BERLIN (dpa-AFX) - German medical and safety technology provider Draegerwerk AG (DRWKF.PK) reported that Order intake in the first quarter rose by roughly 5.4 percent net of currency effects (nominal 6.6 percent) compared to the first quarter last year. Net sales declined by roughly 1.1 percent net of currency effects (nominal increase 0.5 percent) to about 535 million euros.
EBIT for the first quarter amounted to roughly 2 million euros compared to negative 15.7 million euros in the prior year.
Order intake rose in all regions. Demand increase in Europe was particularly strong. In the region Americas, order growth was driven by the demand in North America. Business development was challenging in Central- and South America. Due to the positive development in China, order intake in the region Africa, Asia, and Australia increased slightly.
The outlook for fiscal year 2017 remains unchanged. For the full year Draeger continues to expect net sales growth (net of currency effects) of between 0.0 and 3.0 percent and an EBIT margin of between 5.0 and 7.0 percent.
The company will publish final results for the first three months of 2017 on May 4, 2017.
Copyright RTT News/dpa-AFX