Draegerwerk: Seen rising on upbeat 2020 outlook

Draegerwerk AG & Co KGaA

15/10/2020 07:54

** Shares in German medical equipment maker Draegerwerk
 DRWG.DE  are seen rising 3%
    ** The company said on Wednesday it would hit the middle to
upper end of its 2020 guidance as it posted preliminary Q3
results  urn:newsml:reuters.com:*:nASN000FH6
    ** It added it sees net sales volume and earnings in 2021 to
be below the current level
    ** However, "FY21 statements meet expectations but could be
too cautious given current comeback of virus panic,", a local
trader notes
    ** The stock has gained over 50% so far this year as the
company saw increased demand for its products, such as hospital
ventilators and respirator masks, amid the coronavirus pandemic


 ((Linda.pasquini@thomsonreuters.com))