16.04.2018
Drägerwerk AG & Co. KGaA DE0005550602
DGAP-Adhoc: Drägerwerk AG & Co. KGaA: preliminary result for the first quarter
DGAP-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Quarter Results
Drägerwerk AG & Co. KGaA: preliminary result for the first quarter
16-Apr-2018 / 18:46 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.
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Ad-hoc notification in accordance with Sec. 17 of the MAR
Drägerwerk AG & Co. KGaA: preliminary result for the first quarter
Dräger announces preliminary figures for the first quarter 2018.
Order intake in the first quarter rose by roughly 2.6 percent net of
currency effects (nominal: -2.8 percent) compared to the first quarter last
year. Net sales declined by roughly 2.5 percent net of currency effects
(nominal: -7.4 percent) to approximately EUR 496 million. The gross profit
margin stood at 41.4 percent (Q1 2017: 44.9 percent). Functional expenses
increased by 6.6 percent net of currency effects (nominal: 2.8 percent).
Mainly due to the low net sales volume, weak gross profit margin and adverse
currency effects, EBIT for the first quarter amounted to roughly EUR -40
million and was significantly below the EBIT of the prior year's quarter (Q1
2017: EUR 2.3 million).
Compared to the prior year's quarter, the regions Africa, Asia, and
Australia (AAA) and the region Americas increased order intake net of
currency effects. Demand increase in AAA was particularly strong. Net sales,
by contrast, declined in all three regions. Moreover, the strengthening Euro
caused pronounced negative currency effects, so that the net sales decline
was significant in real terms.
For the full year, Draeger continues to expect net sales growth (net of
currency effects) of between 2.0 and 5.0 percent and an EBIT margin of
between 4.0 and 6.0 percent. Due to the restrained business development in
the first quarter and currency effects, the EBIT margin is likely to come
out in the lower range of the guidance.
Dräger will publish final results for the first three months of 2018 on
April 26, 2018.
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23558 Lübeck, Deutschland
www.draeger.com
Investor Relations:
Thomas Fischler
Tel. +49 451 882-2685
[email protected]
Corporate Communications:
Melanie Kamann
Tel. +49 451 882-3998
[email protected]
Disclaimer
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 Investor Relations / Financial Calendar at
www.draeger.com for information on all important financial dates.
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Language: English
Company: Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23542 Lübeck
Germany
Phone: +49 (0)451 882-0
Fax: +49 (0)451 882-2080
E-mail: [email protected]
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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich; Regulated Unofficial
Market in Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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674895 16-Apr-2018 CET/CEST
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