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ROUNDUP: Drgerwerk optimistic for 2020 after order boom | message

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LBECK (dpa-AFX) – The medical technology and security group Drgerwerk is more optimistic for the current year after the order boom in the corona crisis. The Lbeck-based company raised its forecast for 2020 and announced on Wednesday evening that a strong order intake in the 1st quarter opened “opportunities for significantly higher sales and earnings levels”.

Currency-adjusted sales in the 1st quarter rose by around 7.1 percent to around 640 million. Earnings before interest and taxes (EBIT) were minus EUR 0.6 million. In the corresponding period of the previous year there was a minus of 10.7 million euros. The company had recently received a major order from the federal government for ventilators.

As already known, Drger’s order intake in the course of the Covid 19 pandemic in the first quarter of 2020 was around EUR 1.393 billion after EUR 648 million in the same period last year. “The demand in medical technology is currently particularly high,” it said. Products that are needed for the treatment of Covid 19 patients are particularly in demand: ventilators, patient monitors and the associated consumables. Most of the orders are expected to be delivered in 2020. For this, production capacities are currently being increased in various areas./sl/DP/he

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