Brief: Draegerwerk sees FY net sales growth at lower end of forecast range

Draegerwerk AG & Co KGaA

18/10/2016 14:32

Oct 18 (Reuters) - Draegerwerk  DRWG.DE : 
    * Draeger sees slight decline in net sales in third quarter 
with EBIT up significantly year on year 
    * Recorded a year- on-year decline in Q3 order intake of 1.7 
percent (net of currency effects) (nominal: -2.7 percent) 
    * Q3 EBIT stood at 22.5 million euros ($24.71 million), up 
significantly on prior year (Q3 2015: -22.6 millione euros) 
    * Q3 net sales decreased by 1.1 percent (net of currency 
effects) to 592.9 million euros (nominal: -1.8 percent) 
    * For fiscal year 2016, Draeger continues to expect net 
sales growth of between 0.0 and 3.0 percent (net of currency 
effects) and an EBIT margin of between 3.5 and 5.5 percent 
    * Net sales growth in FY will probably be at lower end of 
forecast range due to restrained development seen to date 
 
Source text for Eikon:  ID:nEQ8Gv7Lv  
Further company coverage:  DRWG.DE  
 
($1 = 0.9106 euros) 
 
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