11 okt: Mermaid Technology - Positiv ordreindgang, opjustering og organis..
14 okt: 7 Cool Fund
13-10-2010 10:20:05

Ad hoc reports in accordance with section 15 of the German Securities Trading Act (WpHG) - Dräger raises 2010 guidance

Drägerwerk AG & Co. KGaA /

Ad hoc reports in accordance with section 15 of the German Securities Trading

Act (WpHG) - Dräger raises 2010 guidance

Processed and transmitted by Thomson Reuters.

The issuer is solely responsible for the content of this announcement.

For fiscal year 2010, Dräger is expecting an increase in net sales in the range of 10 percent (net sales 2009: EUR 1,911 billion). Net of currency effects, growth would then be in the mid single-digit range. After the company increased the forecast for the EBIT margin in June 2010 from originally 5 to 6 percent up to 7 to 8 percent, Dräger is now expecting an EBIT margin of 8 to 9 percent. As the cash settled option was replaced by an equity settled option on August 30, 2010, the impact from the Siemens cash option component has now been determined at EUR 11.8 million and is now included in this new guidance. The option component will not impact earnings in the future.

 

Now increased expectations for net sales and earnings are attributable to unexpectedly strong order intake, the unchanged positive development in the Americas and Asia-Pacific as well as favorable currency effects. The continuingly large share of high-margin equipment business in the medical division is a main contributor to higher profitability. The turnaround program is also having a highly positive effect and according to current estimates will contribute at least EUR 100 million to net earnings in 2010 against 2008. Originally the plan was to achieve a positive earnings effect of around EUR 70 million net in the current fiscal year and about EUR 100 million from 2011 on.

 

For 2011, Dräger intends to invest more into R&D, to implement projects more quickly and in particular to improve the marketing and sales organization. The company also assumes that one-time effects from the fiscal year 2010 will not recur. These include high levels of orders on hand from the previous year, strong order intake from large-scale projects, the sale of a deep-sea diving system for which an impairment charge was recorded for the full amount in 2009, the sale of software rights as well as the exceptionally advantageous product mix. External factors such as exchange rates are probably not going to benefit business in 2011 to the same degree. For 2011, Dräger is therefore not expecting to exceed the EBIT margin of the fiscal year 2010 amid slightly higher net sales. In the medium-term, the company is planning to grow stronger than the market and to achieve a sustained EBIT margin of at least 10 percent.

 

 

Drägerwerk AG & Co. KGaA

Moislinger Allee 53-55

23558 Lübeck, Deutschland

www.draeger.com

 

Investor Relations:

Vanina Herbst

Tel. +49 451 882-2685

vanina.herbst@draeger.com

 

Corporate Communications:

Burkard Dillig

Tel. +49 451 882-2185

burkard.dillig@draeger.com

 

 

Disclaimer

This ad-hoc 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.

HUG#1451547

Press release (PDF)

--- End of Message ---

Drägerwerk AG & Co. KGaA

Moislinger Allee 53-55 Lübeck Germany

Listed: Freiverkehr in Börse Stuttgart,

Prime Standard in Frankfurter Wertpapierbörse,

Regulierter Markt in Frankfurter Wertpapierbörse,

Regulierter Markt in Bayerische Börse München,

Regulierter Markt in Börse Berlin,

Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg,

Regulierter Markt in Börse Düsseldorf,

Regulierter Markt in Niedersächsische Börse zu Hannover;

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the

information contained therein.

Source: Drägerwerk AG & Co. KGaA via Thomson Reuters ONE

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
21 apr
OMXC25
Som tidligere påvist kan bulls køre hen over hvilken som helt bear. Hvis de altså vil. Det kræver at..
30
19 apr
 
Et opgør med Finanstilsynet er tvingende nødvendigt, hvis tilliden til markedet ikke skal lægges øde..
28
18 apr
 
LÆS NU FOR HELVEDE NOGEN AF DE 38000 indlæg som siger at børsen er nede!   Det er kraftstejleme da u..
21
20 apr
VWS
Vestas har en ordrerbeholdning større end de nogensinde har haft, og de sendte en næsten færdigjort ..
20
19 apr
BAVA
      Vedr. shortsqeeze mm. og den ekstreme kursmanipulation der dagligt foregår på Nasdaq Kbhvn. T..
19
21 apr
VELO
Jeg har i torsdags købt Veloxis igen efter en længere pause. For efterhånden en del år siden stod de..
16
20 apr
VWS
hvornår kommer analysen?
16
18 apr
 
Det er en katastrofe ! Hvis det fortsætter ret meget længere er vi allesammen nødt til at gå ud og l..
16
17 apr
LAUR
An aktie man aldrig skal eje. Ejerne trækker store summer ud, at en virksomhed der kæmper for overle..
14
21 apr
OMXC25
MarkusK - Godt at se et indlæg som er et ægte debat indlæg. Konkret problem at bringe til dsikussion..
13

Tivoli/CEO: Ny sæson og Tivoli Hjørnet øger omsætningen

23-04-2018 13:39:42
Den nye sæson hos forlystelsesparken Tivoli, Vinter I Tivoli, har sammen med åbningen af Tivoli Hjørnet bidraget til, at omsætningen er steget i første kvartal 2018.Det vurderer Lars Liebst, der er administrerende direktør i Tivoli. - Vi har haft åbent til Vinter i Tivoli og åbnet vores hjørne, og det har været gode ting. Det kan man se på omsætningen, siger Lars Liebst til Ritzau Finans.Nettoomsæ..

Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis

23-04-2018 07:00:55
Den amerikanske Vestas-konkurrent GE Renewable Energy melder om fortsat prispres, hvilket selskabet forsøger at kompensere for gennem omkostningsreduktioner. I første kvartal faldt priserne på nye mølleenheder til ordrebogen med 13 pct. i forhold til samme periode sidste år. Det sagde finansdirektøren for General Electric, som GE Renewable Energy er en del af, Jamie Miller, fredag på en telekonfer..

Bavarian: Udenlandske kapitalfonde øger væddemålet på kursfald

20-04-2018 16:36:15
En række kapitalfonde har onsdag og torsdag øget sine shortpositioner i biotekselskabet Bavarian Nordic. Det viser en række indberetninger til Finanstilsynet. Torsdag har Capital Partners øget sin shortposition til 0,62 pct. af aktierne fra 0,54 pct. Ligeledes har AHL Partners øget sin shortposition til 1,31 pct. af Bavarian-aktierne. Tidligere havde kapitalfonden shortet 1,20 pct.Arrow Street øge..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis
2
Aktier/tendens: Topdanmark kan få hovedrolle i neutralt marked
3
OK18: Overraskede lønmodtagere venter på svar fra staten
4
Milliardsalg af L'easy vakler - citat
5
Pandora/Carnegie: Løfter kursmålet til 700 kr.

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. april 2018 15:38:21
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180423.5 - EUROWEB1 - 2018-04-23 15:38:21 - 2018-04-23 15:38:21 - 1 - Website: OKAY