06.05.2021 EDAG Engineering Group AG  CH0303692047

EDAG Engineering Group AG: Cost-saving measures take effect in first quarter, market environment brightens up


 


DGAP-Media / 06.05.2021 / 07:30

EDAG Engineering Group AG: Cost-saving measures take effect in first quarter, market environment brightens up

Arbon, 06. May 2021. EDAG, leading independent engineering services provider to the global automotive industry, continues to experience the effects of the Corona pandemic in the first quarter of 2021, as well as strains from a cyber-incident in March. Group revenues in the first three months of fiscal 2021 decreased by 18.9 percent to EUR 156.7 million (previous year: EUR 193.2 million).
The impact on earnings was, however, largely mitigated by the cost-cutting measures taken in the previous year. Group adjusted EBIT levelled at EUR 1.4 million (previous year: EUR 3.8 million).
The segments Vehicle Engineering and Electrics/Electronics were profitable and able to even increase their results; Production Solutions on the other hand posted a negative EBIT. This segment was particularly affected by the above-mentioned effects. On 31 March 2021, EDAG had 7,871 employees (previous year: 8,345 employees).

"The market environment for engineering service providers is currently brightening, and we are therefore increasingly optimistic about the second half of the year in particular", explains Cosimo De Carlo, CEO of the EDAG Group.

For 2021, a moderate increase in sales is still expected compared to the previous year. Based on current estimates, a relatively weaker first half of 2021 and a relatively stronger second half of 2021 are assumed, although this assessment depends to a large extent on further pandemic developments. In the worst case, sales may stagnate or decline. In both cases, a notable improvement in adjusted EBIT is expected as a result of the cost-saving measures implemented.
 

Outlook to the Annual Shareholder's Meeting

The Annual Shareholder's Meeting will take place on 23 June 2021 in Zurich. Due to the persisting corona pandemic and the related restrictions, individual attendance by shareholders to the Annual Shareholders' Meeting is not possible. Shareholders who wish to exercise their voting rights at the Annual Shareholder's Meeting can use the applicable proxy form by 18 June 2021 via their respective custodian bank or via the company in exchange for provision of proof that the share(s) have been deposited with a bank.


 

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: sustainable vehicle development, safe mobility, digitization, as well as drive- and storage technologies.

In financial year 2020, the company generated revenues of EUR 650 million. As at 31 December 2020, 7,984 employees (including apprentices) worked for EDAG all over the world.


Contacts:

Public Relations
Christoph Horvath
Press spokesman EDAG Group
Phone: +49 (0) 661- 6000 570
Mail: [email protected]
www.edag.com

Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone: +49 (0) 611- 7375 168
Mail: [email protected]
www.edag.com
 

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

06.05.2021 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, Hamburg, Munich, Stuttgart
EQS News ID: 1192829

 
End of News DGAP Media

1192829  06.05.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 722,14 714,96 716,69 788,25 782,77 653,46 0,00
EBITDA1,2 85,20 65,53 56,33 91,78 66,14 24,39 0,00
EBITDA-Marge3 11,80 9,17 7,86 11,64 8,45 3,73 0,00
EBIT1,4 60,21 37,84 27,59 48,19 20,25 -20,46 0,00
EBIT-Marge5 8,34 5,29 3,85 6,11 2,59 -3,13 0,00
Jahresüberschuss1 36,35 18,10 14,35 23,74 7,02 -23,40 0,00
Netto-Marge6 5,03 2,53 2,00 3,01 0,90 -3,58 0,00
Cashflow1,7 27,58 51,76 51,57 91,05 78,87 150,11 0,00
Ergebnis je Aktie8 1,45 0,72 0,57 1,02 0,28 -0,94 0,37
Dividende8 0,75 0,75 0,75 0,75 0,00 0,00 0,10
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
EDAG Engineering Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A143NB 11,450 286,25
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,77 23,96 0,78 15,03
KBV KCV KUV EV/EBITDA
2,81 1,91 0,44 12,07
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 23.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2021 26.08.2021 11.11.2021 24.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,08% 18,07% 30,56% 24,46%
    
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Automobilzulieferer , A143NB , ED4 , XETR:ED4