PWO AG
ISIN: DE0006968001
WKN: 696800
28 May 2024 04:07PM

EQS-News: PWO AG continues growth

PWO AG · ISIN: DE0006968001 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1912919

EQS-News: PWO AG / Key word(s): Expansion/Strategic Company Decision
PWO AG continues growth

28.05.2024 / 16:07 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release

PWO AG continues growth

Carlo Lazzarini (CEO): "The PWO Group's momentum continues unabated: With our new site in Serbia, we are once again strengthening our market position."

  • Groundbreaking ceremony for new engineering and production site
  • First series production scheduled for end of 2025
  • Several series orders already won for the new site

Oberkirch, May 28, 2024 - In the presence of Serbian President Aleksandar Vučić, Ms. Konrad, German ambassador to Serbia, and the Mayor of the central Serbian city of Čačak, Milun Todorović, the PWO Group today celebrated the laying of the foundation stone for its new engineering and production site, which will form a technology cluster with the tooling company acquired in Serbia in 2023.

By the end of 2025, the first components and systems manufactured here will be delivered to customers from the PWO Group's tenth location.

For Carlo Lazzarini, CEO of the PWO Group, Serbia is a winner in the ongoing reorganization of the European mobility industry. "We believe in this location, as do many of our customers who have been engineering and producing here for several years.”

Numerous renowned European and international companies, also from the mobility industry, have established engineering and production facilities in Serbia in recent years. German companies alone currently employ several thousand people. While initially it was mainly labor-intensive production that was relocated to Serbia, companies are increasingly locating parts of their engineering and development in Serbia in addition to their production. This means that the country will also play an important role in shaping the mobility of the future.

The volume of inquiries PWO regularly receives from Eastern Europe is steadily increasing. Our locations in the Czech Republic will not be able to handle this volume in the future - despite the use of existing expansion options. That is why we needed another site in Eastern Europe.

The 100,000-square-meter plot in Čačak, which we acquired last year, will create more than 500 attractive jobs in the coming years. As a global company, we can also offer our future employees international prospects for their personal and professional development.

We also want to contribute to the development of the town of Čačak, for example by seeking partnerships with local schools and colleges, and by working with local companies and suppliers.

And it goes without saying that this new PWO Group site will operate with the smallest possible carbon footprint from the very beginning.
 

PWO AG

The Executive Board

 

Contact:
Charlotte Frenzel
Investor Relations & Corporate Communications

T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com

 

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 PRODUCT SOLUTIONS | 3,000 EMPLOYEES | 9 LOCATIONS | OVER 100 YEARS OF EXPERIENCE

We are a global company in the mobility industry that is helping to shape the environmentally friendly mobility of the future through innovations and is entirely independent of combustion engines.

With our expertise in climate-friendly lightweight construction, we are technology leaders and combine economic efficiency with sustainability. We develop and produce sophisticated metal components and complex subsystems at the frontiers of what is technologically feasible. We meet the challenges of our time with innovative and sustainable concepts. And above all, we aim to seize the opportunities they offer.

As a values-based employer with informal structures at a global level, we offer our employees a meaningful environment for realizing their personal prospects. Transparent and responsible corporate governance is an integral part of our self-image.

Our corporate strategy is summed up in the slogan PEOPLE. PLANET. PROGRESS.



28.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: PWO AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: +49 (0)7802 84-844
Fax: +49 (0)7802 84-789
E-mail: ir@pwo-group.com
Internet: www.pwo-group.com
ISIN: DE0006968001
WKN: 696800
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1912919

 
End of News EQS News Service

1912919  28.05.2024 CET/CEST

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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 476,27 458,62 371,15 404,27 530,76 555,84 570,00
EBITDA1,2 42,70 45,98 21,17 47,16 51,19 52,04 55,70
EBITDA-Margin3 8,97 10,03 5,70 11,67 9,65 9,36 9,77
EBIT1,4 18,43 19,93 -10,10 21,82 26,78 27,86 29,00
EBIT-Margin5 3,87 4,35 -2,72 5,40 5,05 5,01 5,09
Net Profit (Loss)1 6,64 9,10 -11,66 14,74 15,21 16,22 18,00
Net-Margin6 1,39 1,98 -3,14 3,65 2,87 2,92 3,16
Cashflow1,7 38,45 47,95 49,20 20,96 11,57 37,39 0,00
Earnings per share8 2,12 2,91 -3,73 4,72 4,87 5,19 4,00
Dividend per share8 1,35 0,00 0,00 1,50 1,65 1,75 1,75
Quelle: boersengefluester.de and Company information
Explanation

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: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
PWO
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
696800 DE0006968001 AG 94,38 Mio € 28.06.1978 Kaufen 8FWCH24P+V9
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
9,15 9,90 0,92 9,87 0,62 2,52 0,17
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,65 1,75 1,75 5,79%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
03.06.2025 15.05.2024 09.08.2024 13.11.2024 28.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,66%
30,20 €
ATH 58,80 €
+5,38% +1,87% +0,67% +1,34% +0,00%

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