Germany's Duerr cuts full year profit outlook

Newswire

FRANKFURT, Nov 5 (Reuters) - German industrial firm Duerr AG lowered its full year pre-tax profit forecast following "unforeseen expenses" at two of its five business units, the company said late on Thursday.

Due to added costs totalling 12-14 million euros ($15-$18 million) at its Ecoclean and Final Assembly Systems divisions, Duerr said it now expects earnings of between 8 million and 12 million euros before taxes for 2004.

The company, which provides turnkey systems ...

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