EQS-News

EDAG Engineering Group AG: Continuous increase in sales and earnings in the 2023 financial year - significant increase in free cash flow to EUR 10.9 million - Seite 2

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.

"The EDAG Group once again developed positively in the 2023 financial year. We have made important progress in the areas of software and digitalization. Based on these competencies, we plan to continue to grow in a challenging environment in 2024," explains CEO Cosimo De Carlo.

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.

In view of the business performance in 2023, the Board of Directors will propose to the Annual General Meeting on June 19, 2024 that a dividend of EUR 0,55 per share be distributed for the 2023 financial year. This corresponds with the level of the previous year.

 

Selected key financial figures

(m€)	FY 2023	FY 2022
Group Revenues	844,3	796,1
Vehicle Engineering	484,9	475,7
Electrics/Electronics	262,4	228,3
Production Solutions	114,0	109,9
Group adjusted EBIT	52,6	50,5
Vehicle Engineering	34,7	33,9
Electrics/Electronics	15,3	14,9
Production Solutions	2,6	1,8
EAT	28,9	28,9
Trade Working Capital	139,2	101,4
CapEx	30,2	30,1
Free Cash-Flow	10,9	4,3
Net financial debt/assets [-/+]