09.05.2018
EDAG Engineering Group AG CH0303692047
EDAG Engineering Group AG: Significant increase in revenues and earnings in Q1 2018 - strong order intake - guidance confirmed
DGAP-Media / 09.05.2018 / 07:30
Significant increase in revenues and earnings in Q1 2018 -
strong order intake - guidance confirmed
Arbon, 9 May 2018. EDAG, a leading independent engineering services provider
to the global automotive industry, had a successful start into the fiscal
year 2018. Revenues in the first three months increased by 8.3% to EUR 193.7
million (previous year: EUR 178.8 million). The adjusted EBIT increased
disproportionally by 9.1% to EUR 12.0 million (previous year: EUR 11.0
million). The order intake was particularly positive. Orders amounting to
EUR 256.1 million were won, an increase of 16.5% over the previous year. On
March 31st 2018, EDAG had 8,364 employees (previous year: 8,136 employees).
CFO Juergen Vogt is optimistic for the further development: "The good start
into the fiscal year 2018 is mainly based on two factors. On the one hand,
the market environment for Engineering Services Provider is brightening. In
addition to the high R&D budgets of our domestic OEM, international
customers make an increasing contribution to our growth. On the other hand,
the strategic measures taken in the last year are having a positive initial
impact." The new CEO Cosimo De Carlo explains: "We have a very good basis
with a high technical competence. Buil- ding on this, we are consistently
aligning the EDAG Group as an innovative partner to the global automotive
industry. We will keep the pace high, in order to sustainably strengthen the
EDAG Group in its innovativeness, its positioning as an excellent employer
and its profitability."
The Group Executive Management is confident for the current fiscal year and
confirms the gui- dance. For the full year, an increase in revenues of up to
5% and an adjusted EBIT-margin of approximately 5-7% is expected.
Outlook to the Annual Shareholder's Meeting
The Annual Shareholder's Meeting will take place on June 5th 2018 in Zurich.
The invitation has been published on April 23rd, 2018 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, integral safety and new production technologies.
In financial year 2017, the company generated revenues of EUR 717 million
and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404
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
---------------------------------------------------------------------------
Issuer: EDAG Engineering Group AG
Key word(s): Services
09.05.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
683789 09.05.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
EDAG Engineering Group AG ISIN: CH0303692047 können Sie bei EQS abrufen
Automobilzulieferer , A143NB , ED4 , XETR:ED4