DGAP-Adhoc Drägerwerk AG & Co. KGaA: Dräger exceeds previous forecast; EBIT margin in the range of up to 9.7 percent. Net Sales grow by 2.6 percent (net of currency effects) to EUR 2.4 bill

    Nachrichtenquelle: EQS Group AG
     |  22.01.2013, 19:36  |  532 Aufrufe  |   | 

    Drägerwerk AG & Co. KGaA  / Key word(s): Profit Warning

    22.01.2013 19:36

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a company of EquityStory AG.
    The issuer is solely responsible for the content of this announcement.

    Ad hoc report in accordance with Sec. 15 of the German Securities Trading

    Dräger exceeds previous forecast; EBIT margin in the range of up to 9.7
    Net sales grow by 2.6 percent (net of currency effects) to EUR 2.4 billion

    On the basis of preliminaries, Drägerwerk AG & Co. KGaA achieved an EBIT
    margin in the range of up to 9.7 percent in fiscal year 2012 (2011: 9.5
    percent). This result exceeds the EBIT margin forecast that Dräger
    published in its third quarterly report (EBIT margin in the mid-range of
    8.0 percent to 9.5 percent). Net sales rose by some 5.3 percent year on
    year to almost EUR 2.4 billion. The company saw order intake rise by some
    4.8 percent to a good EUR 2.4 billion. Net of currency effects, net sales
    growth amounted to roughly 2.6 percent and order intake growth totaled
    approximately 2.2 percent.

    The main reasons for the increased earnings development: The share of
    end-of-year orders in especially profitable business areas was better than
    expected. For example, demand for ventilators was particularly strong.
    Business with industrial customers also developed positively. In addition,
    Dräger profited from strong demand from countries with above-average
    margins. The ratio of general administrative and sales expenses to net
    sales was also down on the previous year. Furthermore, some of the expenses
    originally planned for the fourth quarter were not incurred.

    As in the prior year, employees share in the Company´s good performance
    through special variable payments reached as part of a supplementary
    collective agreement (formerly special vacation and Christmas pay). Based
    on the preliminaries, this payment increases to some EUR 3,000 per employee
    on average.

    Dräger expects net sales growth (net of currency effects) for fiscal year
    2013 to be more or less on par with the level seen in 2012. The EBIT margin
    is expected to be between 8.0 percent and 10.0 percent, depending
    especially on the country and product mix.

    Details on the medium-term guidance will be communicated with the
    publication of the audited figures on March 12, 2013.

    The published net sales and margin estimates are based on the assumption of
    a steady development in the markets relevant for Dräger and unchanged
    exchange rates.

    Drägerwerk AG & Co. KGaA
    Moislinger Allee 53-55
    23558 Lübeck, Germany

    Investor Relations:
    Thomas Fischler
    Phone: +49 451 882-2685

    Corporate Communications:
    Melanie Kamann
    Phone: +49 451 882-3998

    This ad hoc report contains statements on the future development of Dräger
    Group. These forward-looking statements are based on the current
    expectations, presumptions, and forecasts of the Executive Board as well as
    the information available to date. They were compiled to the best of the
    company´s knowledge. Dräger does not provide any warranty nor assume any
    responsibility for the future developments and results described above.
    These are dependent on a number of factors. They entail various risks and
    contingencies outside of the company´s influence and are based on
    assumptions which could prove to be incorrect. Dräger does not assume any
    responsibility for updating the forward-looking statements contained in
    this report. This does not infringe any legal stipulations on the
    adjustment of forecasts. Please go to Investoren / Finanzkalender at
    www.draeger.com for information on all important financial dates.

    22.01.2013 DGAP´s Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    Language:     English
    Company:      Drägerwerk AG & Co. KGaA
                  Moislinger Allee 53-55
                  23542 Lübeck
    Phone:        +49 (0)451 882-0
    Fax:          +49 (0)451 882-2080
    E-mail:       info@draeger.com
    Internet:     www.draeger.com
    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
    Indices:      TecDAX
    Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
                  Standard), Hamburg, Hannover, München; Freiverkehr in

    End of Announcement                             DGAP News-Service

    Themen: InvestDAXEUR

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