EDAG Cuts 2026 Revenue Outlook, Expects Decline of Up to Around 10%
Bitget2026/11/05 06:21- EDAG cut its 2026 revenue outlook to a decline of up to around 10%, citing weak automotive demand.
- Adjusted EBIT margin guidance remains unchanged at up to around 3%; the investment rate is expected at 2%-3%.
- Lower project call-offs and increased insourcing weigh on demand; a full fourth-quarter recovery of the revenue shortfall is no longer expected.
- Nine-month revenue fell 8.8% to EUR 498.7 million; adjusted EBIT reached EUR 4.7 million.
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