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    DGAP-Adhoc  483  0 Kommentare Drägerwerk AG & Co. KGaA: One-off effects impact result. Dräger revises 2015 annual forecast. Efficiency program intensified.


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

    13.10.2015 20:42

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

    ---------------------------------------------------------------------------

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

    Drägerwerk AG & Co. KGaA: One-off effects impact result. Dräger revises
    2015 annual forecast. Efficiency program intensified.

    Based on preliminary figures, Drägerwerk AG & Co. KGaA concluded the third
    quarter with a negative result partly due to one-off effects. The previous
    annual forecast is now unlikely to be reached. In terms of the full-year
    forecast, Dräger now anticipates net sales growth of 1.0 to 3.0 percent net
    of currency effects and an EBIT margin of between 2.5 and 4.5 percent.

    Compared to the prior-year quarter, order intake rose by 3.5 percent in the
    third quarter. Dräger also recorded a 2.1 percent rise in net sales to EUR
    604.0 million. Net of currency effects, order intake increased by 1.2
    percent and net sales rose by 0.2 percent. In the medical division, order
    intake was up by 1.8 percent (-0.9 percent net of currency effects),
    whereas net sales increased by 2.5 percent (0.2 percent net of currency
    effects). Orders in the safety division climbed by 6.9 percent (5.2 percent
    net of currency effects), while net sales rose by 1.4 percent (0.0 percent
    net of currency effects). Group EBIT totaled approximately EUR -23 million
    (prior-year quarter: EUR 47.2 million), equating to an EBIT margin of -3.7
    percent (prior-year quarter: 8.0 percent).

    As a result, net sales in the first nine months of the year increased by
    7.1 percent year on year (2.3 percent net of currency effects). Total EBIT
    stood at roughly EUR 0 million (9 months 2014: EUR 81.2 million). The EBIT
    margin fell from 4.9 percent in the prior-year period to 0.0 percent.

    Business development in the Asia Pacific region, particularly in China, has
    suffered a further downturn. Business in the region Americas also fell
    short of expectations. In the safety division, business has not yet
    improved in the raw materials sector, especially in areas particularly
    dependent on the price of oil.

    In addition, one-off effects such as write-downs on receivables and
    inventories and provisions for quality costs had a negative impact of
    roughly EUR 20 million on the third-quarter result.

    The gross margin for the first nine months of the year stood at 44.5
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    DGAP-Adhoc Drägerwerk AG & Co. KGaA: One-off effects impact result. Dräger revises 2015 annual forecast. Efficiency program intensified. Drägerwerk AG & Co. KGaA / Key word(s): Profit Warning 13.10.2015 20:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this …

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