Brief: EDAG Engineering Group lowers earnings guidance for 2017
25/07/2017 12:47
July 25 (Reuters) - EDAG ENGINEERING GROUP AG ED4.DE
* DGAP-ADHOC: EDAG ENGINEERING GROUP AG: EDAG LOWERS
EARNINGS GUIDANCE FOR 2017, SALES GUIDANCE REMAINS UNCHANGED
* SALES GUIDANCE FOR 2017 REMAINS UNCHANGED
* TO LOWER EARNINGS GUIDANCE (ADJUSTED EBIT IN % OF SALES)
FOR FY 2017 FROM ABOUT 6-8% TO ABOUT 4-6%, BASED ON SUBSTANTIAL
LOWER EARNINGS DEVELOPMENT IN Q2 2017
* FOR FIRST SIX MONTHS OF 2017, SALES ARE EXPECTED TO BE
ROUGHLY 3% BELOW PREVIOUS-YEAR'S FIGURES BUT WILL BE
OVERCOMPENSATED IN H2 2017
* ADJUSTED EBIT MARGIN IN H1 WAS AT ABOUT 4%
Source text for Eikon: ID:nEQ1sCrYka
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