FY23 EBIT Eur 166 Mln

Draegerwerk AG & Co KGaA

07/03/2024 06:35

March 7 (Reuters) - Draegerwerk AG & Co KGaA  DRWG.DE :
    * DRÄGER SIGNIFICANTLY INCREASES NET SALES AND PROFIT IN
FISCAL
YEAR 2023 AND PAYS SIGNIFICANTLY HIGHER DIVIDEND
    * ORDER INTAKE (NET OF CURRENCY EFFECTS) SLIGHTLY ABOVE HIGH
PRIOR-YEAR LEVEL
    * NET SALES INCREASE BY AROUND 13 PERCENT (NET OF CURRENCY
EFFECTS) COMPARED TO PRIOR YEAR
    * FY23 EBIT WELL UP AT AROUND EUR 166 MILLION
    * DIVIDEND FOR 2023: EUR 1.74 PER COMMON SHARE (2022: EUR
0.13)
AND EUR 1.80 PER PREFERRED SHARE (2022: EUR 0.19)
    * FURTHER INCREASE IN PROFITABILITY PLANNED IN MEDIUM TERM
    * DRÄGERWERK AG & CO. KGAA INCREASED ITS NET SALES BY 13.1
PERCENT
(NET OF CURRENCY EFFECTS) TO EUR 3,373.5 MILLION IN 2023 FISCAL
YEAR (2022: EUR 3,045.2 MILLION)
    * FY23 EBIT MARGIN ROSE BY 7.8 PERCENTAGE POINTS TO 4.9
PERCENT
(2022: -2.9 PERCENT
    * IN Q4, DRÄGER'S ORDER INTAKE INCREASED BY 5.0 PERCENT (NET
OF
CURRENCY EFFECTS) TO EUR 886.7 MILLION
    * Q423 DRÄGER'S NET SALES INCREASED BY 5.1 PERCENT (NET OF
CURRENCY EFFECTS) TO EUR 1,052.6 MILLION (Q4 2022: EUR 1,018.2
MILLION)
    * Q423 - AT 41.6 PERCENT, GROSS MARGIN WAS ALSO
SIGNIFICANTLY
ABOVE PRIOR-YEAR FIGURE (Q4 2022: 41.0 PERCENT)
    * Q423 EBIT IMPROVED TO EUR 89.5 MILLION (Q4 2022: EUR 59.7
MILLION).
    * Q423 EBIT MARGIN WAS 8.5 PERCENT (Q4 2022: 5.9 PERCENT).
    * FOR 2024, EXPECTS AN INCREASE IN NET SALES OF 1.0 TO 5.0
PERCENT
(NET OF CURRENCY EFFECTS)
    * DRAEGERWERK - FOR 2024, IN ADDITION, DRÄGER ANTICIPATES AN
EBIT
MARGIN OF 2.5 TO 5.5 PERCENT

Source text for Eikon:  ID:nEQ9TTbmXa 
Further company coverage:  DRWG.DE 

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