DGAP-Ad hoc: EDAG Engineering Group AG

Although the overall market environment, which is especially characterized by continued high R&D-budgets of the EDAG customers, is intact, the previous-year results could not be reached.

The lower development is primarily due to the following reasons:

• The pricing pressure from the previous quarter continued in Q2 and could not be compensated by new international business.
• For the realignment of the personnel structure, with regard to future customer requirements, one-time expenses occurred.
• Significantly increased ramp-up costs led to devaluation of several projects at EDAG Mexico.

Without these special effects, the result of the previous-year could have been reached.

The sales guidance for 2017 remains unchanged; the company expects a growth of up to 5%.
For the first six months of 2017, sales are expected to be roughly 3% below the previous-year's figures but will be overcompensated in H2 2017. The adjusted EBIT^[1] margin in H1 was at about 4%.

The final numbers for H1 2017 will be published on August 17^th, 2017.
 

^[1] For a definition of "adjusted EBIT" please see annual report 2016
Contacts:

Sebastian Lehmann
Head of Investor Relations

EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Schweiz
Tel.: +41 (0)71 544 33 - 11
Fax: +41 (0)71 544 33 - 10
ir@edag-group.ag
ir.edag.com
Contacts in Germany:

EDAG Engineering GmbH
Kreuzberger Ring 40
65205 Wiesbaden
Tel.: +49-611-7375-168
Mobile: +49-175-8020226
Email: Sebastian.Lehmann@edag.de
www.edag.de