EQS-News

PWO Supervisory Board meeting to approve financial statements - Seite 2

Further improvements in revenue and EBIT expected in 2024

We also confirm the key data for the 2024 forecast published on February 22, 2024 and specify the expectations for other key performance indicators.

• Revenue: around EUR 570 million
• EBIT before currency effects: EUR 29 million to EUR 32 million
• Capital expenditure: around EUR 40 million
• Free cash flow: in the mid single-digit positive million euro range
• Equity ratio: sideways
• Net gearing ratio: < 2.5 years
• Lifetime volume of new business: EUR 550 million to EUR 600 million
• Scope 1 & 2 greenhouse gas emissions: 7,400 to 7,750 t

We have continued to extensively develop the PWO Group both strategically and operationally in recent years and are convinced that the positive trend will continue in the future. By establishing a new production site in Serbia, we are strengthening our presence in Eastern Europe in the vicinity of important customers and investing in an important growth region for the European mobility industry. Despite the tense geopolitical situation, we are cautiously optimistic about the future.

Our forecast is still based on the assumption 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.

The publication of the 2023 Annual Report is scheduled for March 28, 2024. All reports of the PWO Group are published on its website at https://www.pwo-group.com/en/investors-press/news-publications/reports ....
 

PWO AG

The Executive Board

 

Contact:
Charlotte Frenzel

Investor Relations & Corporate Communications
phone [phone]
e-mail [e-mail]

 

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