draegerwerk ag (DGWPF) Snapshot

Dragerwerk AG & Co. KGaA reported earnings results for the first quarter of 2013. For the period, the company's net sales went up by 1.7% (net of currency effects) to EUR 533.8 million from EUR 529.3 million for the first quarter of 2012. Earnings before interest and taxes (EBIT) were EUR 39.8 million against EUR 46.8 million a year ago. Earnings after income taxes amounted to EUR 22.6 million, down 11.1% on the prior year of EUR 25.5 million. Earnings per share as well as earnings per share on full distribution decreased year on year. Earnings per preferred share were EUR 1.29 against EUR 1.47 a year ago. Earnings per common share were EUR 1.27 against EUR 1.45 a year ago. Earnings per preferred share on full distribution were EUR 0.99 against EUR 1.12 a year ago. Earnings per common share on full distribution were EUR 0.97 against EUR 1.10 a year ago. The company saw negative operating cash flow of EUR 8.3 million. Higher investments into operation and IT led to an increase of investment by 45.6% to EUR 19.0 million. Net financial debt continued to decline, reaching EUR 78.2 million and the ratio of the net financial debt to EBITDA stood at 0.3. For 2013, the company continues to expect net sales growth between 2% and 4% (net of currency effects) and an EBIT margin between 8.0% and 10.0%. This is based on the assumption of a stable economy in Europe and North America, sustained market growth in developing countries and stable exchange rates. Cash inflow from operating activities expected to remain high in the region from 70% to 85% of EBIT and an equity ratio of 35% to 38%.

Dragerwerk AG & Co. KGaA reported earnings results for the fourth quarter and full year of 2012. For the year, the company reported net sales of EUR 2,373.5 million against EUR 2,255.8 million a year ago. EBIT was EUR 229.6 million against EUR 213.8 million a year ago. Net profit was EUR 135.0 million against EUR 125.1 million a year ago. Earnings per common share were EUR 7.63 against EUR 7.29 a year ago. Earnings per common share in the case of full distribution were EUR 5.81 against EUR 4.54a year ago. For the quarter, the company’s net sales went up by 2.7% to EUR 726.9 million again st EUR 698.5 million a year ago. EBIT increased by 24.5% to EUR 92.3 million against EUR 74.1 million a year ago. The Executive Board of the company will propose to the annual shareholders meeting on May 3, 2013 a dividend on common shares of EUR 0.86 against EUR 0.13 a year ago, dividend per preferred shares of EUR 0.92 against EUR 0.19 a year ago. For the year 2013, the company expects net sales growth of between 2% and 4% (net of currency effects) and an EBIT margin of between 8.0% and 10.0%. This is based on the assumption of a stabilizing economy in Europe and North America, sustained market growth in developing countries and stable exchange rates.

Dragerwerk AG & Co. KGaA Presents at 38th Annual Deutsche Bank Health Care Conference, May-30-2013 08:00 AM. Venue: The Westin Boston Waterfront Hotel, 425 Summer Street, Boston, MA 02210, United States. Speakers: Gert-Hartwing Lescow, Chief Financial Officer and Member of Executive Board.