Draegerwerk rises after Q1 operating profit

Draegerwerk AG & Co KGaA

18/04/2023 06:56

** Shares of Draegerwerk  DRWG.DE  rise 3.1% in pre-market
trade after the German medical equipment reported profit for
second consecutive quarter, and confirmed FY outlook
    ** "Two consecutive quarters of making profits means a lot
for that company after quarters of losing money," a local trader
says
    ** The company reports Q1 EBIT of around 29 million euros 
($32 million) vs a loss of 35.1 million euros year ago    
    ** It sees 2023 net sales growth in the range of 7.0%-11.0% 
    ** The stock tops the German small-caps index  .SDAXI 


($1 = 0.9142 euros)

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))