Brief: Draegerwerk Raises 2020 Forecast After Coronavirus Boosts Demand In H1

Draegerwerk AG & Co KGaA

13/08/2020 06:37

Aug 13 (Reuters) - Draegerwerk  DRWG_P.DE :
    * RAISES REVENUES AND RESULTS FORECAST FOR 2020
    * ORDERS GREW BY 75.7% IN H1 IN CURRENCY-ADJUSTED TERMS
    * REVENUES ROSE BY 17.1% IN H1 IN CURRENCY-ADJUSTED TERMS
    * STRONG DEMAND FROM CORONAVIRUS RESULTED IN SIGNIFICANT
INCREASE
IN ORDERS AND REVENUES IN H1
    * EXPECTS CURRENCY-ADJUSTED REVENUE GROWTH OF BETWEEN 14.0%
AND
22% IN FY 2020
    * EXPECTS EBIT MARGIN OF BETWEEN 7% AND 11% IN FY 2020
    * H1 EBIT 101.6 MILLION EUR
    * H1 EBIT MARGIN AT 7.1%
    * Q2 EBIT AT 102.2 MILLION EUR
    * Q2 ORDERS UP 36.3% IN CURRENCY-ADJUSTED TERMS
    * Q2 REVENUES UP 26.5% IN CURRENCY-ADJUSTED TERMS

Further company coverage:  DRWG_P.DE 

 (Reporting by Berlin Speed Desk)
 ((berlin.newsroom@thomsonreuters.com;))