News-Detail

19.04.2016

EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight increase in revenues, decrease in adjusted EBIT

EDAG Engineering Group AG  / Key word(s): Preliminary Results/Quarter Results

19.04.2016 13:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc: EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight
increase in revenues, decrease in adjusted EBIT

In the first quarter 2016 EDAG has increased revenues at group level from
174.7 million Euro in the previous-year period to 182 million Euro. The
mainly by ppa-effects adjusted EBIT was at about 13 million Euro and
therewith 25% below the previous-year results of 17.5 million Euro. Main
reasons for the deviation in the results were, each about half, the lower
number of working days as well as a low productivity compared to the
previous-year period. The unadjusted EBIT was at 10.8 million Euro compared
to 15.7 million Euro in the previous-year period.

For the full year, the executive Management expects an increase in revenues
in a range of 7- 10% and a moderate growth of the adjusted EBIT compared to
2015.

The final numbers for the first quarter will be published on May 10th,
2016.

About EDAG

EDAG is an independent engineering service provider working for the global
automotive industry with customers in the automotive industry at 58
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.

Contact

Sebastian Lehmann

Tel.: +49-611-7375-168 
Email: Sebastian.Lehmann@edag.de
www.ir.edag.com 


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Information and Explanation of the Issuer to this News:

About EDAG

EDAG is an independent engineering service provider working for the global
automotive industry with customers in the automotive industry at 58
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.

Contact

Sebastian Lehmann

Tel.: +49-611-7375-168 
Email: Sebastian.Lehmann@edag.de
www.ir.edag.com 

19.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      EDAG Engineering Group AG
              Schlossgasse 2
              9320 Arbon
              Switzerland
Phone:        +41 71 54433-0
Fax:          
E-mail:       ir@edag-group.ag
Internet:     www.edag.com
ISIN:         CH0303692047
WKN:          A143NB  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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