Dreigerwerk reveals robust growth in Q2 sales
Date
7/14/2024 6:08:42 AM
(MENAFN) Dreigerwerk, a prominent German company specializing in medical equipment and safety technology, announced robust sales figures for the second quarter on Saturday. The company reported a 1.7 percent increase in net sales, reaching 785 million euros (USD857 million) compared to 771.3 million euros in the same period last year. Adjusted for currency effects, quarterly Net Sales growth stood at 2 percent.
In addition to the growth in net sales, Dreigerwerk noted a 0.3 percent increase in order volume for the second quarter, amounting to EUR 794 million when adjusted for currency fluctuations compared to the previous year. These results reflect the company's resilience and effectiveness in navigating market conditions amid ongoing economic challenges.
Looking ahead, Dreigerwerk reaffirmed its outlook for the current fiscal year, expecting net sales to grow between 1 percent and 5 percent. Furthermore, the company anticipates an improvement in earnings before interest and tax (EBIT) margin, projecting it to range between 2.5 percent and 5.5 percent. This guidance underscores Dreigerwerk's confidence in its operational strategies and market positioning despite global economic uncertainties.
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