Drägerwerk AG & Co. KGaA: Dräger increases guidance for fiscal 2021
Drägerwerk AG & Co. KGaA / Key word(s): Change in Forecast
Ad-hoc notification in accordance with Sec. 17 of the MAR
Lübeck, June 21, 2021
Based on order entry exceeding expectations during the first months of the year and a good business development expected for the rest of the year, Dräger is increasing its guidance for fiscal year 2021. Following the record year 2020, management now expects a currency-adjusted decrease in net sales of only between -2 and -6 percent for fiscal year 2021; currently, this would correspond to a nominal decrease in net sales of around -3 to -7 percent (previous expectation: currency-adjusted decrease in net sales of between -7 and -11 percent).
The stronger business development in the current year is mainly due to the coronavirus pandemic. The demand trend is better than expected, as the need for products to treat patients suffering from COVID 19 is lasting longer than originally anticipated. The company continues to expect pandemic-related demand to normalize further in the current year and does not anticipate comparable demand in the coming fiscal year.
The earnings guidance is subject to the assumption of unchanged exchange rates. Due to the pandemic, the guidance is still subject to higher uncertainty than usual. In particular, it is based on functioning supply chains.
Dräger will publish its preliminary figures for the second quarter and the first half of 2021 in mid-July.
Drägerwerk AG & Co. KGaA
21-Jun-2021 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:||1210358|
|End of Announcement||DGAP News Service|