Brief: Draegerwerk H1 Net Sales Up 19% Y/Y At EUR 1.5 Bln, Outlook Confirmed

Draegerwerk AG & Co KGaA

14/07/2023 17:34

July 14 (Reuters) - Draegerwerk  DRWG.DE :
    * PRELIMINARY FIGURES H1 2023: NET SALES AND EARNINGS
SIGNIFICANTLY ABOVE PRIOR YEAR – FULL-YEAR GUIDANCE REAFFIRMED
    * NET SALES IN FIRST HALF OF 2023 INCREASED BY 19.6 PERCENT
(NET
OF CURRENCY EFFECTS; NOMINAL: 17.7 PERCENT) TO AROUND EUR 1,532
MILLION
    * NET SALES WERE THUS SIGNIFICANTLY HIGHER THAN PRIOR-YEAR
FIGURE
(6 MONTHS 2022: EUR 1,302.4 MILLION)
    * DRÄGER'S NET SALES IN H1 OF 2023 INCREASED BY 19.6 PERCENT
TO
AROUND EUR 1,532 MILLION
    * PRELIMINARILY CALCULATED EARNINGS BEFORE INTEREST AND
TAXES
(EBIT) IMPROVED TO AROUND EUR 48 MILLION (6 MONTHS 2022: EUR
-111.7 MILLION) IN LINE WITH SIGNIFICANT SALES GROWTH
    * DRÄGER GROUP'S GROSS MARGIN INCREASED SIGNIFICANTLY TO
AROUND 44
PERCENT (6 MONTHS 2022: 40.4 PERCENT), DUE IN PARTICULAR TO
HIGHER PRODUCTION AND SERVICE UTILIZATION AND MORE EFFECTIVE
PRICE ENFORCEMENT
    * DRÄGER CONFIRMS ITS FORECAST FOR CURRENT FISCAL YEAR
    * IN Q2 OF 2023, PRELIMINARILY CALCULATED ORDER INTAKE WAS
1.1
PERCENT (NET OF CURRENCY EFFECTS; NOMINAL: -3.5 PERCENT) BELOW
LEVEL OF PRIOR-YEAR PERIOD AT AROUND EUR 793 MILLION (Q2 2022:
EUR 821.9 MILLION)
    * Q2 NET SALES INCREASED BY 21.1 PERCENT (NET OF CURRENCY
EFFECTS;
NOMINAL: 18.1 PERCENT) TO PRIOR-YEAR PERIOD TO APPROXIMATELY EUR
771 MILLION (Q2 2022: EUR 652.9 MILLION)
    * Q2 GROSS MARGIN WAS AROUND 43 PERCENT (Q2 2022: 38.6
PERCENT).
EBIT IMPROVED TO AROUND EUR 19 MILLION (Q2 2022: EUR -76.6
MILLION)

Source text for Eikon:  ID:nEQbnmkmna 
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