Progress-Werk Oberkirch (PWO) Unveils Preliminary Financials for 2023

• PWO reports provisional figures for 2023 - Revenue for 2023: EUR 555.7 million - EBIT before currency effects for 2023: EUR 28.1 million - Capital expenditure for 2023: EUR 26.5 million - Lifetime volume of new business for 2023: around EUR 845 million - Forecast for 2024 includes revenue of around EUR 570 million, EBIT before currency effects of EUR 29 million to EUR 32 million, and capital expenditure of around EUR 40 million
• Successful business performance in 2023 - Promising prospects for 2024 - PWO Group aims to continue success story in 2024 - Business model independent of internal combustion engines - Forecast for new business in 2024 lower than 2023 volume - Focus on reducing greenhouse gas emissions while maintaining growth in 2024
• Despite muted macroeconomic and sector expectations, clear revenue growth expected in 2024 - Start-up and ramp-up of series production from successful new business to support growth - Forecast for EBIT before currency effects in 2024: EUR 29 million to EUR 32 million - Investment of around EUR 40 million planned for 2024 fiscal year - Aim to reduce greenhouse gas emissions while maintaining growth in 2024
• PWO Group is a global company in the mobility industry - Focus on environmentally friendly mobility of the future - Expertise in climate-friendly lightweight construction - Corporate strategy summed up by the slogan PEOPLE. PLANET. PROGRESS. - Transparent and responsible corporate governance integral part of self-image - Final figures for 2023 fiscal year to be published on March 21, 2024
• Contact for Investor Relations & Corporate Communications: Charlotte Frenzel - Contact details: T. [phone], M. [e-mail] - PWO Group has 1,200 product solutions, 3,000 employees, 9 locations, and over 100 years of experience - Values-based employer with informal structures at a global level - Offer employees a meaningful environment for realizing personal prospects - Corporate strategy focused on PEOPLE. PLANET. PROGRESS.
• PWO Group aims to expand global market position, increase profitability, and decarbonize business in 2024 - Revenue forecast for 2024: around EUR 570 million - EBIT before currency effects forecast for 2024: EUR 29 million to EUR 32 million - Capital expenditure forecast for 2024: around EUR 40 million - Lifetime volume of new business forecast for 2024: EUR 550 million to EUR 600 million - Forecast for Scope 1 & 2 greenhouse gas emissions in 2024: 7,400 to 7,750 t

The price of Progress-Werk Oberkirch at the time of the news was 29,80EUR and did not change compared to the previous day.

Progress-Werk Oberkirch

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ISIN:DE0006968001WKN:696800

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