Brief: Draegerwerk FY Loss After Tax Down At EUR 63.6 Mln

Draegerwerk AG & Co KGaA

09/03/2023 06:30

March 9 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * FY TURNOVER ADJUSTED FOR CURRENCY EFFECTS DOWN 11.5% Y/Y
TO EUR
3.05 BILLION (2021: EUR 3.33 BILLION)
    * FY LOSS AFTER TAX DOWN AT EUR 63.6 MILLION (2021: PROFIT
EUR
154.3 MILLION)
    * Q4 CURRENCY ADJUSTED ORDER INTAKE DOWN 1% Y/Y AT EUR 860.6
MILLION (Q4 2021: EUR 850.8 MILLION)
    * Q4 EBIT UP AT EUR 59.7 MILLION VERSUS EUR 14.7 MILLION
LAST YEAR
    * Q4 NET SALES UP 7.3% Y/Y AT EUR 1.02 BILLION (Q4 2021: EUR
0.93
BILLION)
    * Q4 EBIT MARGIN UP AT 5.9% VERSUS 1.6% LAST YEAR
    * EXPECTS BUSINESS DEVELOPMENT TO RECOVER IN 2023
    * EXPECTS CURRENCY-ADJUSTED INCREASE IN NET SALES OF 7-11%
AND AN
EBIT MARGIN OF 0-3% IN 2023

Further company coverage:  DRWG.DE 

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