Brief: EDAG Engineering Group Q1 adj EBIT was at EUR 10.7 mln
10/05/2017 06:31
May 10 (Reuters) - EDAG ENGINEERING GROUP AG ED4.DE :
* STRONG CASH-FLOWS IN Q1 - MARKET DYNAMICS INTACT - OUTLOOK CONFIRMED
* REVENUES IN FIRST THREE MONTHS OF BUSINESS YEAR WERE AT 178.1 MILLION EUROS AFTER 182.6
MILLION EUROS IN PREVIOUS YEAR
* Q1 ADJUSTED EBIT WAS AT 10.7 MILLION EUROS (PREVIOUS YEAR: 12.8 MILLION EUROS)
* OVERALL MARKET DYNAMICS ARE INTACT, SO OUTLOOK FOR EDAG REMAINS POSITIVE
* FOR CURRENT YEAR, MANAGEMENT EXPECTS AN INCREASE IN REVENUES OF UP TO 5% AND AN ADJUSTED
EBIT-MARGIN OF APPROXIMATELY 6-8%
Source text for Eikon: ID:nEQ425lT0
Further company coverage: ED4.DE
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))