Brief: EDAG Engineering Group FY adj EBIT down at 43.8 mln euros

EDAG Engineering AG

05/04/2017 06:30

April 5 (Reuters) - Edag Engineering Group Ag  ED4.DE  
    * Positive order book; revenues 2016 almost at previous 
year's level 
    * In total, orders worth 744.9 million euros  ($795.11 
million) could be booked in 2016 (previous year: 731.4 million 
euros) 
    * Order backlog at end of year levelled at 318.9 million 
euros(previous year: 287.3 million euros) 
    * FY revenues of 715 million euros which is almost at 
previous year's level (722 million euros) 
    * FY adjusted EBIT was at 43.8 million euros (previous year: 
72.6 million euros) 
    * Will propose distribution of a dividend of 0.75 euros per 
share to general meeting on May 31, 2017 
    * Growth in revenues and earnings expected for 2017 
    * Outlook 2017: management expects an increase in revenues 
of up to 5 pct and an adjusted EBIT-margin of approximately 6-8 
pct 
 
Source text for Eikon:  ID:nEQ7Pjcnt  
Further company coverage:  ED4.DE  
 
($1 = 0.9369 euros) 
 
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