17.03.2016
EDAG Engineering Group AG CH0303692047
DGAP-News: EDAG Engineering Group AG: Preliminary annual results 2015 (news with additional features)
DGAP-News: EDAG Engineering Group AG / Key word(s): Preliminary Results
EDAG Engineering Group AG: Preliminary annual results 2015 (news with
additional features)
17.03.2016 / 08:48
The issuer is solely responsible for the content of this announcement.
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Press Release
EDAG: preliminary annual results 2015
Double- digit growth in sales and operating income in fiscal year 2015
(group)
Arbon, 17 March 2016: Due to high demand for engineering services in 2015,
EDAG - group managed, on the basis of preliminary figures, to increase
sales significantly by 13.7% to 722 million Euro (previous year: 635
million Euro). All segments contributed to this increase, with EE
(Electrics/Electronics) growing particularly strong.
The company increased the preliminary operating income (EBIT adjusted for
PPA and other special items) by 37% to 72.9 million Euro, again clearly
higher than 2014 (53.2 million Euro). The operative margin amounted to
approximately 10% and is higher than during the previous year (8.4%).
The preliminary net income of 36.3 million Euro was lower than in 2014
(59.9 million Euro), because 2014 was considerably influenced by proceeds
from sales of property and businesses.
The board of directors plans to recommend a dividend payment of 0.75 Euro
per share at the general shareholder meeting on May 31, 2016.
The current order situation in the Engineering Service Provider - market
(ESP) indicates a further growing sales volume. At the beginning of the
year 2016, demand for ESP was still cautious, so that the company expects
an increase in sales in a range of 7- 10%, similar to market expectations
of the competition. In spite of intensified competition, the company still
expects a moderate growth of the adjusted EBIT for the year 2016 in
comparison to 2015.
The final numbers and the annual report of the company and the group for
the fiscal year 2015 will be published in a press conference on 20 April,
2015.
About EDAG
EDAG is an independent engineering service provider working for the global
automotive industry with customers in the automotive industry at 57
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. On 31 December 2015, EDAG
employed more than 8100 people in 19 countries.
Disclaimer
This document contains statements related to our future business and
financial performance and future events or developments involving EDAG that
may constitute forward-looking statements. These statements may be
identified by words such as "expect", "look forward to," "anticipate"
"intend," "plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in other
reports, in presentations, in material delivered to shareholders or in
press releases. In addition, our representatives may from time to time make
oral forward-looking statements. Such statements are based on the current
expectations and certain assumptions of EDAG's management, of which many
are beyond EDAG's control. These are subject to a number of risks,
uncertainties and factors, including, but not limited to those described in
disclosures, in particular in the chapter "Risks" in the Annual Report.
Should one or more of these risks or uncertainties materialize, or should
underlying expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of EDAG may (negatively or positively)
vary materially from those described explicitly or implicitly in the
relevant forward-looking statement. EDAG neither intends, nor assumes any
obligation, to update or revise these forward-looking statements in light
of developments which differ from those anticipated.
EDAG Engineering Group AG
Jürgen Vogt
CFO / Investor Relations
Schlossgasse 2
CH-9320 Arbon
Phone: +41 (0) 71 544 3303
Email: [email protected]
www.edag-group.ag
+++++
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=KRVQQPCOTA
Document title: EDAG Group AG Press Release 2016-1
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17.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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
E-mail: [email protected]
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 News DGAP News Service
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