24.08.2016
EDAG Engineering Group AG CH0303692047
EDAG Engineering Group AG: EDAG continues growth in 2016
DGAP-Media / 24.08.2016 / 07:30
EDAG continues growth in 2016
Arbon, August 24th 2016. EDAG, leading independent engineering services
provider to the global automotive industry, continues its growth course in
2016. After a significant growth in 2015, revenues in H1 2016 were
increased by 2 percent to 362 million Euros. All business segments
contributed to this growth.
The positive development is also reflected in the number of staff - 8,267
people were employed at June 30th 2016 (previous year: 7,761 employees).
The adjusted EBIT levelled at 22.5 million Euros, compared to 35.4 million
Euros in the previous-year. The adjusted EBIT-margin was at 6.2% (previous
year: 10%). For the full year, a moderate revenue growth in the lower
single-digit percentage range and an adjusted EBIT-margin of 6-8% is
expected. The dividend shall remain stable with 0.75 Euros per share.
High attractiveness as an employer
Compared to the previous year, EDAG created more than 500 new jobs. CEO
Joerg Ohlsen underlines: "I am very happy that EDAG inspires so many
committed employees. We offer various challenges in an exciting market
environment to our staff members. This, together with good working
conditions, makes EDAG a great place to work." To offer ideal framework
furthermore, EDAG put a new training center in Fulda into operation at the
beginning of August. On a total area of 1,200 square meters up to 100
people can be trained simultaneously.
Further expansion of location structures
The next important milestone in the development of the EDAG Group is
imminent. On September 2nd, the new development center in Wolfsburg will be
opened. More than 1,000 employees can cooperate interdisciplinary in the
spacious new premises. In addition to classic engineering competences, in
particular activities in the emerging areas of e-mobility and lighting
engineering can be offered. Especially in these areas, EDAG is well-
positioned for the requirements of the mobility of the future.
Selected financial information for H1 2016
01.01.15 - 30.06.15 01.01.16 - 30.06.16 Core revenues (in EUR mn) 355.2 362.4 Adjusted EBIT (in EUR mn) 35.4 22.5 EAT (in EUR mn) 20.3 9.5 Net debt (in EUR mn on 133.9 143.1 reporting date) Gross Investments (in EUR 12.4 16.8 mn) Equity ratio (in % on 27.4 31.1 reporting date)Ad hoc disclosure from August 23rd, 2016 Yesterday, the company announced by way of ad hoc disclosure that ATON intends to make on-exchange shares purchases of up to 1,000,000 shares during the period until 29 May 2017. Additionally the company communicated that it will make an extraordinary repayment instalment in the amount of EUR 20 million until 31 August 2016 upon an agreement with its lender in order to optimize the financing structure. The currently outstanding loan amount is approximately EUR 133 million and has an interest rate of 5% per annum. 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 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 24.08.2016 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. 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 --------------------------------------------------------------------------- 495247 24.08.2016
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