Drägerwerk AG & Co. KGaA: Dräger closes the first quarter with a considerable improvement in earnings
Ad-hoc notification in accordance with Sec. 17 of the MAR
Drägerwerk AG & Co. KGaA: Dräger closes the first quarter with a considerable improvement in earnings Dräger announces preliminary figures for the first quarter 2017. Order intake in the first quarter rose by roughly 5.4 percent net of currency effects (nominal 6.6 percent) compared to the first quarter last year. Net sales declined by roughly 1.1 percent net of currency effects (nominal increase 0.5 percent) to approximately EUR 535 million. The gross profit margin stood at approximately 45 percent (Q1 2016: 42.0 percent). Functional expenses declined by 1.9 percent net of currency effects (nominal -0.7 percent). EBIT for the first quarter amounted to roughly EUR 2 million and significantly exceeded the low EBIT of the prior year's quarter (Q1 2016: EUR -15,7 million). Order intake rose in all regions. Demand increase in Europe was particularly strong. In the region Americas, order growth was driven by the demand in North America. Business development was challenging in Central- and South America. Due to the positive development in China, order intake in the region Africa, Asia, and Australia increased slightly. The outlook for fiscal year 2017 remains unchanged. For the full year Draeger continues to expect net sales growth (net of currency effects) of between 0.0 and 3.0 percent and an EBIT margin of between 5.0 and 7.0 percent. Dräger will publish final results for the first three months of 2017 on May 4, 2017.
Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 Lübeck, Deutschland www.draeger.com
Investor Relations: Thomas Fischler Tel. +49 451 882-2685 firstname.lastname@example.org
Corporate Communications: Melanie Kamann Tel. +49 451 882-3998 email@example.comDisclaimer 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.
12-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: firstname.lastname@example.org 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
564687 12-Apr-2017 CET/CEST