EDAG Engineering Group AG / Key word(s): Change in Forecast/Preliminary Results EDAG Engineering Group AG: Increase of revenue guidance after strong H1 Arbon, July 12, 2018. Based on preliminary, non-consolidated figures, EDAG Engineering Group AG (EDAG) has generated revenues of about 390 million Euros in the first half of 2018. This corresponds to an increase of revenues of ca. 11% compared to H1 2017. The adjusted EBIT[1] in the first half of 2018 levelled at about 22.5 million Euros, the adjusted EBIT-margin in H1 was at about 5.8%. Compared to 15.1 million Euros in the previous year, this corresponds to an increase of about 50%. Against the background of the strong increase in revenues in the first half year, the EDAG management adjusts the revenue guidance for the full year 2018. It is now expected that revenues will increase in a range of 6-8% (before: up to 5%). The guidance for the adjusted EBIT-margin remains unchanged at approximately 5-7%. The final numbers for H1 2018 will be published on August 22nd, 2018. [1] For a definition of "adjusted EBIT" please see annual report 2017
12-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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, Munich, Stuttgart |
| End of Announcement | DGAP News Service |