mechanical and plant engineering group Dürr Group on Tuesday reported that its fourth-quarter earnings after tax rose to 40.1 million euros from 29.7 million euros a year ago. EBIT for the quarter increased 34.9 percent to 58 million euros from 43 million euros last year. For the fourth quarter, sales revenues grew 4.5 percent to 642.5 million euros from 618.4 million euros last year. For the year 2102, earnings after tax surged 73.3 percent to 111.4 million euros, while EBIT rose 66.1 percent to 176.9 million euros. Sales revenues for the year increased 24.9 percent to 2.399 billion euros. Dürr Group noted earnings were boosted by the sharp rise in sales revenues coupled with corresponding economies of scale and moderate costs.
The group said its board will be proposing an increase in the dividend per share to 2.25 euros from 1.20 euros.
For the year 2013, Dürr Group forecasts slight growth in sales and earnings.
by RTT Staff Writer
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