EQS-News 105 0 Kommentare PWO reports provisional figures for 2023 - Seite 2

Further improvements in revenue and EBIT expected in 2024

The key figures in our forecast for 2024 are as follows:

Revenue: around EUR 570 million
EBIT before currency effects: EUR 29 million to EUR 32 million
Capital expenditure: around EUR 40 million
Lifetime volume of new business: EUR 550 million to EUR 600 million
Scope 1 & 2 greenhouse gas emissions: 7,400 to 7,750 t

Despite muted macroeconomic and sector expectations, we expect the PWO Group to generate clear revenue growth in the 2024 fiscal year. The start-up and ramp-up of series production from the successful new business in recent years are set to shore up growth, while passing on declining material prices to customers will likely have a negative impact. EBIT before currency effects is expected to fall within a range of EUR 29 million to EUR 32 million. We expect to see higher income, especially at our international locations.

To safeguard the growth that is anticipated in the next few years and establish our production site in Serbia, we intend to invest around EUR 40 million in the 2024 fiscal year, far more than in the reporting year.

The forecast for new business in 2024 is lower than the volume achieved in 2023. There are two main reasons for this: Firstly, we want to safely and efficiently scale up the many new start-ups planned for the years ahead to series production. Secondly, we also want to be able to closely manage our investments in the future as a precautionary measure.

Our aim is to continue to systematically reduce greenhouse gas emissions while maintaining the PWO Group’s growth. A further increase in the proportion of green electricity is set to play a key role in this respect in the 2024 fiscal year.

Our forecast is based on the assumptions that 2024 will see no major disruption to supply chains, e.g. due to geopolitical tensions or economic sanctions, that energy will be available in sufficient quantities, and that there will be no significant deviations from the anticipated price developments.