Investment in Dräger

Welcome to Investor Relations

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Welcome to the Investor Relations page for Drägerwerk AG & Co. KGaA. Here you can find more information about our company profile, reasons to invest, our company goals, and our markets.

We stand for ›Technology for Life‹

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Dräger manufactures medical and safety technology products. By doing so, we protect, support, and save the lives of people in hospitals, fire departments, rescue services, government agencies, mining, and industry around the world. The family-run company was founded in Lübeck, Germany, in 1889. Over the past five generations, Dräger has evolved into a global, publicly traded group. Dräger employs more than 16,000 people worldwide and is currently represented in over 190 countries. In 2024, the company generated net sales of around EUR 3.4 billion. Dräger technology is used all over the world. We operate in around 50 countries with our own sales and service companies directly on location where our customers are.

Company Profile

Reasons to invest in Dräger

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Flexible—even in times of crisis

Switch to a multiple-shift schedule, ramp-up of production capacities, and development and opening of new production sites after the onset of the coronavirus pandemic.

Quality and innovation

The Dräger brand is known worldwide for quality and innovation.

Values

Dräger combines a modern approach to management with the values of a family-run company.

A global leader

Dräger is a global leader in the fields of medical and safety technology.

Technology for Life

Dräger provides products that protect, support, and save lives.

Global network

Dräger has formed well-established customer relationships over many years through its global sales and service network.

Company goals

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Medium-term company goals

Our medium-term company goals are based on our corporate aspirations and are aligned with financial and non-financial targets. While defining our current goals, we determined the following priorities:

Profitability is the prerequisite for our long-term survival because it enables us to finance our future investments from our own resources. Our aim is therefore to increase our profitability. In order to do so, we want to increase our EBIT margin by an average of one percentage point per year over the coming years. The environment for this is good because the global markets for medical and safety technology offer an excellent growth environment for our “Technology for Life”. In order to sustainably increase profitability, we will focus on supporting our margins through price enforcement and careful cost management, aligning our activities even more closely with our customers and consistently pushing ahead with our own initiatives. We will also restructure or discontinue unprofitable activities.

“Technology for Life” is our guiding philosophy. Technology stands for technological innovation and engineering excellence, which are deeply ingrained in our DNA. We have products that are held in high regard, considered particularly innovative, and market-leading in certain aspects. These innovative products are developed in close collaboration with customers all over the world, by a top-class research and development team. The team utilizes the latest technologies and methods and is always conscious of achieving continuous improvement.

At the same time, we invest in commercial innovations to develop business models that meet the requirements of our existing and future customers. We also support local innovation and added value in different countries, particularly in services, project business, and additional software, by offering engineered solutions where they are utilized.

To offer our customers even more value, we are strengthening our system business. This means that we understand customer requirements both from a technical and a business perspective. With this system approach, we can achieve a larger share of wallet and share of mind among our customers and are integrated deeply in their value chain. We are developing our business more toward an approach based on system solutions and cash-flow orientation. One of the reasons for doing this is to counteract a price war in which some of our traditional products are becoming a commodity.

Interoperability is the ability of machines, devices, sensors, and people to connect with each other and communicate. This approach supports our customers’ decision-making process through greater transparency, by linking up data and providing recommendations. In most cases, these systems run on an infrastructure that we do not develop ourselves and that is not owned by us or the customer. We deliver and procure the components and bear responsibility for system functionality.

Expectations for fiscal year 2025

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	Results achieved for fiscal year 2024	Forecast for fiscal year 2025
Net sales (net of currency effects)	0.5%	1.0 to 5.0%
EBIT margin	5.8%	3.5 to 6.5%
DVA	EUR 54.3 million	EUR -30 to 80 million

Gross margin	44.9%	44.0 to 46.0%
R&D expenses	EUR 333.1 million	EUR 330 to 350 million
Net financial debt	EUR 165.0 million	EUR 180 to 210 million
Investment volume¹	EUR 76.0 million	EUR 110 to 130 million
Interest result	EUR -18.6 million	EUR -17 to -23 million
Days Working Capital (DWC)	108.2 days	105 to 110 days

¹Excluding acquisitions and the capitalization of right-of-use assets pursuant to IFRS 16

Our markets

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Medical

As a specialist for acute care, our aim is to optimize critical care. Because our focus is on the satisfaction of hospital staff and the well-being of patients in addition to improving clinical results and optimizing treatment costs, Dräger has been passionate about developing technologies, products, expertise, and services for critical care that help hospitals achieve their goals for over 130 years.

Safety

Dräger Safety offers a wide range of safety products such as mobile and fixed gas detection devices, as well as personal protective equipment. A global sales network and more than 130 years of experience underpin Dräger’s outstanding reputation in the field of safety technology. For small-scale enterprises and major corporations alike, Dräger has the ideal solution for every situation and helps protect employees, equipment, and systems.