Drägerwerk AG & Co. KGaA (0MT8) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Dragerwerk Q2 twenty twenty six Earnings Call. I'm Moritz, the Chorus Call operator. I would like to remind you that all participants will be in a listen only mode and the conference is being recorded. The presentation will be followed by a question and answer session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Stefan Drager, CEO. Please go ahead, sir. Good afternoon and thank you for joining our conference call on our financial results for the first half of twenty twenty six. I have with me today Gerhard Bichlesko, Group CFO as well as Tom Fischler and Nicolas Samerschmidt, both Investor Relations. We would like to take you through the results with the 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 five with the business highlights. With continued good demand, excellent net sales development and significantly higher profitability, we delivered a strong business performance in the first six months of 2026. At around €1,750,000,000 order intake was slightly above the high prior year level, while net sales grew by more than €90,000,000 to around €1,600,000,000 Thanks to the good operating business, the improved gross margin and some customs refunds, our EBIT more than tripled to around €64,000,000 lifting our EBIT margin to 4.0%. As a result, the good earnings performance, our free cash flow rose considerably to around €16,000,000 from minus €42,000,000 of the prior year. As communicated last week, we raised our guidance. I will come back to this and our outlook at the end of the presentation. With that, I turn over to Gerd Hatfic for a review of the f...