Dowlais - Innovative and transformative Engineering

[Oginvest]

Barclays starts coverage of Dowlais at 'overweight'

Barclays initiated coverage of Dowlais on Friday with an ‘overweight’ rating and 110p price target.

"We believe that Dowlais ‘ticks the right boxes’, screening strongly against several key criteria that we expect investors to look for in 2024 in the EU Supplier space, including strong earnings momentum, an attractive powertrain story, and possible corporate actions," the bank said.

Automotive engineer Dowlais was spun off from Melrose Industries in April 2023 so that it could concentrate on the GKN Aerospace business.

At 0935 GMT, the shares were up 4.7% at 92.06p.

https://www.pilling.co.uk/home/profiles/news-and-research/ex…

[Oginvest]

When Will Dowlais Group plc (LON:DWL) Become Profitable?

We feel now is a pretty good time to analyse Dowlais Group plc's business as it appears the company may be on the cusp of a considerable accomplishment. Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia.

The UK£1.5b market-cap company’s loss lessened since it announced a UK£82m loss in the full financial year, compared to the latest trailing-twelve-month loss of UK£64m, as it approaches breakeven. As path to profitability is the topic on Dowlais Group's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.

According to the 9 industry analysts covering Dowlais Group, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of UK£67m in 2025. So, the company is predicted to breakeven approximately 2 years from today. ...

https://simplywall.st/stocks/gb/automobiles/lse-dwl/dowlais-…
Published December 28, 2023

[Oginvest]

GKN automotive owner Dowlais keeps forecast despite UAW strike hit

Nov 9 (Reuters) - British auto supplier Dowlais Group (DWL.L) maintained its annual outlook on Thursday after counting the cost of the union workers strikes in the U.S. against automakers, saying it had been able to absorb the hit by bolstering its margins.
...

https://www.reuters.com/business/autos-transportation/gkn-au…

[Oginvest]

GKN Automotive owner Dowlais retains 2023 outlook after strong first half

Sept 12 (Reuters) - GKN Automotive owner Dowlais Group (DWL.L) on Tuesday maintained its 2023 outlook and said its first-half performance was ahead of its expectations on the back of robust margins and the rapid transition to electric vehicles.

The car parts supplier, reporting its first set of results after it was spun-off from Melrose Industries (MRON.L) in April, said its adjusted operating profit rose about 39% to 177 million pounds ($221.41 million) for the six-month period ended June 30.

"We have also secured record new business bookings, the majority of which are related to EVs, at attractive margins," CEO Liam Butterworth said in a statement.

GKN Automotive, which makes the lion's share of the group revenue, supplies drive system technologies to the likes of Ford (F.N), General Motors (GM.N), Volkswagen (VOWG_p.DE), Geely (0175.HK) and Toyota (7203.T).

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https://www.reuters.com/business/autos-transportation/gkn-au…

[Oginvest]

GKN Automotive Completes Construction of New Production Facility in Hungary

- Construction of a new GKN Automotive production facility near Miskolc, Hungary has now been completed
- New Hungarian site enables GKN Automotive to remain close to its OEM customers
- It will be responsible for producing sideshafts

London, UK (11 September 2023) - GKN Automotive, the global leader in drive systems, has completed construction of a new manufacturing facility in Felsőzsolca near Miskolc, north-eastern Hungary, to remain close to its OEM customers and maintain its market-leading position.

The automotive industry has become a dominant industry in Hungary, with 420,000 cars and 1.9 million engines produced every year. With many of its current and potential OEM customers already present in the region, GKN Automotive’s new site will allow car manufacturers to benefit from a leading tier one supplier within close proximity.

The site, which will be in operation in October 2023, will be responsible for producing sideshafts. GKN Automotive estimates the site will produce approximately 230,000 sideshafts for customers between October and December 2023, with further capacity expected to follow. By increasing the production of components used in electric vehicles, GKN Automotive can continue to drive the transition to electrification.

....
https://www.gknautomotive.com/en/media-centre/news-releases/…

[Oginvest]

Antwort auf Beitrag Nr.: 73.803.862 von Oginvest am 07.05.23 19:11:52

Eventuell ein zukünftiger, weiterer Business-Bereich, eine Erweiterung, für Dowlais?

