Arbon, June 1st 2016. The first annual shareholders' meeting of EDAG Engineering Group AG took place on May 31st 2016 in Zurich.Chairman of the Board Thomas Eichelmann led the event and the Group Executive Management presented the development of the financial year 2015.
With group core revenues increased by 13.7 percent year on year to EUR 722 million and an adjusted core EBIT of EUR 72,9 million over the same period, the financial year 2015 was extraordinary successful. For the current year, the company expects an increase in revenues in a range of 7- 10% and a moderate growth of the adjusted EBIT compared to 2015.
The shareholders' meeting approved the group financial statements for 2015 and positively decided on the payment of a dividend of EUR 0,75 per share via transfer from the capital reserve. The dividend will be paid out from June 1st 2016.
The members of the Board of Directors as well as the Group Executive Management have been exonerated. Moreover the Board of Directors and Mr. Thomas Eichelmann as Chairman of the Board of Directors have been re-elected for a further year.
As in the previous year, PricewaterhouseCoopers AG, Zurich, have been elected as auditor for the financial year 2016.
EDAG is an independent engineering services provider to the global automotive industry. The company serves leading domestic and international vehicle OEMs and sophisticated automotive suppliers through a global network of about 60 sites in major automotive centres of the world.
EDAG offers complementary engineering services across its Vehicle Engineering, Electrics/Electronics and Production Solutions businesses. Based on these extensive capabilities, EDAG can support clients across the entire value chain from the original design idea to product development and prototype construction all the way to the delivery of turnkey production systems. As a technology and innovation leader, EDAG also operates established centres of excellence that design landmark technologies for future applications in the automotive industry, lightweight construction, electric mobility, car IT and new production technologies.
In financial year 2015, the company generated core revenues of EUR 722 million and an adjusted core EBIT of EUR 72.9 million. As at 31 December 2015, 8,139 employees (including apprentices) worked for EDAG in 19 countries.
End of Media Release
Issuer: EDAG Engineering Group AG
Key word(s): Services
|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 Media|