EDAG Engineering Group AG, CH0303692047

EDAG Engineering Group AG, CH0303692047

12.07.2018 - 11:15:46

EDAG Engineering Group AG: Increase of revenue guidance after strong H1

EDAG Engineering Group AG: Increase of revenue guidance after strong H1

Arbon, July 12, 2018. Based on preliminary, non-consolidated figures, EDAG Engineering Group AG (EDAG) has generated revenues of about 390 million Euros in the first half of 2018. This corresponds to an increase of revenues of ca. 11% compared to H1 2017. The adjusted EBIT[1] in the first half of 2018 levelled at about 22.5 million Euros, the adjusted EBIT-margin in H1 was at about 5.8%. Compared to 15.1 million Euros in the previous year, this corresponds to an increase of about 50%.  

Against the background of the strong increase in revenues in the first half year, the EDAG management adjusts the revenue guidance for the full year 2018. It is now expected that revenues will increase in a range of 6-8% (before: up to 5%). The guidance for the adjusted EBIT-margin remains unchanged at approximately 5-7%.  

The final numbers for H1 2018 will be published on August 22nd, 2018.  

[1] For a definition of "adjusted EBIT" please see annual report 2017 Contacts: 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 ir@edag-group.ag ir.edag.com Contacts in Germany: EDAG Engineering GmbH Kreuzberger Ring 40 65205 Wiesbaden Tel.: +49-611-7375-168 Mobile: +49-175-8020226 Email: Sebastian.Lehmann@edag.de www.edag.de

12-Jul-2018 CET/CEST 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: 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

703879  12-Jul-2018 CET/CEST

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