Brief: Drägerwerk AG & Co KGaA Preliminary Result For First Quarter 2021

Draegerwerk AG & Co KGaA

14/04/2021 20:17

April 14 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * DGAP-ADHOC: DRÄGERWERK AG & CO. KGAA: PRELIMINARY RESULT
FOR THE
FIRST QUARTER 2021. NET SALES AND EARNINGS CONSIDERABLY ABOVE
PRIOR YEAR.
    * Q1 EBIT 129 MILLION EUR
    * CURRENT EPIDEMIC SITUATION DOES NOT PERMIT A MORE PRECISE
FORECAST AT THIS POINT
    * DRAEGERWERK- NET OF CURRENCY EFFECTS, QTRLY NET SALES ROSE
BY
AROUND 28.2% (NOMINAL: 23.8%) TO AROUND EUR 792.1 MILLION (Q1
2020: EUR 640.0 MILLION)
    * QTRLY GROSS MARGIN WAS AROUND 52.1 PERCENT (Q1 2020: 44.2
PERCENT)
    * DRAEGERWERK-FOR FULL YEAR, CO EXPECTS CURRENCY-ADJUSTED
DECLINE
IN NET SALES OF BETWEEN- 7 AND - 11 PERCENT,EBIT MARGIN OF
BETWEEN 5 AND 8 PERCENT
    * INCOMING ORDERS AT DRÄGER IN Q1 OF 2021 WERE, AS EXPECTED,
LOWER. AT AROUND EUR 739.8 MILLION (Q1 2020: EUR 1,392.7
MILLION)
    * WILL REVIEW FORECAST AGAIN AT LATEST WITH HALF-YEAR
RESULTS AND
REFINE IT IF NECESSARY

Source text for Eikon:  ID:nEQ9K3FzLa 
Further company coverage:  DRWG.DE 

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