DGAP-Adhoc: EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight increase in revenues, decrease in adjusted EBIT
19.04.2016 – 13:56
DGAP-Ad-hoc: EDAG Engineering Group AG / Key word(s): Preliminary Results/Quarter Results EDAG Engineering Group AG: Preliminary Q1 2016 Results: Slight increase in revenues, decrease in adjusted EBIT 19.04.2016 / 13:52 Dissemination of an Ad hoc announcement according to § 15 WpHG. 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 -------------------------------------------------------------------------------- Language: English Company: EDAG Engineering Group AG Schlossgasse 2 9320 Arbon Switzerland Phone: +41 71 54433-0 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 News DGAP News Service -------------------------------------------------------------------------------- 455473 19.04.2016