DGAP-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Preliminary Results Drägerwerk AG & Co. KGaA: Dräger improves earnings despite decline in net sales 13-Jan-2017 / 15:31 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc notification in accordance with Sec. 17 of the MAR Drägerwerk AG & Co. KGaA: Dräger improves earnings despite decline in net sales Drägerwerk announces preliminary, unaudited figures for fiscal year 2016. Net sales declined by roughly 3.3 percent (net of currency effects: -1.5 percent) to approximately EUR 2.52 billion (2015: EUR 2.61 billion). As a result, net sales growth in 2016 fell short of Dräger's latest forecast range. Earnings improved significantly in spite of the decline in net sales. This improvement was the result of a stable gross margin (2015: 44.9 percent) and a significant reduction in the cost base. The EBIT margin is likely to stand between 5.0 and 5.5 percent (2015: 2.6 percent). For 2016 order intake rose by 0.4 percent (net of currency effects: 2.2 percent). Net sales fell short of expectations in the Africa, Asia, and Australia region, particularly in the Middle East, and in many European countries in 2016. By contrast, business in Germany and the Americas region developed positively. This development largely continued in the fourth quarter, too. Dräger will publish full, audited results for fiscal year 2016 and a forecast for fiscal year 2017 on Wednesday, March 8, 2017. Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 Lübeck, Deutschland www.draeger.com Investor Relations: Thomas Fischler Tel. +49 451 882-2685 [email protected] Corporate Communications: Melanie Kamann Tel. +49 451 882-3998 [email protected] Disclaimer This ad hoc report contains statements on the future development of Dräger Group. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Executive Board as well as the information available to date. They were compiled to the best of the company's knowledge. Dräger does not provide any warranty nor assume any responsibility for the future developments and results described above. These are dependent on a number of factors. They entail various risks and contingencies outside of the company's influence and are based on assumptions which could prove to be incorrect. Dräger does not assume any responsibility for updating the forward-looking statements contained in this report. This does not infringe any legal stipulations on the adjustment of forecasts. Please go to Investor Relations / Financial Calendar at www.draeger.com for information on all important financial dates. --------------------------------------------------------------------------- 13-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23542 Lübeck Germany Phone: +49 (0)451 882-0 Fax: +49 (0)451 882-2080 E-mail: [email protected] Internet: www.draeger.com ISIN: DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9 WKN: 555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D Indices: TecDAX Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 536335 13-Jan-2017 CET/CEST