Drägerwerk AG & Co. KGaA / Key word(s): Preliminary Results/Dividend
Drägerwerk AG & Co. KGaA: preliminary results for 2020, dividend and guidance for 2021
13-Jan-2021 / 19:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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Ad-hoc notification in accordance with Sec. 17 of the MAR
Drägerwerk AG & Co. KGaA: preliminary results for 2020, dividend and guidance for 2021
Lübeck, 13 January 2021 - Dräger hereby announces preliminary, unaudited business figures for the 2020 financial year.
Due to the strong demand in the course of the corona pandemic, business development in 2020 in terms of net sales and earnings was significantly above the previous year's level. Over the year, incoming orders increased by around 35.7 percent (around 39.2 percent net of currency effects). As a result, net sales rose significantly by around 22.6 percent (around 25.8 percent net of currency effects) to around 3.41 billion euros (2019: 2.78 billion euros). Due to the high net sales volume and a higher gross profit margin, earnings before interest and taxes (EBIT) also increased significantly. EBIT is expected to be between 385 and 395 million euros (2019: 66.6 million euros), which would correspond to an EBIT margin of between 11.3 and 11.6 percent (2019: 2.4 percent).