Drägerwerk AG & Co. KGaA

ots Ad hoc-Service: Drägerwerk AG Drägerwerk AG, Lübeck, announces far-reaching plans to restructure its main division, the Dräger Medical Group:

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.

    Lübeck (ots Ad hoc-Service) -          

    - The three cornerstones of this program are sweeping cost reductions, process optimization and volume increases.

    - In total, DM 250 million productivity gains are targeted up to 2003.

    - Extraordinary restructuring expenses for 2000 of up to DM 40 million

    For Dräger Group therefore a net loss of DM 20 to 25 million is expected this year and under these circumstances no dividends are to be paid for fiscal 2000.

    Return to profitabiliy of more than DM 25 million as early as 2001 for the Dräger Group.

    The Dräger Medical Group accounts for more than 60 percent of the Dräger Group's sales, i.e. around DM 1.3 billion in 1999. During the past nine months, sales have risen by about 10 percent over the year-earlier level. At present, the Dräger Medical Group has a workforce of over 5,000 worldwide, of whom 2,900 are employed in Germany.

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