Brief: Draegerwerk keeps FY sales, EBIT guidance after Q2 profit falls on costs

Draegerwerk AG & Co KGaA

13/07/2018 16:44

July 13 (Reuters) - Draegerwerk AG & Co KGaA  DRWG_p.DE :
    * SAYS NET SALES INCREASED NET OF CURRENCY EFFECTS BY 10.1
PERCENT
(NOMINALLY 6.7 PERCENT) TO ROUGHLY EUR 620 MILLION
    * SAYS DESPITE HIGHER NET SALES VOLUME, EBIT FOR QUARTER
STOOD AT
ABOUT EUR 3 MILLION, SIGNIFICANTLY BELOW LEVEL OF PRIOR-YEAR
QUARTER
    * OUTLOOK 2018: NET SALES GROWTH (NET OF CURRENCY EFFECTS)
OF
BETWEEN 2.0 AND 5.0 PERCENT
    * OUTLOOK 2018: EBIT MARGIN OF BETWEEN 4.0 AND 6.0 PERCENT
    * OUTLOOK 2018: EBIT MARGIN IS LIKELY TO COME OUT IN LOWER
RANGE
OF GUIDANCE
    * SAYS DESPITE NEGATIVE EARNINGS IN FIRST SIX MONTHS,
FULL-YEAR
GUIDANCE REMAINS UNCHANGED
    * 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
    * SAYS EBIT MARGIN IS LIKELY TO COME OUT IN LOWER RANGE OF
GUIDANCE

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