The Drger Safety company located in Luebeck, Germany states an EBIT* reaching a total of $14.2 million (11.1 million) in the first quarter of 2005 as compared to $12.2 million (9.6 million) in the first quarter of 2004. This is equivalent to a 9.0 percent return on sales (up from 8.4 percent).
Global sales of Drger Safety rose in the first three months of 2005 to $157.7 million (123.2 million), which is 8.7 percent higher than the year-earlier figure of $145 million (113.3 million).
At $174.6 million (136.4 million), order intake was 2.7 percent above the previous year’s figure of $170 million (132.8 million). This growth continued to be generated predominantly by the subgroup’s core business, though also by projects spanning all product groups and by the integration of the Drger Interservices GmbH.
With effect from 1 January 2005, Drger Interservices GmbH was integrated into the Drger Safety subgroup. The main customers of the logistics services provider are Drger Safety and Drger Medical. Consolidated sales/order intake total $7.4million (5.8 million).
The transfer of the business into the Drger Group resulted in a profit of $2.7 million (2.1 million) for Drger Safety.
All regions contributed to the growth of the subgroup’s core business in the first three months of 2005.
Business in the America region continued to develop positively, with parity-adjusted growth in sales totalling 5.1 percent.
Parity-adjusted sales in the Asia/Pacific region were 13.7 percent below the year-on-year level, though this is due to the fact that the first quarter of 2004 benefited from sales resulting from the SARS epidemic.
In Europe, Drger Safety continued to expand its business and consolidate its market shares, achieving overall sales growth of 11.2 percent.
Drger Safety’s original business in Germany experienced positive growth. Discounting the effects of the initial consolidation of Drger Interservices GmbH, sales rose by 7 percent testimony to our strong market presence in Germany.
*EBIT refers to Earning Before Interest and Taxes