Brief: Draegerwerk FY EBIT Down At EUR 271.7 Mln

Draegerwerk AG & Co KGaA

03/03/2022 07:16

March 3 (Reuters) - DRAEGERWERK AG & CO KGAA  DRWG.DE :
    * FY REVENUE DOWN AT EUR 3.33 BLN (VS EUR 3.41 BLN YR AGO)
    * FY EBIT DOWN AT EUR 271.7 MLN (VS EUR 396.6 MLN YR AGO)
    * FY EBIT MARGIN DOWN AT 8.2% (VS 11.6% YR AGO)
    * FY NET INCOME DOWNA AT EUR 154.3 MLN (VS EUR 249.9 MLN YR
AGO)
    * WILL PROPOSE A DIVIDEND OF EUR 0.19 PER PREFERRED SHARE
AND EUR
0.13 PER REGULAR SHARE
    * IN VIEW OF THE ABSENCE OF SPECIAL ITEMS DUE TO THE CORONA
PANDEMIC, BUSINESS DEVELOPMENT IN 2021 WILL NOT BE REPEATED IN
THIS FORM IN THE CURRENT FINANCIAL YEAR
    * FOR 2022, EXPECTS A CURRENCY-ADJUSTED DECLINE IN NET SALES
OF
BETWEEN -5.0 AND -9.0%
    * EXPECTED WEAKER SALES DEVELOPMENT AS WELL AS INVESTMENTS
TO
SECURE THE FUTURE WILL HAVE AN IMPACT ON EARNINGS
    * FOR 2022, EXPECTS AN EBIT MARGIN OF BETWEEN 1.0 AND 4.0
PERCENT 
    * FROM 2023 ONWARDS, EXPECTS RO RETURN TO POSITIVE GROWTH
AND ALSO
REPORT HIGHER PROFITABILITY AGAIN.

 
 Further company coverage:  DRWG.DE  

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