DGAP-News

PWO reports figures for the second quarter and the first half year of 2013 - Seite 2

point the earning's contributions will be recognized.


This mainly concerns the German location which is also affected by the
current weakness of the European automotive market and from the significant
increase in energy and staff costs. Measures to counteract these strains
have been implemented.


The Mexican location was stabilized and is currently working at the
break-even level. The profitability of this location is successively being
improved. We are also optimistic that we will reach the break-even point in
China very soon, not only as a result of the high growth in the series
business, but also due to the increased use of this location by the Group
for tool production.

We remain confident that in the second half of the current fiscal year we
will exceed the revenues and EBIT figures of the first half and
consequently confirm our forecasts for 2013. We continue to expect an
increase in revenues of 8 percent to approximately EUR 390 million. EBIT
should be in the order of EUR 23 million. We particularly expect higher
overall revenues and profits compared to the prior year from our
international locations. These are expected to increase their EBIT to more
than EUR 6 million (p/y: EUR 3.7 million).


Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is one of the world's leading suppliers of advanced metal components
for automobile safety and comfort. The company has developed a unique
knowledge in the forming and joining of metals over the course of its over
90-year history since it was founded in 1919. The German location at
Oberkirch today employs over 1,500 staff members. The Group is globally
represented with further sites in Canada, the Czech Republic, China and
Mexico employs approximately 3,100 staff members around the world.

PW0 is a partner to the global automotive industry for the development and
production of innovative products in the areas of 'Mechanical components
for electrical and electronic applications', 'Safety components for
airbags, seats and steering' and 'Components and systems for vehicle bodies
and chassis'.


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Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.progress-werk.de
ISIN: DE0006968001
WKN: 696800
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München


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