DGAP-Ad-hoc: EDAG Engineering Group AG: Preliminary H1 2016 results of EDAG Engineering Group AG: Slight increase in revenues, decrease in adjusted EBIT, adjustment of 2016 forecast


EDAG Engineering Group AG / Key word(s): Preliminary Results
11.08.2016 11:42

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Preliminary H1 2016 results of EDAG Engineering Group AG: Slight increase in revenues, decrease in adjusted EBIT, adjustment of 2016 forecast

Arbon, August 11th, 2016. Based on preliminary figures, EDAG Engineering Group AG has increased revenues at group level from 355 million Euros in the previous-year period to 362 million Euros in H1 2016. The mainly by ppa-effects adjusted EBIT was at about 22.5 million Euros and therewith 36% below the previous-year results of 32.6 million Euros. The unadjusted EBIT was at 18.7 million Euros compared to 32.6 million Euros in the previous- year period.

On the basis of the development of H1 and the still challenging market environment, EDAG adjusts the forecast for the full year to a moderate increase in revenues in the lower single-digit percentage range and an adjusted EBIT-margin of 6-8%. The dividend shall remain stable with 0.75 Euros per share.

The final numbers for H1 2016 will be published on August 24th, 2016.
Contact

Sebastian Lehmann
Head of Investor Relations
Tel.: +49-611-7375-168
Email: ir@edag-group.ag
www.ir.edag.com


11.08.2016 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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