Corona-the winner is: the share price of the Drägerwerk in the ascendant

The Corona-crisis has led to the stock markets to some uncertainty. All the more sought after the stocks of companies that appear to be among the clear winners

Corona-the winner is: the share price of the Drägerwerk in the ascendant

The Corona-crisis has led to the stock markets to some uncertainty. All the more sought after the stocks of companies that appear to be among the clear winners are. One is the of medical and safety technology group, Drägerwerk. After the company, due on Tuesday evening about a pandemic excellently completed second quarter, was reported and the forecast for the year increased, the price rose so far by 10 percent.

Depending on the stock exchange, this growth on the Tuesday evening and Wednesday morning is distributed. On Tradegate, which closes its doors only at 22 PM, traded the share certificates already on the eve of the trade end in 83,30 Euro, so that the gains keep on Wednesday in the borders. The Xetra trading on the Frankfurt stock exchange must understand, however, the mark-UPS on Wednesday and the Plus is there are more than 9 percent.

Drägerwerk forecast for the current year a turnover increase of 14 percent to 20 percent. The operating margin should be between 7 and 11 percent. To date, the company had made only "Chance" for a significantly higher sales and earnings levels. Drägerwerk benefited from the high demand in the medical technology in the Corona of a pandemic. The company manufactures ventilation equipment. In security technology the increase in demand for breath is boost protection, such as FFP-masks. In the second quarter, order intake increased compared to the prior-year quarter, adjusted for currency effects by more than a third, the turnover by more than a quarter to around EUR 788 million. The operating result of 102 million euros, was considerably better. In the previous year, a loss of 1.5 million euros had stood to beech.

Draeger factory VZO O. N. -- -- (--) Xetra tradegate lang & Schwarz, Stuttgart, Frankfurt, London SE Int. Level 1SchweizWien 1T 1W 3M 1J are 3J 5J For detail view

To the great demand, it is expanding drägerwerk currently its capacity. For the financing of drägerwerk had concerned at the end of April the capital market of fresh money. The detailed Figures of the index, the SDax-listed company on the 13. August publish.

The private Bank Hauck & Aufhäuser kept its rating of the share to "Buy" with a price target of 95 euros. The new result-goal margin spent significantly on its and the market expectation, writes Analyst Aliaksandr Halitsa.In the best case, the operating profit could surpass in the current year, the average forecast of 79 percent.

Updated Date: 15 July 2020, 05:20

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