Drägerwerk AG & Co. KGaA: preliminary results for 2019 and guidance for 2020
Drägerwerk AG & Co. KGaA / Key word(s): Preliminary Results/Forecast
Ad-hoc notification in accordance with Sec. 17 of the MAR
Lübeck - Based on preliminary figures, in 2019 Dräger's order intake increased by approximately 4.2 percent (approximately 3.0 percent net of currency effects). Net sales rose significantly over the course of the year, by approximately 7.3 percent (approximately 6.0 percent net of currency effects) to EUR 2.78 billion (2018: EUR 2.59 billion). The gross margin was roughly on a par with the prior year (2018: 42.7 percent) and functional costs rose proportionately to net sales. Consequently, earnings before interest and taxes (EBIT) were slightly higher than in the prior year. The EBIT margin is expected to have stood between 2.3 percent and 2.5 percent (2018: 2.4 percent).
Net sales growth and the EBIT margin therefore stood within the range most recently forecast by Dräger (currency-adjusted net sales growth of between 4.0 and 6.0 percent and an EBIT margin of between 1.0 and 3.0 percent).
The development of order intake and net sales was positive in all three regions. The rise in net sales was particularly high in the Asia, Africa, and Australia region and in the Americas region. In both regions net sales rose in nominal terms by roughly 10 percent. In the Europe region net sales increased by approximately 5 percent over the prior year's level.
Dräger will publish its full, audited results for fiscal year 2019 on March 5, 2020.
Drägerwerk AG & Co. KGaA
17-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Drägerwerk AG & Co. KGaA|
|Moislinger Allee 53-55|
|Phone:||+49 (0)451 882-0|
|Fax:||+49 (0)451 882-2080|
|ISIN:||DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9|
|WKN:||555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart, Tradegate Exchange|
|EQS News ID:||956295|
|End of Announcement||DGAP News Service|