Draegerwerk AG & Co KGaA revises FY 2014 outlook

Monday, 14 Jul 2014 02:19pm EDT 

Draegerwerk AG & Co KGaA:Says based on provisional figures, revises its FY 2014 earnings and net sales forecast.Says against backdrop of weaker-than-expected demand in first six months of 2014, anticipates full-year FY 2014 net sales growth of 2.0 to 4.0 pct (until now: 3.0 to 6.0 pct).Says based on current exchange rates, this would result in negative effect of more than 2 percentage points on full FY 2014 reported net sales growth when compared to the average exchange rates of the prior year (until now: about 3 percentage points).Says FY 2014 gross margin is not likely to match prior year's level.Forecasts full FY 2014 EBIT margin including currency effects of between 4.5 and 6.5 pct. 

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