Brief: Draegerwerk Q3 EBIT Swings To Loss Of 4.4 Million Euros

Draegerwerk AG & Co KGaA

15/10/2018 14:08

Oct 15 (Reuters) - Draegerwerk AG & Co KGaA  DRWG_p.DE :
    * PRELIMINARY RESULT FOR THE THIRD QUARTER. GUIDANCE
REDUCED.
    * Q3 GROWTH IN ORDER INTAKE OF 7.6 PERCENT (NET OF CURRENCY
EFFECTS; NOMINAL: 5.0 PERCENT)
    * AT ROUGHLY EUR 613 MILLION (Q3 2017: EUR 621.0 MILLION),
NET
SALES WERE DOWN 1.2 PERCENT YEAR ON YEAR
    * Q3 EBIT FOR QUARTER STOOD AT AROUND EUR -4.4 MILLION, DOWN
SIGNIFICANTLY ON PRIOR YEAR (Q3 2017: EUR 24.4 MILLION)
    * CONTINUES TO EXPECT FY NET SALES GROWTH OF BETWEEN 2.0 AND
5.0
PERCENT
    * WILL PROBABLY NO LONGER BE ABLE TO ACHIEVE ITS ORIGINAL
EBIT
FORECAST FOR YEAR
    * EBIT MARGIN WILL PROBABLY ONLY AMOUNT TO BETWEEN 2.0 AND
3.5
PERCENT FOR 2018
    * DOWN 7.1 PERCENT ON LOWER GUIDANCE

Source text for Eikon:  ID:nEQ7QKGD5a 
Further company coverage:  DRWG_p.DE 

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