Investor Relations Presentation May 2024 slide image

Investor Relations Presentation May 2024

Cost saving measures at HOMAG Background ■ Cyclical downturn in demand for woodworking machines after peaks in 2021 and 2022 – in addition, high interest rates and rising cost of material and labor impact residential construction activity Current capacities at HOMAG cannot be fully utilized Measures Global capacity reduction program (~600 employees) Restructuring charges of €35 – €50 m expected (Q4 2023) 2 Cost savings of ~ €50 m by 2025 (50% in 2024) ■ Use flexible labor measures and operating cost savings Target EBIT margin before ext. effects of 2% -4% in 2024 Sustainable improvement of cost structure DÜRR GROUP. www.durr-group.com © Dürr AG, CCI, Investor Relations Presentation, May 2024 51
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