Dräger shares started into the year with significant gains. Dräger common shares increased in price by 48 percent in the first three months of the year and Dräger preferred shares by 31 percent. The Dräger shares rose particularly steeply in the days following the publication of the preliminary results on January 22, 2013, which were better than originally anticipated. At the end of the first quarter, the DAX share index was almost unchanged and still stood almost exactly at its opening level for the year. The TecDAX share index rose by 11 percent under-proportionally compared to the Dräger shares.