EDAG Engineering Group AG: Strong Revenue Growth and Margin Boost in Nine Months

• EDAG Engineering Group AG reported solid revenue growth and margin improvement after nine months of 2023
• Revenue grew by 6.5% to EUR 628.2 million, with EBIT growing by 12.3% to EUR 42.5 million
• Earnings after taxes also increased compared to the previous year, reaching EUR 23.6 million
• The growth was primarily driven by developments in the Electrics/Electronics segment, which increased revenue by 16.7%
• The company's EBIT margin rose to 6.8%, with the adjusted EBIT margin at 6.5%
• EDAG expects further growth and stable earnings development for the 2023 financial year, with revenue growth projected to be around 5 to 6%.

The next important date, Publication of quarterly financial report (as of Q3), at EDAG Engineering Group is on 09.11.2023.