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DRAGERWERK AG & CO. KGAA (FRA:DRW8) Drägerwerk AG & Co. KGaA: Dräger exceeds previous forecast; EBIT margin in the range of up to 9.7 percent. Net Sales grow by 2.6 percent (net of currency effects) to EUR 2.4 billion

Directive transparence : information réglementée

22/01/2013 19:36
Drägerwerk AG & Co. KGaA / Key word(s): Profit Warning 22.01.2013 19:36 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 report in accordance with Sec. 15 of the German Securities Trading Act Dräger exceeds previous forecast; EBIT margin in the range of up to 9.7 percent Net sales grow by 2.6 percent (net of currency effects) to EUR 2.4 billion On the basis of preliminaries, Drägerwerk AG & Co. KGaA achieved an EBIT margin in the range of up to 9.7 percent in fiscal year 2012 (2011: 9.5 percent). This result exceeds the EBIT margin forecast that Dräger published in its third quarterly report (EBIT margin in the mid-range of 8.0 percent to 9.5 percent). Net sales rose by some 5.3 percent year on year to almost EUR 2.4 billion. The company saw order intake rise by some 4.8 percent to a good EUR 2.4 billion. Net of currency effects, net sales growth amounted to roughly 2.6 percent and order intake growth totaled approximately 2.2 percent. The main reasons for the increased earnings development: The share of end-of-year orders in especially profitable business areas was better than expected. For example, demand for ventilators was particularly strong. Business with industrial customers also developed positively. In addition, Dräger profited from strong demand from countries with above-average margins. The ratio of general administrative and sales expenses to net sales was also down on the previous year. Furthermore, some of the expenses originally planned for the fourth quarter were not incurred. As in the prior year, employees share in the Company's good performance through special variable payments reached as part of a supplementary collective agreement (formerly special vacation and Christmas pay). Based on the preliminaries, this payment increases to some EUR 3,000 per employee on average. Dräger expects net sales growth (net of currency effects) for fiscal year 2013 to be more or less on par with the level seen in 2012. The EBIT margin is expected to be between 8.0 percent and 10.0 percent, depending especially on the country and product mix. Details on the medium-term guidance will be communicated with the publication of the audited figures on March 12, 2013. The published net sales and margin estimates are based on the assumption of a steady development in the markets relevant for Dräger and unchanged exchange rates. Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 Lübeck, Germany www.draeger.com Investor Relations: Thomas Fischler Phone: +49 451 882-2685 thomas.fischler@draeger.com Corporate Communications: Melanie Kamann Phone: +49 451 882-3998 melanie.kamann@draeger.com Disclaimer This ad hoc report contains statements on the future development of 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 date. They were compiled to the best of the company's knowledge. Dräger does not provide any warranty nor assume any responsibility for the future developments and results described above. These are dependent on a number of factors. They entail various risks and contingencies outside of the company's influence and are based on assumptions which could prove to be incorrect. Dräger does not assume any responsibility for updating the forward-looking statements contained in this report. This does not infringe any legal stipulations on the adjustment of forecasts. Please go to Investoren / Finanzkalender at www.draeger.com for information on all important financial dates. 22.01.2013 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 Germany 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 ---------------------------------------------------------------------------