EQS-News: E-mobility joint venture in India in full swing, promising talks on market development in neighboring countries
EQS-News: FRIWO AG
/ Key word(s): Miscellaneous/Miscellaneous
E-mobility joint venture in India in full swing, promising talks on market development in neighboring countries
New Indian government support program could generate additional demand The joint venture can also hope for extensive support from the Indian government. The existing government program to promote electric vehicles, FAME (Faster Adoption and Manufacturing of Electric Vehicles), is set to be significantly expanded for a third time. A budget of almost 100 billion Indian rupees (equivalent to around 1 billion euros) is said to be earmarked for this. According to rumors, the plan is to be implemented within the first 100 days after the new government, which has just been elected, takes office. Among other things, FAME III is intended to offer financial incentives for the purchase of electric two- and three-wheeled vehicles. The joint venture is already a market leader in e-mobility drive solutions for two- and three-wheelers in India and is aiming for a substantial share of the market volume, which is expected to reach around 4.5 million vehicles by 2027. According to experts, the aforementioned support measures and initiatives by the Indian government to combat massive environmental pollution should increase the share of vehicles with electric drives to around 15% of the total market potential for two- and three-wheelers. “We are very satisfied with the development of our India joint venture. Mass production for several customers has already started at our new production plant and we are in advanced development projects with others. The Indian government’s new incentive program for more electromobility, which is expected in the near future, should further support our growth ambitions. In addition, as announced, we are also in good talks regarding the expansion of our involvement in other Southeast Asian countries such as Indonesia and Vietnam,” commented Rolf Schwirz, CEO of FRIWO AG. FRIWO can expect increasing license and investment income FRIWO will receive license income of 4% from the joint venture for the contribution of its unique technological expertise in electric drive systems once the break-even point is reached. As a result, the company can expect a significant increase in license and investment income in the coming years. As announced, this is unlikely to reach a significant level in the current financial year, even against the backdrop of the necessary start-up investments. Great market potential in other Southeast Asian countries Similar to India, other nations in Southeast Asia are also increasingly striving to significantly increase the share of electromobility in road transportation. This applies in particular to Indonesia and Vietnam, where FRIWO is in advanced talks regarding the initiation of partnerships with regional two- and three-wheeler manufacturers and is also planning to outsource parts of its production to its existing Indian joint venture partner UNO MINDA. The resulting great market potential is also supported by the efforts of the leading Japanese vehicle manufacturers in the region to establish a standardized range of solutions for their two- and three-wheelers for the Asian markets and possibly even worldwide. FRIWO already has successfully established customer contacts here via the Indian joint venture. However, significant revenue is not expected until 2026 at the earliest, although this would be directly attributable to FRIWO depending on the planned cooperation with regional partners and would not be recognized as license income. Contact investor relations and media FRIWO AG Peter Dietz
About FRIWO: FRIWO AG, listed in the General Standard of the Frankfurt Stock Exchange and headquartered in Ostbevern/Westphalia, is an international manufacturer of technically leading chargers and e-drive solutions. FRIWO offers a whole range of applications with customized systems from a single source. Founded in 1971, the company has evolved from a supplier of power supply products to a full-range provider of sophisticated and customized solutions for electromobility. Today, the product portfolio includes not only high-quality power supply solutions, but also battery charging solutions for a wide range of applications. In addition, all components of a modern electric drive solution are also available: from the display to the motor control and drive unit to the control software. With modern development centres, production facilities and sales locations in Europe, Asia and the USA, FRIWO is present in all the world’s major markets. FRIWO’s most important customers are leading brands in their respective markets and rely on FRIWO products to provide their customers with the highest quality. The main shareholder of FRIWO AG is a subsidiary of VTC GmbH & Co. KG, Munich. For more information, please visit our website at https://www.friwo.com
12.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | FRIWO AG |
Von-Liebig-Straße 11 | |
48346 Ostbevern | |
Germany | |
Phone: | +49 (0)2532 81-0 |
Fax: | +49 (0)2532 81-129 |
E-mail: | ir@friwo.com |
Internet: | www.friwo.com/de/about/investor-relations/ |
ISIN: | DE0006201106 |
WKN: | 620110 |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1922929 |
End of News | EQS News Service |
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1922929 12.06.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 120,53 | 95,76 | 99,36 | 100,55 | 184,87 | 111,08 | 92,00 | |
EBITDA1,2 | 10,79 | -11,25 | 0,40 | -4,09 | 8,72 | -2,51 | 1,20 | |
EBITDA-Margin3 | 8,95 | -11,75 | 0,40 | -4,07 | 4,72 | -2,26 | 1,30 | |
EBIT1,4 | 7,53 | -15,60 | -3,85 | -7,97 | 4,31 | -7,37 | -3,60 | |
EBIT-Margin5 | 6,25 | -16,29 | -3,88 | -7,93 | 2,33 | -6,64 | -3,91 | |
Net Profit (Loss)1 | 5,33 | -11,33 | -5,51 | -10,55 | 0,51 | -11,08 | -5,60 | |
Net-Margin6 | 4,42 | -11,83 | -5,55 | -10,49 | 0,28 | -9,98 | -6,09 | |
Cashflow1,7 | 2,04 | 1,47 | -3,10 | -17,74 | -2,81 | 4,16 | 0,00 | |
Earnings per share8 | 0,69 | -1,47 | -0,72 | -1,37 | 0,06 | -1,29 | -0,65 | |
Dividend per share8 | 0,40 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Rödl & Partner
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INVESTOR-INFORMATION | ||||||
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Friwo | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
620110 | DE0006201106 | AG | 188,20 Mio € | 08.09.1977 | Halten | 9F492VQ2+MQ |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
23,16 | 32,38 | 0,72 | -82,71 | 14,77 | 45,26 | 1,69 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
05.06.2025 | 08.05.2025 | 14.08.2025 | 07.11.2024 | 24.04.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-5,06% | -12,04% | -26,17% | -20,86% | +0,00% |
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