Brief: EDAG Engineering Group H1 Adjusted EBIT At 22.7 Million Euros

EDAG Engineering AG

22/08/2018 06:33

Aug 22 (Reuters) - EDAG Engineering Group AG  ED4.DE :
    * : VERY STRONG FIRST HALF OF 2018 - SIGNIFICANT INCREASE IN
SALES
AND EARNINGS - STRATEGIC GROWTH PROGRAM 'REINVENT' PRESENTED
    * H1 ADJUSTED EBIT AMOUNTED TO 22.7 MILLION EUROS, AN
INCREASE OF
MORE THAN 50% COMPARED TO 2017 (15.1 MILLION EUROS)
    * H1 ORDER INTAKE ROSE BY 13.7% TO 433.6 MILLION EUROS
(PREVIOUS
YEAR: 381.5 MILLION EUROS)
    * OUTLOOK 2018: SALES GROWTH OF 6-8% AND AN ADJUSTED EBIT
MARGIN
OF AROUND 5-7% ARE NOW EXPECTED
    * H1 REVENUES AMOUNTED TO 391.1 MILLION EUROS, AROUND 11%
HIGHER
THAN 352.7 MILLION EUROS YEAR AGO

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

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