===
EQS-News: EDAG Engineering Group AG / Key word(s): Quarter Results/Development of Sales
Solid results: Revenue, adjusted EBIT and free cash flow increase
2024-05-08 / 07:05 CET/CEST
The issuer is solely responsible for the content of this announcement.
Press release
EDAG Engineering Group AG:
Solid results: Revenue, adjusted EBIT and free cash flow increase
. Revenue grows by 2.9% to EUR 217.5 million
. Adjusted EBIT increases to EUR 13.4 million, adjusted EBIT margin stable at 6.1%
. Significant increase in free cash flow to EUR 26.3 million

Arbon, 08. May 2024. EDAG, leading independent engineering services provider to the global mobility industry and
technology developer for industrial solutions, confirms its growth course with a solid increase in revenue. At 217.5
million euros, Group sales revenue was 2.9% above the previous year's level of 211.4 million euros. The Vehicle
Engineering and Production Solutions segments contributed to sales growth in the first quarter with +2.9% and +24%
respectively. The Electrics/Electronics segment was unable to continue the strong growth of recent quarters, recording
a decline in turnover of 3.4%.
Adjusted Group EBIT amounted to 13.4 million euros (previous year: 13.0 million euros). The adjusted EBIT margin was
stable at 6.1% at the previous year's level. The earnings performance in the first quarter is therefore in line with
expectations for the full year 2024. Free cash flow increased from EUR 7.3 million to EUR 26.3 million in the first
quarter. "This is an excellent result that underlines the strong operating performance under challenging conditions,"
emphasizes Holger Merz, CFO of the EDAG Group.
As of March 31, 2024, the company had 9,061 employees worldwide (previous year: 8,529 em-ployees).
The EDAG Group expects further growth and stable earnings development for the 2024 financial year. In addition to the
opportunities, the forecast is also associated with risks that arise primarily from changes in market developments for
our customers and, as a result, for us. Geopolitical uncertainties, the development of energy prices and wage costs as
well as the availability of sufficiently qualified personnel also have an influence on this.
Revenue is expected to grow by around 4 percent to around 6 percent.
The adjusted EBIT margin is expected in a range of around 5 percent to around 6 percent.
The investment ratio is expected to be in a range of around 4 percent.


About the EDAG Group
The EDAG Group is a globally leading, independent engineering services provider that combines excellent engineering
with the latest technology trends.
With a global network of some 70 branches, the EDAG Group realizes projects in the Vehicle Engineering, Electrics/
Electronics and Production Solutions segments. Drawing on more than 50 years of engineering experience, EDAG's
proprietary 360-degree development approach has become a hallmark of quality in the holistic development of vehicles
and smart factories. The company's interdisciplinary expertise in the areas of software and digitization provides it
with crucial skills to actively shape dynamic transformation processes as an innovative partner.
With an interdisciplinary team of around 8,900 experts, the EDAG Group develops unique mobility and industrial
solutions for customers that include the world's leading automotive and non-automotive companies. The company is listed
on the stock exchange since 2015 and generated revenues of EUR 844 million in 2023.
For more information, see the EDAG Group website: www.edag.com



Contacts:
Public Relations
Felix Schuster
Head of Marketing & Communications

Mobile:    +49 (0) 173 - 7345473 
Mail:       pr@edag.de 

www.edag.com

Investor Relations
Christian Schütze
Head of Investor Relations

Phone:  +49 (0) 611- 7375 360 
Mobile:    +49 (0) 175- 8020 226 
Mail:        ir@edag-group.ag 

www.edag.com



Forward-looking statements
This release contains forward-looking statements. These statements are based on current estimates and projections of
the 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.


2024-05-08 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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, 

Hamburg, Munich, Stuttgart
EQS News ID: 1896679

End of News EQS News Service
===
1896679 2024-05-08 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1896679&application_name=news

END) Dow Jones Newswires

May 08, 2024 01:05 ET (05:05 GMT)