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4-Traders Homepage  >  Equities  >  Xetra  >  Draegerwerk AG & Co KGaA    DRW3   DE0005550636

DRAEGERWERK AG & CO KGAA (DRW3)
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Drägerwerk AG & Co. KGaA: Dräger increases investments to support mid-term growth

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11/10/2017 | 06:55pm CEST

DGAP-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Forecast
Drägerwerk AG & Co. KGaA: Dräger increases investments to support mid-term growth

10-Nov-2017 / 18:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc notification in accordance with Sec. 17 of the MAR

Dräger increases investments to support mid-term growth

The executive board of the Drägerwerk Verwaltungs AG as the general partner of the Drägerwerk AG & Co. KGaA decided today to increase investments in order to support growth in the midterm.

In 2016, a year of consolidation, with successful execution of a cost-cutting program, net sales fell 1.5 percent (net of currency effects). In 2017, net sales are set to grow by 0 to 3 percent (net of currency effects), with an EBIT margin between 5 and 7 percent.

For 2018, the company expects to see stronger net sales growth (net of currency effects) of 2 to 5 percent. With the decision to increase investments, this development is also expected to continue in the medium term. To make this growth possible, the company is focusing on continued strict cost management while making even greater targeted investments in R&D and IT projects, as well as specific expertise in sales, especially in the US. These targeted expenditures will slightly reduce profitability on a temporary basis. The company anticipates an EBIT margin between 4 and 6 percent in 2018 and probably also in 2019.


10-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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: [email protected]
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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

628129  10-Nov-2017 CET/CEST

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© EQS 2017
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Financials (€)
Sales 2018 2 613 M
EBIT 2018 114 M
Net income 2018 70,2 M
Debt 2018 119 M
Yield 2018 0,64%
P/E ratio 2018 19,46
P/E ratio 2019 15,74
EV / Sales 2018 0,46x
EV / Sales 2019 0,44x
Capitalization 1 078 M
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Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 66,9 €
Spread / Average Target -1,5%
EPS Revisions
Managers
NameTitle
Stefan Dräger Chairman-Management Board
Nikolaus Schweickart Chairman-Supervisory Board
Gert-Hartwig Lescow CFO & Head-Information Technology
Siegfrid Kasang Vice Chairman-Supervisory Board
Daniel Friedrich Member-Supervisory Board
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