Continental prüft Verkauf von Teilen Contitechs

...
Das noch in Contitech steckende Autozuliefergeschäft mit Produkten wie Riemen und Dichtungssystemen solle verkauft werden. In den kommenden beiden Jahren solle dieser Teil von Contitech, der mehr als zwei Milliarden Euro Umsatz erziele, abgetrennt werden.

https://www.ndr.de/nachrichten/niedersachsen/hannover_weser-…

[Oginvest]

Exclusive: Rare earths magnet firms turn to Vietnam in China hedge

Korean firm plans factory that alone could meet half U.S. demand
Chinese Apple supplier to open magnet plant this year -sources
Vietnam's rare earths deposits second only to China's
China dominates world's magnet supply

HANOI/SEOUL, Aug 22 (Reuters) - Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S. tension.

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https://www.reuters.com/markets/commodities/rare-earths-magn…

[Oginvest]

Dowlais reports healthy bookings from electric vehicle sector in first quarter

Shares in Dowlais Group PLC (LSE: DWL) reached a new high after the spin-out from Melrose last month as the automotive engineer reported revenue growth from the battery electric vehicle (BEV) sector and confidence about growing profit margins.

The owner of the GKN Automotive and GKN Powder Metallurgy businesses said it was an “encouraging start” to 2023, increasing confidence in expanding adjusted operating margins in the full year, though full-year guidance remained unchanged.

The first four months of the year produced £1.9bn of adjusted revenue, up 9% on a constant currency basis, with margins in line with those delivered for full-year 2022 but up more than 200 basis points over the same period of the prior year.

While Powder Metallurgy saw revenues and margins roughly flat year-on-year, Automotive was more positive, with 11% revenue growth resulting in “significant operating margin expansion” year-on-year and slightly above full-year 2022.

“Bookings were healthy with the majority relating to BEV platforms, underlining our strong market position as the transition to electrification continues,” the FTSE 250-listed group said.

...

https://www.proactiveinvestors.co.uk/companies/news/1015752/…

[Oginvest]

Nach dem Wegfall, der nun unter Dowlais geführten Geschäftsbereichen, gibt es bei Melrose Industries wohl jetzt eine, in der langen Historie des Unternehmens, einmalige Veränderung, vom "Verwalter" (kaufen > optimieren > verkaufen) zum Melrose Aerospace Unternemen. Wobei einige der ursprünglichen Mitarbeitenden auch eine neue "Melrose" gründen könnten, um ihr Geschäftsmodell weiterhin in gewohnter Art führen zu können.

10 May 2023 07:00 - Melrose Industries PLC (“Melrose”) publishes the following trading update for the first four months of the year to 30 April 2023 (the “Period”). All numbers are calculated at constant currency and exclude the businesses recently demerged under Dowlais Group PLC.

Following completion of the demerger, Melrose is an aerospace business and will report as two divisions: Engines and Structures. For the first time Melrose introduces written trading guidance for the current year.
https://www.wallstreet-online.de/diskussion/1368497-1-10/mel…

[Oginvest]

Ein Bericht vom July 20, 2022:

GKN Powder Metallurgy to begin production of permanent magnets for electric vehicles


A dedicated Magnets project team now operates out of the company’s Innovation Centres in Cinnaminson, USA, and Radevormwald, Germany (pictured) (Courtesy GKN Powder Metallurgy)

GKN Powder Metallurgy has announced it will begin manufacturing permanent magnets specifically for the electric vehicle market, with significant investment planned to establish capacity for up to 4,000 tonnes per year by 2024.

As a leading manufacturer of metal powders and Powder Metallurgy parts, the company states it is uniquely positioned to leverage its extensive experience in supplying the automotive industry, its existing OEM partnerships, its established manufacturing processes, and its global production footprint.


GKN Powder Metallurgy has a global footprint, with specialist production facilities in North America and Europe (Courtesy GKN)

GKN is said to be entering the market in response to associated supply challenges the industry is now facing, and believes it is well positioned to meet the increasing demand for a stable, local supply of permanent magnets, which are a vital component of EV motors.

Significant progress in product development has been made and the business is now entering the phase of industrialisation planning. A dedicated Magnets project team, bringing together multidisciplinary experts, operates out of the company’s Innovation Centres for metal powders in Cinnaminson, USA, and for Powder Metallurgy manufacturing in Radevormwald, Germany.

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https://www.pm-review.com/gkn-powder-metallurgy-to-begin-pro…