Brief: Draegerwerk 2018 EBIT Margin Likely To Come Out In Lower Range Of Guidance

Draegerwerk AG & Co KGaA

16/04/2018 17:59

April 16 (Reuters) - Draegerwerk AG & Co KGaA  DRWG_p.DE :
    * SAYS ORDER INTAKE IN Q1 ROSE BY ROUGHLY 2.6 PERCENT NET OF
CURRENCY EFFECTS (NOMINAL: -2.8 PERCENT)
    * SAYS NET SALES DECLINED BY ROUGHLY 2.5 PERCENT NET OF
CURRENCY
EFFECTS (NOMINAL: -7.4 PERCENT) TO APPROXIMATELY EUR 496 MILLION
    * SAYS EBIT FOR Q1 AMOUNTED TO ROUGHLY EUR -40 MILLION AND
WAS
SIGNIFICANTLY BELOW EBIT OF PRIOR YEAR'S QUARTER
    * SAYS 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 FOR THE FULL YEAR
    * SAYS EBIT MARGIN IS LIKELY TO COME OUT IN LOWER RANGE OF
GUIDANCE.

Source text for Eikon:  ID:nEQ7bpPyNa 
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