Draegerwerk rises 8% on strong FY results

Draegerwerk AG & Co KGaA

16/01/2025 09:46

** Shares in Draegerwerk  DRWG_p.DE  rise 8.2%, topping
Germany's small-cap index  .SDAXI , after the medical equipment
maker reported strong preliminary FY results on Wednesday
    ** It posts stable annual sales of EUR 3,373 million ($3.47
billion), vs EUR 3,374 million in 2023
    ** 2024 EBIT increases by 19% to EUR 197 million, vs EUR
166.4 million last year
    ** Jefferies says these are "a good set of preliminary
results"
    ** Although FY sales are 1% lower than both consensus and
the broker's estimates, EBIT exceeded consensus by 17% and the
broker's projections by 20%, Jefferies adds
    ** The shares are on track for their best day since October
2023 if the gains hold

($1 = 0.9723 euros)

 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))