LÜBECK (dpa-AFX) - The medical and safety technology group Drägerwerk has made a weaker start to the new year. Sales in the first quarter fell by 3.3 percent year-on-year to around EUR 736 million, as the company announced on Monday after the close of trading. At 15 million euros, earnings before interest and taxes (EBIT) were just over half as high as a year ago. In the first quarter of 2023, catch-up effects due to improved delivery situations and a surge in demand for ventilators from China had provided a tailwind. Both effects were now missing. The company confirmed its annual targets.

The full results for the first three months of the financial year

will be published on April 25, 2024 /mis