Brief: EDAG Engineering Q1 Adjusted EBIT Increases By 9.1% To EUR 12.0 Mln

EDAG Engineering AG

09/05/2018 06:34

May 9 (Reuters) - EDAG ENGINEERING GROUP AG  ED4.DE :
    * SIGNIFICANT INCREASE IN REVENUES AND EARNINGS IN Q1 2018 -
STRONG ORDER INTAKE - GUIDANCE CONFIRMED
    * Q1 REVENUES IN FIRST THREE MONTHS INCREASED BY 8.3% TO EUR
193.7
MILLION (PREVIOUS YEAR: EUR 178.8 MILLION)
    * Q1  ADJUSTED EBIT INCREASED DISPROPORTIONALLY BY 9.1% TO
EUR
12.0 MILLION (PREVIOUS YEAR: EUR 11.0 MILLION)
    * Q1 ORDERS AMOUNTING TO EUR 256.1 MILLION WERE WON, AN
INCREASE
OF 16.5% OVER PREVIOUS YEAR
    * GROUP EXECUTIVE MANAGEMENT IS CONFIDENT FOR CURRENT FISCAL
YEAR
AND CONFIRMS GUIDANCE
    * SEES INCREASE IN REVENUES OF UP TO 5% AND AN ADJUSTED
EBIT-MARGIN OF AROUND 5-7% FOR 2018
    * PAYMENT OF PLANNED DIVIDEND OF 0.75 EURO PER SHARE

Source text for Eikon:  ID:nEQ8LF4JPa 
Further company coverage:  ED4.DE 

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