November 3, 2015 / 6:37 AM / 2 years ago

Duerr raises sales outlook on China, Homag purchase

BERLIN, Nov 3 (Reuters) - Germany's Duerr has raised its sales outlook for 2015 after posting forecast-beating results in the third quarter on strong demand in China and business earned from acquiring woodworking specialist Homag group.

The industrial systems and automotive supplier now expects sales of 3.6-3.7 billion euros ($4.0-4.1 billion), compared with a previous target of 3.4-3.5 billion, it said on Tuesday.

Nearly a billion euros of full-year sales will be contributed by Homag which Duerr has consolidated in its results since October 2014.

$1 = 0.9060 euros Reporting by Andreas Cremer; Editing by Kirsti Knolle

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below