Drägerwerk AG & Co. KGaA Shows Steady Demand in Early 2024

Drägerwerk AG & Co. KGaA reported a modest increase in order intake of 1.4% in the first nine months of 2024, reaching €2,421 million. While net sales were slightly down by 0.4% compared to the previous year, earnings before interest and taxes (EBIT) climbed by 4% to approximately €80 million. The safety division demonstrated growth, contrasting with a decline in the medical division, attributed to reduced demand for ventilators.

The third quarter highlighted a surge in the safety sector with an 11.9% order increase, while the medical division saw a downturn. Net sales in the quarter decreased by 0.7%. Dräger maintains its annual forecast, anticipating a net sales increase of 1.0-5.0% and an EBIT margin of 2.5-5.5%.