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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 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------