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DGAP-Media / 2018-06-06 / 08:30
*EDAG Engineering Group AG: Annual shareholders' meeting approves dividend
of 0.75 EUR per share - Board of Directors re-elected - Strong start into FY
2018 *
*Arbon, 6 June 2018. *The annual shareholders' meeting of EDAG Engineering
Group AG took place on June 5th 2018 in Zurich. Chairman of the Board Thomas
Eichelmann led the event and the Group Executive Management presented the
development of the financial year 2017.
Group revenues increased from 715 million Euros to 717 million Euros. The
adjusted EBIT levelled at 32.6 million Euros (previous year: 43.8 million
Euros). From the second half of 2017, a positive business dynamic started,
which is also confirmed in the current year. As a result, sales in the first
quarter of 2018 were up 8.3%. The adjusted EBIT increased by 9.1% in the
same period.
"International business in particular developed very well and contributed to
the growth in sales and earnings", explained Cosimo De Carlo, CEO of the
EDAG Group. "The market is developing dynamically and EDAG is very well
positioned for further growth in this environment."
The shareholders' meeting approved the group financial statements for 2017
and positively decided on the payment of a dividend of EUR 0.75 per share.
The dividend will be paid out from June 8th 2018.
The members of the Board of Directors as well as the Group Executive
Management have been exonerated. Moreover the Board of Directors and Mr.
Thomas Eichelmann as Chairman of the Board of Directors have been re-elected
for a further year.
Deloitte AG, Zurich, has been elected as auditor for the financial year
2018.
*About EDAG *
EDAG is an independent engineering services provider to the global
automotive industry. The company serves leading domestic and international
vehicle OEMs and sophisticated automotive suppliers through a global network
of about 60 sites in major automotive centres of the world.
EDAG offers complementary engineering services across its Vehicle
Engineering, Electrics/Electronics and Production Solutions businesses.
Based on these extensive capabilities, EDAG can support clients across the
entire value chain from the original design idea to product development and
prototype construction all the way to the delivery of turnkey production
systems. As a technology and innovation leader, EDAG also operates
established centres of excellence that design landmark technologies for
future applications in the automotive industry: lightweight construction,
electric mobility, car IT, integral safety and new production technologies.
In financial year 2017, the company generated revenues of EUR 717 million
and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404
employees (including apprentices) worked for EDAG in 19 countries.
*Press contacts:*
*Public Relations*
Christoph Horvath
Press Officer EDAG Group
Phone:+49 (0) 661- 6000 570
Mail: pr@edag.de
www.edag.de
*Investor Relations*
Sebastian Lehmann
Head of Investor Relations
Phone:+49 (0) 611- 7375 168
Mail: ir@edag-group.ag
ir.edag.de
*Forward-looking statements*
This release contains forward-looking statements. These statements are based
on current estimates and projections of EDAG Executive Board and currently
available information. They are not guarantees of future performance,
involve certain risks and uncertainties that are difficult to predict, and
are based upon assumptions as to future events that may not be accurate.
Many factors could cause the actual results, performance or achievements of
EDAG to be materially different from those that may be expressed or implied
by such statements. EDAG does not assume any obligation to update the
forward-looking statements contained in this release.
End of Media Release
Issuer: EDAG Engineering Group AG
Key word(s): Services
2018-06-06 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Phone: +41 71 54433-0
E-mail: ir@edag-group.ag
Internet: www.edag.com
ISIN: CH0303692047
WKN: A143NB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP Media
692393 2018-06-06
(END) Dow Jones Newswires
June 06, 2018 02:29 ET (06:29 GMT)
