Dräger expecting higher net sales growth and improved earnings
(Thomson Reuters ONE) -
Drägerwerk AG & Co. KGaA / Dräger expecting higher net sales growth and improved earnings processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Lübeck - As a result of the continued positive business development in April and
May, Dräger is expecting its business to progress better than previously
anticipated for the full year 2010, driven by a good order situation and the
strong development of net sales, especially in the regions Asia-Pacific and the
Americas. "This development is supported by savings from the turnaround program,
which is continuing as planned, a sustained positive shift in the product mix to
higher margin equipment and industrial business as well as positive currency
effects", explained Stefan Dräger, Chairman of the Executive Board of Drägerwerk
Verwaltungs AG. In addition to that, Dräger has successfully sold the deep
diving system that was fully written off in the fourth quarter of 2009. The
latter will make a positive earnings contribution in a higher single-digit
million euro range in the fiscal year 2010.
The Executive Board of Drägerwerk Verwaltungs AG, as the personally liable
partner of Drägerwerk AG & Co. KGaA, is now expecting an increase in net sales
for 2010 in the mid single-digit percent range, while it had previously
anticipated growth in the low single-digit percent range. The Executive Board is
now expecting an EBIT margin in the range between 7 and 8 percent instead of the
previously forecast range of 5 to 6 percent (fiscal year 2009: 4.2%), excluding
changes from the valuation of the Siemens cash payment option component. This
guidance is based on the assumption of a consistent development in Dräger's
relevant markets and the continuation of the successful implementation of the
turnaround program, and the trend in currency exchange to be continued.
Disclaimer
Not for release, publication or distribution, directly or indirectly, in or into
the United States, Australia, Canada, Japan or South Africa.
This release does not constitute an offer to sell securities, or a solicitation
of an offer to buy securities, into the United States. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended
(the "Securities Act").
This 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 our
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 key financial dates on our website at www.draeger.com
Kontakt
Corporate Communications:
Burkard Dillig
Tel. +49 451 882-2185
burkard.dillig(at)draeger.com
Investor Relations:
Vanina Herbst
Tel. +49 451 882-2685
vanina.herbst(at)draeger.com
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23542 Lübeck, Germany
www.draeger.com
[HUG#1423625]
--- End of Message ---
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55 Lübeck Germany
ISIN: DE0005550636;
Listed: Freiverkehr in Börse Stuttgart,
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Press release (PDF): http://hugin.info/135701/R/1423625/372452.pdf
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2010 - 12:14 Uhr
Sprache: Deutsch
News-ID 22349
Anzahl Zeichen: 0
contact information:
Town:
Lübeck
Kategorie:
Business News
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