EDAG Engineering Group (ETR:ED4) Third Quarter 2022 Results
Key Financial Results
- Revenue: €214.2m (up 24% from 3Q 2021).
- Net income: €7.06m (flat on 3Q 2021).
- Profit margin: 3.3% (down from 4.1% in 3Q 2021). The decrease in margin was driven by higher expenses.
- EPS: €0.28 (in line with 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EDAG Engineering Group Earnings Insights
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company’s shares are up 2.5% from a week ago.
You still need to take note of risks, for example – EDAG Engineering Group has 1 warning sign we think you should be aware of.
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