Germany's Duerr H1 in red, cautions over 2003 goals

Newswire

FRANKFURT, Aug 20 (Reuters) - German auto equipment supplier Duerr AG posted a net loss for the first half of 2003 and said its goal to stabilise revenues and earnings in the full year was looking increasingly ambitious. Duerr, which makes assembly lines and paint-shop equipment for carmakers, said it expected the auto industry to invest cautiously in the second half while a sustainable recovery of the world economy was not yet expected. "Against this backdrop, the board sees the goal to ...

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