Drägerwerk AG & Co KGaA (DGWPF) Q1 2025 Earnings Call Transcript

2025-05-02 16:45:18 ET

Drägerwerk AG & Co KGaA (DGWPF)

Q1 2025 Results Conference Call

April 30, 2025 08:00 AM ET

Company Participants

Nikolaus Hammerschmidt - IR

Tom Fischler - IR

Stefan Dräger - Chief Executive Officer

Gert-Hartwig Lescow - Chief Financial Officer

Conference Call Participants

Alexander Galitsa - HAIB

Virendra Chauhan - AlphaValue

Oliver Reinberg - Kepler Cheuvreux

Presentation

Stefan Dräger

Good afternoon. And thank you for joining our conference call on our financial results for the first 3 months of 2025. I have with me today, Gert-Hartwig Lescow, CFO; as well as, Tom Fischler and Nikolaus Hammerschmidt, both investor relations. We would like to take you through the results with a presentation that we made available on our webpage this morning. Following the presentation, we will open the floor to your questions.

Let's get started on Page 5 with the business highlights. The first quarter is usually the weakest in our fiscal year. Against this background, we deliver robust net sales, slightly positive earnings at higher operating cash flow. In terms of demand, we delivered the best Q1 since the first quarter of our record-breaking year 2020, when we achieved an order intake of nearly EUR 1.4 billion due to the high demand for ventilators and FFP mask. At around EUR 861 million, our order intake in Q1 '25 clearly surpassed the high level of the prior year period....

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