DRAGERWERK AG & CO. KGAA (FRA:DRW8) Drägerwerk AG & Co. KGaA: Dräger increases net sales in 2010 by around 14 percent
Directive transparence : information réglementée
14/01/2011 16:39
Drägerwerk AG & Co. KGaA / Key word(s): Profit Warning
14.01.2011 16:39
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Ad hoc reports in accordance with Sec. 15 of the German Securities Trading
Act
Dräger increases net sales in 2010 by around 14 percent
EBIT margin at the upper limit of the forecast
According to preliminary estimates, Drägerwerk AG & Co. KGaA achieved net
sales growth of around 14 percent and record net sales of EUR 2.2 billion
in 2010 compared to EUR 1.9 billion in 2009. In October 2010, the company
still anticipated net sales growth around 10 percent. The EBIT margin
reached 8 to 9 percent, the upper limit of the 2010 forecast. Order intake
rose by around 9 percent year on year to EUR 2.2 billion.
The medical division recorded order intake of around 8 percent and
generated net sales of EUR 1.5 billion - an increase of approximately 17
percent compared to the previous year. The EBIT margin was around 12
percent according to preliminary estimates. In the safety division, order
intake went up by about 10 percent and net sales reached EUR 0.7 billion,
corresponding to a rise of around 9 percent compared to 2009. The EBIT
margin came to around 9 percent according to preliminary estimates.
The reasons for the positive net sales and earnings development were the
unexpectedly high order intake in the fourth quarter of 2010, continuous
positive developments in the Americas and Asia/Pacific and favorable
currency effects. The turnaround program also had an extremely positive
effect.
In 2011, Dräger will invest even larger sums into research and development,
implement projects even more quickly and improve its marketing and sales
organization in particular. For this reason, Dräger expects slightly higher
group net sales in 2011 and an EBIT margin between 7.5 percent and 8.5
percent. The estimated development of net sales and margins in fiscal year
2011 is based on the assumption that the markets relevant to Dräger will
continue their steady development and that exchange rates will remain at
the current level. In the medium term, the company plans to grow faster
than the market and achieve a minimum EBIT margin of 10 percent in the long
term.
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23558 Lübeck, Deutschland
www.draeger.com
Investor Relations:
Vanina Hoffmann
Phone: +49 451 882-2685
vanina.hoffmann@draeger.com
Corporate Communications:
Burkard Dillig
Phone +49 451 882-2185
burkard.dillig@draeger.com
Disclaimer
This press release contains forward-looking statements regarding the future
development of the Dräger Group. These forward-looking statements are based
on the current expectations, presumptions, and forecasts of the Executive
Board as well as the information available to it to date and have been
prepared to the best of its knowledge and belief. No guarantee or liability
for the occurrence of the future developments and results specified can be
assumed in respect of such forward-looking statements. Rather, the future
developments and results are dependent on a number of factors. They entail
risks and uncertainties beyond the Company's control and are based on
assumptions which could prove to be incorrect. Notwithstanding any legal
requirements to adjust forecasts, we assume no obligation to update the
forward-looking statements contained in this report. You will find all
other financial dates on our website at www.draeger.com under Investor
Center/Financial Calendar.
Investor Relations:
Vanina Hoffmann
Phone: +49 451 882-2685
vanina.hoffmann@draeger.com
Corporate Communications:
Burkard Dillig
Phone +49 451 882-2185
burkard.dillig@draeger.com
14.01.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23542 Lübeck
Deutschland
Phone: +49 (0)451 882-0
Fax: +49 (0)451 882-2080
E-mail: info@draeger.com
Internet: www.draeger.com
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
Indices: TecDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München; Freiverkehr in
Stuttgart
End of Announcement DGAP News-Service
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