EQS-News: PWO Supervisory Board meeting to approve financial statements

PWO Supervisory Board meeting to approve financial statements

Carlo Lazzarini (CEO): “The landscape is changing, but the success factors remain the same. Time and again we have proven ourselves highly adaptable in recent years. We will continue, resolutely, to steer a course through this increasingly complex environment.”

• Provisional figures for fiscal 2024 confirmed
• Stable dividend of EUR 1.75 per share proposed
• 2025 guidance subject to further global economic disruptions

Oberkirch, March 21, 2025 – The Supervisory Board of PWO AG reviewed, discussed and approved the annual financial statements and consolidated financial statements for fiscal 2024 at its meeting yesterday. As such, the annual financial statements of PWO AG have been adopted. The provisional figures for fiscal 2024 reported on February 20, 2025 are confirmed.

The PWO Group’s key performance indicators evolved as follows in fiscal 2024:

• Revenue: EUR 555.1 million (p/y: EUR 555.8 million)
• EBIT before currency effects: EUR 30.0 million (p/y: EUR 28.2 million)
• Capital expenditure: EUR 46.2 million (p/y: EUR 26.5 million)
• Free cash flow: EUR 33.3 million (p/y: EUR 11.3 million)
• Equity ratio: 37.5% (p/y: 37.0%)
• Net leverage ratio: 1.6 years (p/y: 2.1 years)
• Lifetime volume of new business: around EUR 630 million (p/y: around EUR 845 million)
• Scope 1 and 2 greenhouse gas emissions: 6,287 t (p/y: 9,417 t)

PWO performed well in fiscal 2024. At the same time, geopolitical and economic uncertainties for the automotive industry and the global economy increased significantly after Donald Trump took office in the U.S. The Executive Board and the Supervisory Board will therefore propose to the Annual General Meeting in 2025 not to increase the dividend and to pay an unchanged dividend of EUR 1.75 per share.

In addition, we are publishing the following guidance for fiscal 2025, which reflects our assessment before the new U.S. administration took office. It will be updated as soon as we can make a reliable assessment of the Group’s foreseeable business performance.

• Revenue: around EUR 530 million
• EBIT before currency effects: EUR 23 million to EUR 28 million
• Capital expenditure: around EUR 40 million
• Free cash flow: Positive in the low single-digit million EUR range
• Equity ratio: flat
• Net leverage ratio: < 2.5 years
• Lifetime volume of new business: EUR 550 million to EUR 600 million
• Scope 1 and 2 greenhouse gas emissions: 6,275 to 7,650 t

PWO is well-positioned worldwide, with 10 sites across 6 countries. The high level of new business we have acquired in recent years, the efficiency of our sites, our solid financial resources and our continuously refined control mechanisms speak for themselves. We therefore plan to continue expanding our market position despite a weakening market environment. Our business model, which is entirely independent of internal combustion engines, and the rigorous implementation of our decarbonization strategy will play a key role in this. Specific measures are planned as part of this strategy but have yet to be implemented. We therefore expect greenhouse gas emissions to remain stable or even increase temporarily in fiscal 2025.

However, the global economic upheavals prompted by U.S. policy and other countries’ responses to it will be pivotal to developments in fiscal 2025. We are fully focused on adapting to the changing situation promptly and systematically.

The 2024 Annual Report is scheduled for publication on March 28, 2025. All PWO Group reports are published on our website at https://www.pwo-group.com/en/investors-press/news-publications/reports/.
 

PWO AG

The Executive 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, Germany
pwo-group.com

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 product solutions | 3,500 employees | 10 locations | Over 100 years of experience

We are a global company in the mobility industry helping to shape the environmentally friendly mobility of the future through innovation and positioned to be entirely independent of combustion engines.
Our expertise in climate-friendly lightweight construction makes us a technology leader, combining cost-effectiveness with sustainability. We engineer and manufacture sophisticated metal components and complex systems at the limits of what is technologically feasible. We meet the challenges of our times with innovative and sustainable concepts and an overriding aim to seize the opportunities they present.

As a value-oriented employer with family-like structures at a global level, we offer our employees a rewarding environment in which to realize their personal potential. Transparent and responsible corporate governance is an essential part of who we are.

Our corporate strategy is summarized in the motto PEOPLE. PLANET. PROGRESS.