FY Adjusted EBIT Up At EUR 30.6 Mln

EDAG Engineering AG

31/03/2022 06:36

March 31 (Reuters) - EDAG ENGINEERING GROUP AG  ED4.DE :
    * SIGNIFICANT INCREASE IN REVENUE AND EARNINGS IN 2021 - 
OUTLOOK
FOR 2022 CONFIRMED
    * FY DIVIDEND OF EUR 0.20 PER SHARE PROPOSED
    * FY ADJUSTED EBIT INCREASES TO EUR 30.6 MILLION
    * CONTINUED GROWTH FOR 2022 PROJECTED
    * FY REVENUE UP BY 5.7%
    * FY EARNINGS AFTER TAXES IN FISCAL 2021 WERE UP TO EUR 11.4
MILLION ACCORDINGLY (PREVIOUS YEAR: EUR -23.4 MILLION)
    * FY FREE CASH FLOW WAS AT EUR 5.2 MILLION FOR FULL YEAR
(PREVIOUS
YEAR: EUR 134.6 MILLION)
    * OUTLOOK 2022: REVENUE IS EXPECTED TO GROW BY AROUND 6
PERCENT TO
9 PERCENT
    * OUTLOOK 2022: ADJUSTED EBIT MARGIN IS EXPECTED IN A RANGE
OF
AROUND 6 PERCENT TO 8 PERCENT
    * OUTLOOK 2022: INVESTMENT RATE IS EXPECTED IN A RANGE OF
AROUND 4
PERCENT TO 5 PERCENT

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))