Brief: Draegerwerk H1 EBIT At EUR 209.2 Mln

Draegerwerk AG & Co KGaA

29/07/2021 06:39

July 29 (Reuters) - DRAEGERWERK AG & CO KGAA  DRWG_p.DE :
    * H1 SALES INCREASED BY 17.3 PERCENT AFTER ADJUSTING FOR
CURRENCY
EFFECTS IN THE FIRST HALF OF 2021
    * REVENUE AND EARNINGS FORECAST RAISED
    * H1 EARNINGS AFTER INCOME TAXES AMOUNTED TO EUR 139.8
MILLION (6
MONTHS 2020: EUR 53.7 MILLION; 6 MONTHS 2019: EUR -14.6 MILLION)
    * H1 EBIT EUR 209.2 MILLION VERSUS EUR 101.6 MILLION YEAR
AGO
    * Q2 EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO
EUR
80.3 MILLION (Q2 2020: EUR 102.2 MILLION)
    * NOW EXPECTS AN EBIT MARGIN BETWEEN 8.0 AND 11.0 PERCENT
(PREVIOUSLY BETWEEN 5.0 AND 8.0 PERCENT) IN CURRENT YEAR
    * Q2 SALES WERE 9.0 PERCENT HIGHER THAN IN THE SAME QUARTER
OF THE
PREVIOUS YEAR AFTER ADJUSTING FOR CURRENCY EFFECTS
    * CONTINUES TO ASSUME THAT PANDEMIC EFFECTS WILL SUBSIDE IN
THE
FURTHER COURSE OF THE YEAR AND DOES NOT EXPECT COMPARABLE DEMAND
IN THE COMING FINANCIAL YEAR
    * IS NOW ONLY ASSUMING REVENUE DECLINE OF BETWEEN -2.0 AND
-6.0
PERCENT IN 2021

Further company coverage:  DRWG_p.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))