PWO Group stays on track for success in the first half of the year - Seite 2

Based on the positive performance in the first half of 2024, we are raising our forecast for free cash flow and confirming our expectations for the other key performance indicators.

Our various initiatives to improve the liquidity-based management of the PWO Group are now bearing lasting fruit. Despite the planned increase in capital expenditure in the second half of the year, we are now assuming that we will be able to achieve a figure in the already double-digit million euro range in 2024 (previously: positive free cash flow in the mid-single-digit million euro range).

These forecasts are based on the assumptions that 2024 will not see any major disruptions in supply chains, for example 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 half-year financial report is published on the PWO website at https://www.pwo-group.com/en/investors-press/news-publications/press-releases/.

PWO AG
The Executive Board

 

Contact:
Charlotte Frenzel
Investor Relations & Corporate Communications

T. +49 179 / 6904 237
M. [e-mail]

 

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 PRODUCT SOLUTIONS | 3,000 EMPLOYEES | 10 LOCATIONS | 100+ YEARS OF EXPERIENCE

We are a global company in the mobility industry that is helping to shape the environmentally friendly mobility of the future through innovations and is entirely independent of combustion engines.

With our expertise in climate-friendly lightweight construction, we are technology leaders and combine economic efficiency with sustainability. We develop and produce sophisticated metal components and complex systems at the frontiers of what is technologically feasible. We meet the challenges of our time with innovative and sustainable concepts. Above all, we aim to seize the opportunities they offer.