Brief: Draegerwerk raises 2021 guidance

Draegerwerk AG & Co KGaA

21/06/2021 18:36

June 21 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * DGAP-ADHOC: DRÄGERWERK AG & CO. KGAA: DRÄGER INCREASES
GUIDANCE
FOR FISCAL 2021
    * SAYS MANAGEMENT NOW EXPECTS A CURRENCY-ADJUSTED DECREASE
IN NET
SALES OF ONLY BETWEEN -2 AND -6 PERCENT FOR FISCAL YEAR 2021
    * SAYS WOULD CORRESPOND TO A NOMINAL DECREASE IN NET SALES
OF
AROUND -3 TO -7 PERCENT
    * SAYS EBIT MARGIN IS NOW EXPECTED TO REACH BETWEEN 8 AND 11
PERCENT
    * SAYS STRONGER BUSINESS DEVELOPMENT IN CURRENT YEAR IS
MAINLY DUE
TO CORONAVIRUS PANDEMIC

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