EQS-News

PWO Supervisory Board meeting to approve financial statements

EQS-News: PWO AG / Key word(s): Annual Results/Dividend PWO Supervisory Board meeting to approve financial statements 21.03.2024 / 16:09 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

PWO Supervisory Board meeting to approve financial statements

Carlo Lazzarini (CEO): “We have pursued a shareholder-friendly dividend policy for many years. With the proposed increase for 2023 we are continuing this tradition.”

• Provisional figures for fiscal 2023 confirmed
• Dividend of EUR 1.75 per share (PY: EUR 1.65 per share) proposed
• 2024 forecast confirmed

Oberkirch, March 21, 2024 – The Supervisory Board of PWO AG reviewed, discussed and approved the annual financial statements and consolidated financial statements for fiscal 2023 at its meeting today. The annual financial statements of PWO AG have thus been adopted. The provisional figures for fiscal 2023 reported on February 22, 2024 are confirmed.

Provisional figures for 2023 confirmed

Key performance indicators of the Group developed as follows in fiscal 2023:

• Revenue: EUR 555.8 million (PY: EUR 530.8 million)
• EBIT before currency effects: EUR 28.2 million (PY: EUR 27.5 million)
• Capital expenditure: EUR 26.5 million (PY: EUR 19.8 million)
• Free cash flow: EUR 11.3 million (PY: EUR -5.8 million)
• Equity ratio: 37.0% (PY: 37.8%)
• Net leverage ratio: 2.1 years (PY: 2.3 years)
• Lifetime volume of new business: around EUR 845 million (PY: around EUR 890 million)
• Scope 1 & 2 greenhouse gas emissions: 9,417 t (PY: 11,772 t)

Due to the positive development in the 2023 fiscal year, the Executive Board and Supervisory Board will propose a dividend of EUR 1.75 per share at the Annual General Meeting. A dividend of EUR 1.65 per share was distributed for the previous year.