Brief: EDAG Engineering Group 9-Mth Adj. EBIT Up At EUR 23.8 Mln

EDAG Engineering AG

11/11/2021 07:09

Nov 11 (Reuters) - EDAG ENGINEERING GROUP AG  ED4.DE :
    * SUSTAINED ROBUST REVENUE GROWTH AND INCREASING PROFITS 
AFTER
NINE MONTHS
    * 9-MONTH REVENUE GROWTH OF 15.1% IN Q3 (+4.8% IN Q1-3)
    * ADJUSTED EBIT MARGIN AT 7.6% IN Q3 (4.7% IN Q1-3)
    * UPPER END OF GUIDANCE RANGE EXPECTED IN ADJUSTED EBIT
    * AT EUR 506.2 MILLION, REVENUE IN NINE-MONTH PERIOD WAS 4.8
PERCENT UP ON PREVIOUS YEAR'S LEVEL OF EUR 482.9 MILLION
    * ADJUSTED EBIT INCREASED SIGNIFICANTLY YEAR-ON-YEAR TO EUR
23.8
MILLION AFTER NINE MONTHS (PREVIOUS YEAR: EUR -7.7 MILLION)
    * ADJUSTED EBIT MARGIN WAS 4.7 PERCENT, COMPARED TO -1.6
PERCENT
IN PREVIOUS YEAR
    * REVENUE IS EXPECTED TO INCREASE IN A RANGE OF ROUND 3 TO 5
PERCENT FOR FULL YEAR 2021
    * ADJUSTED EBIT MARGIN IS EXPECTED TO BE AT UPPER END OF
RANGE OF
ROUND 3 TO 4 PERCENT

Source text for Eikon:  ID:nEQchfkcna 
Further company coverage:  ED4.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))