EDAG Engineering Group AG Faces Q1 2025 Revenue Decline Amid Market Challenges

In the first quarter of 2025, EDAG Engineering Group AG reported a decrease in revenue due to market uncertainties, with Q1 revenue at EUR 192.6 million, down from EUR 217.5 million in the previous year. The company's adjusted EBIT remained slightly positive at EUR 1.6 million, marking a significant drop from the prior year's EUR 13.4 million.

The order backlog increased modestly to EUR 406.5 million despite a reduction in order intake from EUR 271.1 million to EUR 229.7 million. This reflects cautious project assignments by customers within the automotive industry.

CEO Harald Keller remains optimistic about future prospects, citing growth potential in new focus industries and expressing confidence in opportunities within the automotive sector. Nonetheless, the company expects challenges to persist, with a revenue decline of up to 8% and an adjusted EBIT margin projected to reach up to 3% in 2025.