Drägerwerk AG & Co. KGaA / Key word(s): Preliminary Results
Drägerwerk AG & Co. KGaA: preliminary result for the first quarter. Net sales and earnings with significant rise over the prior year’s figures.
12-Apr-2019 / 13:13 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc notification in accordance with Sec. 17 of the MAR
Drägerwerk AG & Co. KGaA: preliminary result for the first quarter. Net sales and Earnings with significant rise over the prior year’s figures.
Order intake in the first quarter rose by roughly 3.4 percent net of currency effects (nominal: 4.2 percent) compared to the first quarter last year. Compared to the prior year’s quarter, all regions increased order intake. Demand increase was strongest in the Americas region.
Net sales increased by roughly 20.7 percent net of currency effects (nominal: 21.4 percent) to approximately EUR 602 million. Net sales increased in all three regions in medical, as well as in safety. The gross profit margin stood at roughly 42.3 percent (Q1 2018: 41.4 percent). Functional expenses increased by 7.3 percent net of currency effects (nominal: 8.2 percent). EBIT for the first quarter amounted to roughly EUR -11 million (Q1 2018: EUR -39.8 million), which corresponds to an EBIT-margin of roughly -1.8 %.
Net sales and earnings are therefore significantly above the prior year’s figures. In the prior year’s quarter exceptional delivery delays had burdened the net sales development.
For the full year, Draeger continues to expect net sales growth (net of currency effects) of between 1.0 and 4.0 percent and an EBIT-margin of between 1.0 and 3.0 percent.
Dräger will publish final results for the first three months on April 25, 2019.
Drägerwerk AG & Co. KGaA
12-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Drägerwerk AG & Co. KGaA|
|Moislinger Allee 53-55|
|Phone:||+49 (0)451 882-0|
|Fax:||+49 (0)451 882-2080|
|ISIN:||DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9|
|WKN:||555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart, Tradegate Exchange|
|EQS News ID:||799483|
|End of Announcement||DGAP News Service|