Brief: Draegerwerk To Expect An Increase In Net Sales Of Between 7.0% and 11.0%

Draegerwerk AG & Co KGaA

28/04/2023 06:40

April 28 (Reuters) - DRAEGERWERK  DRWG.DE :
    * WITH STRONG NET SALES GROWTH AND POSITIVE EARNINGS IN THE
FIRST
QUARTER OF 2023
    * ANNUAL FORECAST CONFIRMED
    * Q1 NET SALES INCREASE OF 18 PERCENT COMPARED TO SAME
QUARTER IN
PREVIOUS YEAR
    * ORDER INTAKE SLIGHTLY BELOW HIGH PRIOR-YEAR LEVEL
    * Q1 EBIT WELL UP AT AROUND EUR 29 MILLION
    * NOTICEABLE IMPROVEMENT IN SUPPLY CAPABILITY AS WELL AS
TEMPORARILY HIGH DEMAND FOR VENTILATORS IN CHINA
    * Q1 - NET SALES GROWTH ACROSS BOTH DIVISIONS AND ALL
REGIONS
    * OUTLOOK 2023: CURRENT ORDER BACKLOG REMAINS HIGH DESPITE
SIGNIFICANT INCREASE IN DELIVERIES IN Q1
    * Q1 - IN MEDICAL DIVISION, NET SALES INCREASED BY 23%(NET
OF
CURRENCY EFFECTS) TO EUR 469.9 MILLION
    * FORECAST - FOR 2023, DRÄGER CONTINUES TO EXPECT AN
INCREASE IN
NET SALES OF BETWEEN 7.0% AND 11.0%

Source text for Eikon:  ID:nEQ7cYRcta 
Further company coverage:  DRWG.DE 

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