Brief: EDAG Engineering Announces Preliminary Key Data For H1, Revision Of Outlook For FY 2019
29/07/2019 20:56
July 29 (Reuters) - EDAG Engineering Group AG ED4.DE :
* DGAP-ADHOC: EDAG ENGINEERING GROUP AG: PRELIMINARY KEY
DATA FOR
H1 AND REVISION OF OUTLOOK FOR FISCAL YEAR 2019
* (EDAG) HAS GENERATED A PRELIMINARY AND UNAUDITED REVENUE
OF
390.4 MILLION EUROS IN H1 2019
* PRELIMINARY H1 ADJUSTED EBIT LEVELLED AT 16.9 MILLION
EUROS,
WHICH CORRESPONDS TO AN ADJUSTED EBIT MARGIN OF 4.3%
* IN FISCAL YEAR 2019, RESTRUCTURING MEASURES WILL HAVE A
NEGATIVE
IMPACT ON EARNINGS AFTER TAX
* GROUP MANAGEMENT HAS DECIDED TO REVISE SALES AND EARNINGS
OUTLOOK FOR FULL YEAR 2019
* GROUP MANAGEMENT HAS INCREASED FUNDS FOR RESTRUCTURING
MEASURES
TO AN AMOUNT OF UP TO 8 MILLION EUROS IN 2019
* 2019 REVENUES ARE NOW EXPECTED TO BE AT PREVIOUS YEAR'S
LEVEL
+/- ROUND 1%, INSTEAD OF AN INCREASE OF UP TO 5%
* IN FISCAL YEAR 2019 THOUGH, RESTRUCTURING MEASURES WILL
HAVE A
NEGATIVE IMPACT ON EARNINGS AFTER TAX.
* ADJUSTED EBIT-MARGIN IS NOW EXPECTED IN A RANGE OF ROUND
4-5%,
INSTEAD OF LOWER END OF A RANGE OF 5-7% FOR FY 2019
* 2019 EARNINGS AFTER TAX ARE EXPECTED TO BE BELOW 10
MILLION
EUROS
* SEGMENT PRODUCTION SOLUTIONS NOW EXPECTS A NEGATIVE
ADJUSTED
EBIT IN A SINGLE-DIGIT PERCENTAGE RANGE IN 2019
* FORECASTS FOR SEGMENTS VEHICLE ENGINEERING AND
ELECTRICS/ELECTRONICS REMAIN UNCHANGED FOR FY 2019
Source text for Eikon: ID:nEQ39NLWla
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