DGAP-Adhoc: DrÃ¤gerwerk AG & Co. KGaA: DrÃ¤ger exceeds

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News Desk 2018

Jan 16, 2015 at 10:30 AM

DGAP-Adhoc: DrÃ¤gerwerk AG & Co. KGaA: DrÃ¤ger exceeds forecast thanks to strong end-of-year business

DrÃ¤gerwerk AG & Co. KGaA / Key word(s): Preliminary Results 16.01.2015 16:12 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group 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 DrÃ¤gerwerk AG & Co. KGaA: DrÃ¤ger exceeds forecast thanks to strong end-of-year business In fiscal year 2014, DrÃ¤gerwerk AG & Co. KGaA generated an EBIT margin of up to 7.5 percent on the basis of preliminary figures (2013: 8.5 percent). Previously, the EBIT margin was forecast at between 4.5 percent and 6.5 percent. Net sales rose by around 2.5 percent year on year to EUR 2,434 million. DrÃ¤ger experienced a 1.4 percent rise in order intake, meaning that orders on hand as of December 31 are down year on year. Net of currency effects, net sales growth came to roughly 3.9 percent and order intake growth approximately 3.0 percent. The main reasons for the stronger than anticipated development in earnings were strong net sales performance in end-of-year business, good pricing performance and a slightly lower than expected cost base. Net sales and earnings benefited from purchases pulled forward due to the rise in value-added tax on medical devices in Spain. In fiscal year 2015, the recent fall in the value of the euro compared to the U.S. dollar is set to have a negative impact on earnings due to our high U.S. dollar cost base. In sum, the cost base will be above the 2014 level due to, among other factors, higher investments into Research and Development. Against this backdrop, DrÃ¤ger expects net sales in fiscal year 2015 (net of currency effects) to grow at or slightly below the level of 2014. The EBIT margin will probably fall compared to 2014 levels. A more detailed annual forecast will be provided once the audited figures for fiscal year 2014 are announced on March 11, 2015. The aforementioned estimates of net sales and margin performance are based on the assumption of stable development in markets relevant to DrÃ¤ger and unchanged foreign exchange rates. DrÃ¤gerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 LÃ¼beck, 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 DrÃ¤ger 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. DrÃ¤ger 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. DrÃ¤ger 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 Investor Relations / Financial Calendar at www.draeger.com for information on all important financial dates. 16.01.2015 The DGAP 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: DrÃ¤gerwerk AG & Co. KGaA Moislinger Allee 53-55 23542 LÃ¼beck 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 VorzÃ¼ge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D Indices: TecDAX Listed: Regulierter Markt in Berlin, DÃ¼sseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, MÃ¼nchen; Freiverkehr in Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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