BERLIN (dpa-AFX) - Drägerwerk AG & Co. KGaA (DRWKF.PK) posted first quarter profit after tax of 25.4 million euros versus 23.2 million euros last year. Earnings per share were 1.45 euros versus 1.20 euros in the same quarter a year earlier.
Earnings per share on full distribution was 1.10 euros, up from 0.85 euros a year ago.
Sales grew to 529.3 million euros from 500.3 million euros in the prior-year quarter. The Asia / Pacific and rest of Europe regions were the strongest growth drivers.
Dräger continues to expect its order intake and net sales in fiscal year 2012 to grow at least at the pace of global economic growth. Dräger expects a Group EBIT margin between 8.0 percent and 9.5 percent in the current fiscal year.
For fiscal year 2013, Dräger forecasts net sales growth to outperform market developments in both divisions and the Group EBIT margin to increase compared to 2012, provided the Company's relevant markets continue their positive performance.
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© 2012 AFX News
