EDAG Engineering Group AG: Increase of revenue forecast following very strong third quarter

• Revenue increase of 16.5 percent after nine month
• Order intake in Q3 significantly above previous quarter
• Revenue for the full-year 2022 expected to grow in a range of around 14 to 16 percent

Arbon, October 19^th, 2022. According to preliminary, unaudited figures, EDAG Engineering Group AG (EDAG) has generated revenues of 589.7 million Euros in the first nine month of 2022. This corresponds to an increase of 16.5 percent against the previous year´s figure.

The preliminary adjusted EBIT¹ for the first three quarters 2022 levelled at 37.5 million Euros. This corresponds to an adjusted EBIT margin of 6.4 percent and an increase in the adjusted EBIT of 13.7 million Euros against the previous year.

The order intake in Q3 2022 levelled at 277.1 million Euros and was thus significantly exceeding the previous quarter (Q2 2022: 166.7 million Euros), leading to a total order intake after nine months of 709.9 million Euros. This corresponds to an increase of 34.8 percent or 183.2 million euros compared with the prior-year period.

Further increases in our customers' R&D budgets and order wins lead to a reassessment of the forecast for the EDAG revenue development in the current fiscal year. The EDAG Group Management now expects a revenue growth in a range of around 14 to 16 percent for the full year 2022, having previously expected the upper end of a range of around 6 to 9 percent.

The adjusted EBIT margin is expected to remain unchanged in a range of around 6 to 8 percent.

The full report for the third quarter 2022 will be published on November 10^th, 2022.

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¹ „adjusted^{EBIT“ is defined in the Annual Report 2021, page 160, which is available at www.edag.com}

Contact:
Sebastian Lehmann
Head of Investor Relations

EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Tel.: +41 (0)71 544 33 - 11
Fax: +41 (0)71 544 33 - 10
[email protected]
www..edag.com


Contact in Germany:

EDAG Engineering GmbH
Kreuzberger Ring 40
65205 Wiesbaden
Tel.: +49-611-7375-168
Mobile: +49-175-8020226
Email: [email protected]
www.edag.com