Q3/2001 once more with definite sales and earnings gains
Safety Technology strong
Medical Technology reaping restructuring benefits
Luebeck, Germany (ots)
- With 9-month sales and earnings buoyant,
Luebeck-based Draegerwerk AG is progressing well along the turnaround
road leading to its back-to-the-black destination for 2001.
As announced by this Medical & Safety Technology Group,
consolidated three-quarter sales advanced by 13.6 percent to Euros
825.6 million (up from Euros 726.9 million). At 18 percent,
non-German sales outpaced domestic gains (up 4 percent). Accounting
for around 70 percent, foreign business reached a new record.
The nine-eleven events in the United States have so far barely
impacted on Draeger's own business, with hardly any fallout on
Medical Technology as of mid-October. On the contrary, gas detection
instruments and personal protection equipment (both Safety
Technology) have been in somewhat stronger demand. Given the
uncertainties in civil aviation, Draeger Aerospace, the smallest of
the divisions, does not anticipate any growth rates in 2002.
At present, order inflow throughout the Group is around 10 percent
up over 2000.
With both of the premier divisions showing sales growth and the
cost-pruning program already in place, the Draeger Group's 9-month
earnings are altogether a definite improvement over the year-earlier
period. Draeger Safety, in particular, upped its already good
performance to develop into an important earnings generator
throughout the Group. Draeger Medical's restructuring program,
initiated in 2000, has been making good progress and helping
significantly to sharpen the competitive edge. In fact, Medical
Technology's restructuring drive is expected to deliver further
earnings gains in the final quarter of 2001.
ots Original Text Service: Draegerwerk Aktiengesellschaft
Moislinger Allee 53/55
D - 23542 Luebeck
Phone. +49 451 8 82-22 01
Fax +49 451 8 82-39 44