted

** "Very weak order intake will weigh on shares. Impact might not be as harsh as usual as reason cited were tariffs and tariff deal seem imminent," a local trader says

** The trader also says Duerr's quarterly results came in weaker than feared

** The company's quarterly order intake amounted to 806.8 million euros, down 33.5% from 1.2 billion euros a year earlier

** The stock is seen among the worst performers of Germany's small-cap index SSDXP

($1 = 0.8494 euros)

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