05.04.2017
EDAG Engineering Group AG CH0303692047
EDAG Engineering Group AG: Positive order book; Revenues 2016 almost at previous year's level
DGAP-Media / 05.04.2017 / 07:30
EDAG Engineering Group AG:
Positive order book; Revenues 2016 almost at previous year's level
- Order intake 2016 at EUR 744.9 mn. above previous year's level
(EUR 731.4 mn.)
- Revenues of EUR 715 mn. at high level
- Stabilization of adjusted EBIT at the end of 2016
- Proposal for dividend of EUR 0.75 per share
- For 2017 growth in revenues and earnings with increasing momentum in the
course of the year expected
Arbon, 05 April 2017 EDAG, a leading independent engineering services
provider to the global automotive industry, comes with a high order intake
from the financial year 2016. In total, orders worth EUR 744.9 million could
be booked in 2016 (previous year: EUR 731.4 million), the order backlog at
the end of the year levelled at EUR 318.9 million (previous year: EUR 287.3
million).
In an intense competitive environment, the company succeeded to achieve
revenues of EUR 715 million which is almost at previous year's level (EUR
722 million). The adjusted EBIT was at EUR 43.8 million (previous year: 72.6
million). The adjusted EBIT margin of 6.1 percent (previous year: 10.1
percent) shows a stable tendency.
The equity ratio 2016 rose further from 32.6 percent to 35.5 percent. On 31
December 2016, EDAG had 8,270 employees, an increase of about 1.5 percent
compared to previous year (8,139 employees).
Particularly pleasing to the shareholders: The Board of Directors will
propose the distribution of a dividend of EUR 0.75 per share to the General
Meeting on 31 May 2017.
"2016 was a challenging year for us", says Joerg Ohlsen, CEO of the EDAG
Group. "I am proud of having implemented important measures for a
sustainable success together with my team under difficult market conditions.
We could already notice positive impacts in the order intake and margins
throughout the last quarter, so we are well prepared for the new business
year. In 2017, we will expand our competencies especially in the e-mobility
as well as the field of integral safety and assist our customers as a
technology partner. With our committed employees and global competencies, we
want to participate relevantly in market opportunities."
Positive outlook: Growth in revenues and earnings expected for 2017
Automotive manufacturers and their suppliers continue to invest high amounts
into research and development. The increasing number of drive variants, new
platforms with purely electric engines and the increasing networking of
driver, car and the environment contribute to a high demand for engineering
services. Additionally, new international customer relations promise further
potential for growth.
EDAG is positioning itself optimally as an independent development partner
with outstanding competencies and a global network of locations in order to
continue to benefit from the positive - albeit challenging - market
conditions. Against this background, the management expects an increase in
revenues of up to 5% and an adjusted EBIT-margin of approximately 6-8%.
Selected financial information for financial year 2016
FY 2015 FY 2016
Order intake (in EUR mn) 731.4 744.9
Order book (at 31.12. in EUR mn) 287.3 318.9
Revenues (in EUR mn) 722 715
Adjusted EBIT (in EUR mn) 72.6 43.8
EAT (in EUR mn) 36.3 18.0
Net financial debt (in EUR mn) 93.4 98.1
CapEx (in EUR mn) 30.3 27.9
Equity ratio (in %) 32.6 35.5
Dividend per share (in EUR) 0.75 0.75
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, integral safety and new production technologies.
In financial year 2016, the company generated revenues of EUR 715 million
and an adjusted EBIT of EUR 43.8 million. As at 31 December 2016, 8,270
employees (including apprentices) worked for EDAG in 19 countries.
Press contacts:
Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone: +49 (0) 661- 6000 570
Mail: [email protected]
www.edag.de
Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone: +49 (0) 611- 7375 168
Mail: [email protected]
ir.edag.de
Forward-looking statements
This release contains forward-looking statements. These statements are based
on current estimates and projections of EDAG Executive Board and currently
available information. They are not guarantees of future performance,
involve certain risks and uncertainties that are difficult to predict, and
are based upon assumptions as to future events that may not be accurate.
Many factors could cause the actual results, performance or achievements of
EDAG to be materially different from those that may be expressed or implied
by such statements. EDAG does not assume any obligation to update the
forward-looking statements contained in this release.
End of Media Release
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Issuer: EDAG Engineering Group AG
Key word(s): Services
05.04.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
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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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