EDAG Engineering Group AG
ISIN: CH0303692047
WKN: A143NB
08 May 2024 07:05AM

EQS-News: Solid results: Revenue, adjusted EBIT and free cash flow increase

EDAG Engineering Group AG · ISIN: CH0303692047 · EQS - Company News
Country: Switzerland · Primary market: Switzerland · EQS NID: 1896679

EQS-News: EDAG Engineering Group AG / Key word(s): Quarter Results/Development of Sales
Solid results: Revenue, adjusted EBIT and free cash flow increase

08.05.2024 / 07:05 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release


EDAG Engineering Group AG:
Solid results: Revenue, adjusted EBIT and free cash flow increase

  • Revenue grows by 2.9% to EUR 217.5 million
  • Adjusted EBIT increases to EUR 13.4 million, adjusted EBIT margin stable at 6.1%
  • Significant increase in free cash flow to EUR 26.3 million

 

Arbon, 08. May 2024. EDAG, leading independent engineering services provider to the global mobility industry and technology developer for industrial solutions, confirms its growth course with a solid increase in revenue. At 217.5 million euros, Group sales revenue was 2.9% above the previous year's level of 211.4 million euros. The Vehicle Engineering and Production Solutions segments contributed to sales growth in the first quarter with +2.9% and +24% respectively. The Electrics/Electronics segment was unable to continue the strong growth of recent quarters, recording a decline in turnover of 3.4%.

Adjusted Group EBIT amounted to 13.4 million euros (previous year: 13.0 million euros). The adjusted EBIT margin was stable at 6.1% at the previous year's level. The earnings performance in the first quarter is therefore in line with expectations for the full year 2024. Free cash flow increased from EUR 7.3 million to EUR 26.3 million in the first quarter. "This is an excellent result that underlines the strong operating performance under challenging conditions," emphasizes Holger Merz, CFO of the EDAG Group.

As of March 31, 2024, the company had 9,061 employees worldwide (previous year: 8,529 em-ployees).

The EDAG Group expects further growth and stable earnings development for the 2024 financial year. In addition to the opportunities, the forecast is also associated with risks that arise primarily from changes in market developments for our customers and, as a result, for us. Geopolitical uncertainties, the development of energy prices and wage costs as well as the availability of sufficiently qualified personnel also have an influence on this.

Revenue is expected to grow by around 4 percent to around 6 percent.
The adjusted EBIT margin is expected in a range of around 5 percent to around 6 percent.
The investment ratio is expected to be in a range of around 4 percent.

 

 

About the EDAG Group

The EDAG Group is a globally leading, independent engineering services provider that combines excellent engineering with the latest technology trends.

With a global network of some 70 branches, the EDAG Group realizes projects in the Vehicle Engineering, Electrics/Electronics and Production Solutions segments. Drawing on more than 50 years of engineering experience, EDAG's proprietary 360-degree development approach has become a hallmark of quality in the holistic development of vehicles and smart factories. The company's interdisciplinary expertise in the areas of software and digitization provides it with crucial skills to actively shape dynamic transformation processes as an innovative partner.

With an interdisciplinary team of around 8,900 experts, the EDAG Group develops unique mobility and industrial solutions for customers that include the world's leading automotive and non-automotive companies. The company is listed on the stock exchange since 2015 and generated revenues of € 844 million in 2023.

For more information, see the EDAG Group website: www.edag.com

 

 

 

Contacts:

Public Relations

Felix Schuster 
Head of Marketing & Communications  
Mobile:    +49 (0) 173 - 7345473 
Mail:       pr@edag.de
www.edag.com

 

Investor Relations

Christian Schütze 
Head of Investor Relations  
Phone:  +49 (0) 611- 7375 360 
Mobile:    +49 (0) 175- 8020 226
Mail:        ir@edag-group.ag
www.edag.com

 

 

 

Forward-looking statements

This release contains forward-looking statements. These statements are based on current estimates and projections of the 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.

 

 



08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.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, Hamburg, Munich, Stuttgart
EQS News ID: 1896679

 
End of News EQS News Service

1896679  08.05.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1896679&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 788,25 782,77 653,46 687,62 795,05 844,78 830,00
EBITDA1,2 91,78 66,14 24,39 67,78 90,55 95,31 78,00
EBITDA-Margin3 11,64 8,45 3,73 9,86 11,39 11,28 9,40
EBIT1,4 48,19 20,25 -20,46 26,03 51,07 53,94 35,70
EBIT-Margin5 6,11 2,59 -3,13 3,79 6,42 6,39 4,30
Net Profit (Loss)1 23,74 7,02 -23,40 11,42 28,86 28,90 17,00
Net-Margin6 3,01 0,90 -3,58 1,66 3,63 3,42 2,05
Cashflow1,7 91,05 78,87 150,11 23,59 34,00 40,74 38,00
Earnings per share8 1,02 0,28 -0,94 0,46 1,15 1,16 0,67
Dividend per share8 0,75 0,00 0,00 0,20 0,55 0,55 0,20
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
EDAG Engineering Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A143NB CH0303692047 AG 176,00 Mio € 02.12.2015 8FVFGC8P+FV
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
9,51 18,78 0,51 10,34 1,18 4,32 0,21
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,55 0,55 0,20 2,84%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
25.06.2025 08.05.2025 28.08.2025 07.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,15%
7,04 €
ATH 22,95 €
-9,69% -29,32% -48,04% -46,26% -62,95%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL