Germany's Drägerwerk prelim Q3 net sales rise, EBIT falls
Germany's Drägerwerk prelim Q3 net sales rise, EBIT falls
Overview
Germany medical and safety tech firm's preliminary Q3 net sales up, EBIT below prior year
Safety division net sales rose, while medical division sales declined slightly
Company confirmed full-year forecast for net sales and EBIT margin
Outlook
Draegerwerk confirms 2026 forecast for net sales growth of 2.0% to 6.0%
Company maintains 2026 EBIT margin outlook at 6.0% to 8.0%
Result Drivers
FUNCTIONAL EXPENSES - Co said lower net sales growth in Q3 was offset by a disproportionate increase in functional expenses, weighing on EBIT
CUSTOMS DUTY REFUNDS - Co said customs duty refunds of EUR 20.1 mln boosted gross margin and EBIT in Q3
SAFETY DIVISION DEMAND - Co said strong demand in safety division, especially in Germany, Americas and Asia-Pacific, drove order intake growth
Company press release: ID:nEQ8Q39Hva
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EBIT |
| EUR 48 mln |
|
Q3 EBIT Margin |
| 5.6% |
|
Q3 Order Intake |
| EUR 926 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Draegerwerk AG & Co KGaA is €101.50, about 13% above its October 14 closing price of €89.80
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)