Brief: Draegerwerk AG & Co KGaA Announces Q3 2021 And 9M 2021 Results

Draegerwerk AG & Co KGaA

14/10/2021 19:57

Oct 14 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * DGAP-ADHOC: DRÄGERWERK AG & CO. KGAA: IN THE THIRD
QUARTER, NET
SALES AND EBIT WERE BELOW THE STRONG PRIOR-YEAR LEVEL. OVERALL
STRONG BUSINESS PERFORMANCE IN THE FIRST NINE MONTHS. OUTLOOK
CONFIRMED.
    * 9M SALES 2.403 BILLION EUR
    * DRAEGERWERK - GROUP'S Q3 NET SALES OF AROUND EUR 770
MILLION
WERE CURRENCY ADJUSTED -11.8 PERCENT (NOMINAL -10.8 PERCENT)
BELOW PRIOR-YEAR LEVEL
    * DRAEGERWERK - AT AROUND 48 MILLION EUROS, EBIT GENERATED
IN Q3
WAS ALSO SIGNIFICANTLY BELOW PRIOR-YEAR FIGURE (Q3 2020: 126.7
MILLION EUROS)
    * DRAEGERWERK - MATERIAL SHORTAGES FOR ELECTRONIC COMPONENTS
HAVE
INCREASED RISK IN SUPPLY CHAIN
    * 9M EBIT WAS AROUND 257 MILLION EUROS
    * ORDER INTAKE IN Q3 OF AROUND 760 MILLION EUROS
    * DRAEGERWERK - CONTINUES TO EXPECT GROUP'S NET SALES TO
DECLINE
BY BETWEEN -2.0 AND -6.0% IN CONSTANT CURRENCY IN CURRENT FISCAL
YEAR

Source text for Eikon:  ID:nEQ4Jhdlqa 
Further company coverage:  DRWG.DE 

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