Brief: Draegerwerk H1 Net Sales Down At EUR 1,302.4 Mln

Draegerwerk AG & Co KGaA

28/07/2022 06:45

July 28 (Reuters) - DRAEGERWERK AG & CO KGAA  DRWG.DE :
    * EXPECTS SIGNIFICANT RECOVERY IN BUSINESS DEVELOPMENT IN
SECOND
HALF OF 2022
    * ORDER INTAKE IN FIRST HALF OF YEAR SIGNIFICANTLY ABOVE
PRIOR-YEAR LEVEL AND OWN EXPECTATIONS
    * H1 SIGNIFICANT DECLINE IN NET SALES AND EARNINGS AS
EXPECTED
    * H1 FULL-YEAR FORECAST CONFIRMED
    * H1 INCREASED ITS ORDER INTAKE IN FIRST SIX MONTHS OF 2022
BY 8.9
PERCENT (NET OF CURRENCY EFFECTS) TO EUR 1,647.6 MILLION
    * H1 NET SALES FELL BY22.2 PERCENT (NET OF CURRENCY EFFECTS)
TO
EUR 1,302.4 MILLION
    * H1 EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO
EUR
-111.7 MILLION (6 MONTHS 2021: EUR 209.2 MILLION)
    * H1 EBIT MARGIN WAS -8.6 PERCENT (6 MONTHS 2021: 12.8
PERCENT)
    * EXPECTS A SIGNIFICANT RECOVERY IN BUSINESS DEVELOPMENT AND
THEREFORE CONFIRMS FORECAST FOR 2022
    * INCREASED ITS ORDER INTAKE IN FIRST SIX MONTHS OF 2022 BY
8.9
PERCENT (NET OF CURRENCY EFFECTS) TO EUR 1,647.6 MILLION (6
MONTHS 2021: EUR 1,477.4 MILLION)
    * AT 40.4 PERCENT, GROSS PROFIT MARGIN WAS SIGNIFICANTLY
BELOW
LEVEL OF PREVIOUS YEAR FOR H1

Source text for Eikon:  ID:nEQ6cylBXa 
Further company coverage:  DRWG.DE 

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