Brief: Drägerwerk AG & Co. KGaA Says For 2022, Co Expects Net Sales Volume Of Around Eur 3 To 3.1 Bln

Draegerwerk AG & Co KGaA

23/11/2021 17:37

Nov 23 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * NET SALES AND EARNINGS DECLINE IN 2022
    * FOR 2022, COMPANY EXPECTS A NET SALES VOLUME OF AROUND EUR
3 TO
3.1 BILLION
    * NET SALES VOLUME EXPECTED FOR 2022 IS THUS SIGNIFICANTLY
BELOW
TWO STRONG PREVIOUS YEARS
    * EBIT MARGIN IN 2022 IS EXPECTED TO BE BETWEEN 1 AND 4
PERCENT
    * AN EXPECTED LOWER GROSS PROFIT MARGIN WILL ALSO HAVE A
NEGATIVE
IMPACT ON EARNINGS IN 2022
    * FROM 2023, DRÄGER WILL RETURN TO POSITIVE GROWTH AND ALSO
REPORT
HIGHER PROFITABILITY AGAIN
    * DEMAND FOR PRODUCTS RELATED TO CORONA PANDEMIC HAS
WEAKENED
NOTICEABLY; THIS TREND WILL CONTINUE IN 2022
    * FOR 2021, CONTINUES TO EXPECT CURRENCY-ADJUSTED DECLINE IN
NET
SALES OF BETWEEN -2 AND -6 PERCENT COMPARED TO 2020
    * CONTINUES TO EXPECT 2021 EBIT MARGIN OF BETWEEN 8 AND 11
PERCENT
    * SOME OF INVESTMENTS MADE IN 2020 AND 2021 WILL HAVE TO BE
WRITTEN DOWN
    * NEXT YEAR DRÄGER WILL NOT BE ABLE TO UTILIZE ITS
PRODUCTION
CAPACITIES FOR MASKS BUILT UP IN COURSE OF PANDEMIC RESPONSE
    * ONE-TIME EXPENSES OF AROUND EUR 30 MILLION WILL IMPACT
FOURTH-QUARTER EARNINGS

Source text for Eikon:  ID:nEQ2vVcv5a 
Further company coverage:  DRWG.DE 

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