DGAP-News: EDAG Engineering Group AG / Key word(s): Preliminary Results
Double- digit growth in sales and operating income in fiscal year 2015 (group)
Arbon, 17 March 2016: Due to high demand for engineering services in 2015, EDAG - group managed, on the basis of preliminary figures, to increase sales significantly by 13.7% to 722 million Euro (previous year: 635 million Euro). All segments contributed to this increase, with EE (Electrics/Electronics) growing particularly strong.
The company increased the preliminary operating income (EBIT adjusted for PPA and other special items) by 37% to 72.9 million Euro, again clearly higher than 2014 (53.2 million Euro). The operative margin amounted to approximately 10% and is higher than during the previous year (8.4%).
The preliminary net income of 36.3 million Euro was lower than in 2014 (59.9 million Euro), because 2014 was considerably influenced by proceeds from sales of property and businesses.
The board of directors plans to recommend a dividend payment of 0.75 Euro per share at the general shareholder meeting on May 31, 2016.
The current order situation in the Engineering Service Provider - market (ESP) indicates a further growing sales volume. At the beginning of the year 2016, demand for ESP was still cautious, so that the company expects an increase in sales in a range of 7- 10%, similar to market expectations of the competition. In spite of intensified competition, the company still expects a moderate growth of the adjusted EBIT for the year 2016 in comparison to 2015.
The final numbers and the annual report of the company and the group for the fiscal year 2015 will be published in a press conference on 20 April, 2016.
EDAG is an independent engineering service provider working for the global automotive industry with customers in the automotive industry at 57 locations worldwide. EDAG offers engineering services in the segments vehicle engineering, electrics/electronics and production solutions. Its competence comprises design, product development and prototype construction as well as turn-key production systems. As a technological and innovative leader, the company operates competence centers for seminal future technologies for the automotive industry: lightweight design, electro - mobility, car IT and new production technologies. On 31 December 2015, EDAG employed more than 8100 people in 19 countries.
This document contains statements related to our future business and financial performance and future events or developments involving EDAG that may constitute forward-looking statements. These statements may be identified by words such as "expect", "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders or in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of EDAG's management, of which many are beyond EDAG's control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter "Risks" in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of EDAG may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. EDAG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
EDAG Engineering Group AG
Phone:+41 (0) 71 544 3303
Document title: EDAG Group AG Press Release 2016-1
|Company:||EDAG Engineering Group AG|
|Phone:||+41 71 54433-0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart|
|End of News||DGAP News Service|