on EDAG Engineering Group AG (ETR:CH030369)
EDAG Engineering Group AG Faces Revenue Decline Amid Market Challenges
EDAG Engineering Group AG has reported a challenging first half of 2025, experiencing a 14.5% decrease in revenues, down to €366.7 million. The economic downturn in the mobility sector contributed to underperformance across all segments, resulting in a negative EBIT of €-7.5 million. Order intake also saw a reduction by 15.3% compared to last year.
In response to these market challenges, EDAG is intensifying its focus on restructuring and enhancing productivity and efficiency. The expansion of Global Delivery locations, especially in India, aims to support sustainable growth. Recent developments include the opening of a new Indian site and hosting an international Smart Industry Summit.
Amidst these challenges, the company has expanded its defence sector engagements, noting a 50% increase in revenues. Despite these initiatives, the full-year revenue expectation has been adjusted downward, reflecting ongoing market uncertainties.
R. P.
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