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.
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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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