International Dredging Review

International Dredging Review
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Draeger Safety recorded its best-ever semi-annual result for the six months ending June 30. The company generated an EBIT (earnings before interest and taxes) of $23 million for the period up from $13 million the previous year.

Headquartered in Luebeck Germany the company’s U.S. headquarters are in Pittsburgh Pennsylvania.

Draeger Safety’s worldwide sales of $231 million exceeded the previous year’s EBIT growth by 20 percent. According to CEO Prof. Dr. Albert Juegel (headquartered in Luebeck) the success is due to the company’s strong product portfolio with single-source solutions for hazard management within safety technology an excellent global marketing and service network and a sustained strict cost management system.