EDAG Engineering Group AG: Preliminary figures for 2021 at upper end of guidance - outlook for 2022 significantly above consensus

EDAG Engineering Group AG / Key word(s): Preliminary Results/Forecast
EDAG Engineering Group AG: Preliminary figures for 2021 at upper end of guidance - outlook for 2022 significantly above consensus

21-Feb-2022 / 07:28 CET/CEST
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EDAG Engineering Group AG: Preliminary figures for 2021 at upper end of guidance - outlook for 2022 significantly above consensus

- Revenue and adjusted EBIT 2021 meet upper end of expectation

- Outlook 2022 significantly above consensus estimates

Arbon, February 21, 2022. According to preliminary, unaudited figures, EDAG Engineering Group AG (EDAG) has generated revenues of 687.5 million Euros in 2021. This corresponds to an increase of 5.7 percent against the previous year's figures. This means that the upper end of the expectation of an increase in revenue of round 3 to 5 percent in the financial year was achieved.

The adjusted EBIT¹ for 2021 levelled at 30.5 million Euros. This corresponds to an adjusted EBIT margin of 4.4 percent. The expectation of an adjusted EBIT margin at the upper end of a range of round 3 to 4 percent was thus achieved.

Outlook for fiscal year 2022

For fiscal year 2022, EDAG expects accelerated growth momentum and a positive development in key performance indicators, significantly above current consensus estimates.

Revenue is expected to grow by around 6 percent to 9 percent.
The adjusted EBIT margin is expected in a range of around 6 percent to 8 percent.
The investment rate is expected in a range of around 4 percent to 5 percent.

The full report for the fiscal year 2021 including outlook for 2022 will be published on March 31^st, 2022.

_______________________________
¹"adjusted^{EBIT" is defined in the Annual Report 2020, page 161, which is available at www.edag.com

Contact:}

Sebastian Lehmann
Head of Investor Relations

EDAG Engineering Group AG
Schlossgasse 2

9320 Arbon

Switzerland

Tel.: +41 (0)71 544 33 - 11
Fax: +41 (0)71 544 33 - 10

ir@edag-group.ag

ir.edag.com

Contact in Germany:

EDAG Engineering GmbH
Kreuzberger Ring 40

65205 Wiesbaden

Tel.: +49-611-7375-168

Email: Sebastian.Lehmann@edag.com

www.edag.com

21-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	EDAG Engineering Group AG
	Schlossgasse 2
	9320 Arbon
	Switzerland
Phone:	+41 71 54433-0
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, Hamburg, Munich, Stuttgart
EQS News ID:	1283947


End of Announcement	DGAP News Service

1283947 21-Feb-2022 CET/CEST

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