EQS-Adhoc

Drägerwerk AG & Co. KGaA: Preliminary figures 2023: Net sales and earnings significantly above prior year – Dividend increase – Forecast 2024

EQS-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Preliminary Results/Forecast Drägerwerk AG & Co. KGaA: Preliminary figures 2023: Net sales and earnings significantly above prior year – Dividend increase – Forecast 2024 15-Jan-2024 / 18:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - 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 figures 2023: Net sales and earnings significantly above prior year – Dividend increase – Forecast 2024

Lübeck, January 15, 2024 – Dräger's net sales and earnings increased significantly in fiscal year 2023 based on preliminary calculations. This was due in particular to the noticeable improvement in delivery capability as a result of diminishing global supply chain problems, which enabled Dräger to generate strong net sales growth from the high order backlog of the prior year and from the continued high demand for Dräger products and services. At the beginning of the year, Dräger also benefited from the surge in demand for ventilators in China. On the earnings side, the successful cost management had a positive impact in addition to the good net sales development.

Net sales in fiscal year 2023 increased by 13.2 percent (net of currency effects; nominal: 10.8 percent) to around EUR 3,374 million (2022: EUR 3,045.2 million). The medical division recorded growth of 10.4 percent (net of currency effects; nominal: 8.0 percent) to around EUR 1,967 million (2022: EUR 1,821.5 million) and the safety division an increase of 17.3 percent (net of currency effects; nominal: 15.0 percent) to around EUR 1,407 million (2022: EUR 1,223.7 million). The Group's gross margin rose to around 43.3 percent (2022: 40.7 percent), in particular due to higher production and service utilization and more effective price enforcement. Earnings before interest and taxes (EBIT) improved to around EUR 167 million (2022: EUR -88.6 million). The EBIT margin amounted to around 4.9 percent (2022: -2.9 percent).