DGAP-Ad-hoc: EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight increase in revenues, decrease in adjusted EBIT


EDAG Engineering Group AG / Key word(s): Preliminary Results/Quarter Results
19.04.2016 13:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc: EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight increase in revenues, decrease in adjusted EBIT

In the first quarter 2016 EDAG has increased revenues at group level from 174.7 million Euro in the previous-year period to 182 million Euro. The mainly by ppa-effects adjusted EBIT was at about 13 million Euro and therewith 25% below the previous-year results of 17.5 million Euro. Main reasons for the deviation in the results were, each about half, the lower number of working days as well as a low productivity compared to the previous-year period. The unadjusted EBIT was at 10.8 million Euro compared to 15.7 million Euro in the previous-year period.

For the full year, the executive Management expects an increase in revenues in a range of 7- 10% and a moderate growth of the adjusted EBIT compared to 2015.

The final numbers for the first quarter will be published on May 10th, 2016.

About EDAG

EDAG is an independent engineering service provider working for the global automotive industry with customers in the automotive industry at 58 locations worldwide.

EDAG offers engineering services in the segments vehicle engineering, electrics/electronics and production solutions. Its competence comprises design, product development and prototype construction as well as turn-key production systems. As a technological and innovative leader, the company operates competence centers for seminal future technologies for the automotive industry: lightweight design, electro - mobility, car IT and new production technologies.

Contact

Sebastian Lehmann

Tel.: +49-611-7375-168 
Email: Sebastian.Lehmann@edag.de
www.ir.edag.com 




Information and Explanation of the Issuer to this News:
About EDAG

EDAG is an independent engineering service provider working for the global automotive industry with customers in the automotive industry at 58 locations worldwide.

EDAG offers engineering services in the segments vehicle engineering, electrics/electronics and production solutions. Its competence comprises design, product development and prototype construction as well as turn-key production systems. As a technological and innovative leader, the company operates competence centers for seminal future technologies for the automotive industry: lightweight design, electro - mobility, car IT and new production technologies.

Contact

Sebastian Lehmann

Tel.: +49-611-7375-168 
Email: Sebastian.Lehmann@edag.de
www.ir.edag.com 

19.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      EDAG Engineering Group AG
              Schlossgasse 2
              9320 Arbon
              Switzerland
Phone:        +41 71 54433-0
Fax:          
E-mail:       ir@edag-group.ag
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 Announcement DGAP News-Service  



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