PWO AG
ISIN: DE0006968001
WKN: 696800
13 November 2024 08:00AM

EQS-News: PWO Group on track in the nine-month period of 2024

PWO AG · ISIN: DE0006968001 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2027745

EQS-News: PWO AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
PWO Group on track in the nine-month period of 2024

13.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


PWO Group on track in the nine-month period of 2024

Carlo Lazzarini (CEO): "We have done our homework in recent years and strengthened our resilience. That is why we can continue to pursue our corporate strategy even in challenging times."

  • The strong new business of recent years is currently offsetting weaker customer call-offs
  • Our forecasts for revenue, earnings and balance sheet key figures in the 2024 financial year can be confirmed
  • New business exceeds expectations


Oberkirch, November 13, 2024 – The PWO Group is actively implementing its future-oriented corporate management. Weaker customer call-offs are currently slowing our growth and affecting EBIT in addition to start-up costs. However, well-established control mechanisms allow us to respond effectively on the cost side as well. This underscores our ability to quickly adapt the company to the respective market conditions.

In the nine-month period of 2024, the following key figures were achieved in the PWO Group:

  • Revenue: EUR 421.2 m (previous year: EUR 417.3 m)
  • EBIT before currency effects: EUR 22.1 m (previous year: EUR 23.9 m)
  • EBIT including currency effects: EUR 21.6 m (previous year: EUR 23.6 m)
  • Net income for the period: EUR 9.7 m (previous year: EUR 13.0 m)
  • Capital expenditure: EUR 24.4 m (previous year: EUR 18.2 m)
  • Free cashflow: EUR 22.8 m (previous year: EUR 8.9 m)
  • Equity ratio: 36.0 percent (12/31/2023 37.0 percent)
  • Lifetime volume of new business: around EUR 525 m (previous year: around EUR 810 m)

Beyond the careful management of our current business, our efforts are primarily focused on taking advantage of market opportunities. In the nine-month period, we were again very successful in new business and see ourselves well positioned for further customer awards in the fourth quarter. Therefore, we can increase our new business forecast for the current financial year and now expect a lifetime volume of around EUR 630 to 680 million (previously: around EUR 550 to 600 million). With this, we want to achieve a high volume again, even though various customer projects are currently being postponed and will only be awarded in 2025.

The ramp-up of our new engineering and production site in Serbia and the further expansion of our two Czech sites are on schedule. This will make Eastern Europe an important production focus for the PWO Group in the future. Manufacturing at the group's German home location in Oberkirch is also being further adapted to the requirements of the future and has been strengthened by significant new business in the nine-month period, as have all our other locations. In addition, our product range has been expanded to include components for braking systems, and we have been able to win new customers who we will supply in China and Mexico in the future.

Our development is based on the solid foundation of a strong balance sheet and a consistently high free cash flow. We are continuously refining the control of the individual positions and thus releasing further resources.

The report for the nine-month period 2024 will be published on the PWO website at https://pwo-group.com/en/investors-press/news-publications/reports/.

PWO AG
The Board

 

Contact:
Charlotte Frenzel
Corporate Communications & Investor Relations
T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com

 

PWO AG
Industriestraße 8
77704 Oberkirch
pwo-group.com

 

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 product solutions | 3,000 employees | 10 locations | over 100 years of experience

We are a global company in the mobility industry that shapes the environmentally friendly mobility of the future through innovations and is completely positioned 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 manufacture sophisticated metal components and complex systems at the limit of what is technologically feasible. We meet the challenges of our time with innovative and sustainable concepts. Above all, we want to seize the opportunities that lie within it.

As a values-oriented employer with family-like structures on a global level, we offer our employees a meaningful environment for realizing their personal perspectives. Transparent and responsible corporate management is an essential part of our self-image.

Our corporate strategy is based on the motto PEOPLE. PLANET. PROGRESS. summarized.



13.11.2024 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: 2027745

 
End of News EQS News Service

2027745  13.11.2024 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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