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| Revenues, EBIT and net profit perform well/dividend increase resolved/separate disclosure of remuneration to Executive Board Chairman announced for 2006/growth strategy to continue |
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| Lübeck, Germany, June 2, 2006 – At today’s annual shareholders’ meeting held in Lübeck, the shareholders of Drägerwerk AG agreed to distribute a higher dividend of EUR 0.50 (prior year: EUR 0.45) per preferred share and EUR 0.44 (prior year: EUR 0.39) per common share for 2005. |
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| The some 1,500 shareholders attending the meeting expressed their satisfaction with the good performance of the Dräger Group for the fifth consecutive year. There was also praise for Stefan Dräger (43), who has been Chairman of the Executive Board for the past year. As had been expected by shareholders, the handover to the fifth generation of the family went smoothly, and the continuing good results are confirmation of the business strategy aimed at sustainable growth and profitability. Stefan Dräger announced that his own remuneration would be disclosed in the Company’s separate and consolidated financial statements from fiscal year 2006. |
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| The Chairman presented the figures for the past fiscal year to the shareholders in detail: revenues up 7.3 percent to over EUR 1.6 billion, EBIT up more than 9 percent to EUR 128.2 million and a consolidated net profit of EUR 59.6 million, an increase of 26 percent. |
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| Stefan Dräger reported that this trend continued in the first quarter of 2006: order intake rose by 15.2 percent, revenues by 12.1 percent and EBIT by 13.9 percent. “The first quarter has shown us that we are on the right track and that Dräger has another successful year ahead of it in fiscal year 2006. Foreign business will play a key role as it accounts for 80 percent of revenues.” |
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| Revenue growth of 5 to 7 percent is forecast for Dräger Medical, 3 to 5 percent for Dräger Safety and 4 to 7 percent for the Group as well as a slightly greater increase in EBIT (before non-recurring expenses) and net profit. “We will continue to pursue our growth strategy”, said Stefan Dräger in his outlook. |
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This press release contains forward-looking statements regarding the development of the Dräger Group. No assurance can be given as to the content of these statements as they are based on assumptions and estimates that entail certain risks and uncertainties. |
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(c) Drägerwerk AG & Co. KGaA, 2007 |
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