11.05.2016
EDAG Engineering Group AG CH0303692047
EDAG Engineering Group AG: EDAG continues growth in 2016
DGAP-Media / 11.05.2016 / 07:45
press release
EDAG continues growth in 2016
Arbon, May 11th 2016. EDAG, leading independent engineering services
provider to the global automotive industry, continues its growth course at
the beginning of 2016. After a significant growth in 2015, revenues in Q1
2016 were increased by about 5 percent to 182.5 million Euros. All business
segments contributed to this growth.
The positive development is also reflected in the number of staff - 8,249
people were employed at March 31st 2016 (previous year: 7,587 employees).
The adjusted EBIT levelled at 13 million Euros and was 4.5 million Euros
below the previous-year figure, due to a lower productivity and working day
effects. 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 annual shareholder's meeting will take place on May 31st 2016 in
Zurich. The invitation has been published on May 9th 2016 and is available
at ir.edag.com. A main resolution item will be the payment of a planned
dividend of 0.75 Euro per share.
About EDAG
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.
Press contact:
Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone: +49 (0) 661- 6000 570
Mobile: +49 (0) 171- 8765 310
Mail: [email protected]
www.edag.de
Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone: +49 (0) 611- 7375 168
Mobile: +49 (0) 175- 8020 226
Mail: [email protected]
ir.edag.de
End of Media Release
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Issuer: EDAG Engineering Group AG
Key word(s): Services
11.05.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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 Media
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