EQS-News: PWO AG / Key word(s): 9 Month figures/Quarterly / Interim Statement PWO Group on track in the nine-month period of 2024 Carlo Lazzarini (CEO): "We have done our homework in recent years and strengthened our resilience. That is why we can continue to pursue our corporate strategy even in challenging times."
In the nine-month period of 2024, the following key figures were achieved in the PWO Group:
Beyond the careful management of our current business, our efforts are primarily focused on taking advantage of market opportunities. In the nine-month period, we were again very successful in new business and see ourselves well positioned for further customer awards in the fourth quarter. Therefore, we can increase our new business forecast for the current financial year and now expect a lifetime volume of around EUR 630 to 680 million (previously: around EUR 550 to 600 million). With this, we want to achieve a high volume again, even though various customer projects are currently being postponed and will only be awarded in 2025. The ramp-up of our new engineering and production site in Serbia and the further expansion of our two Czech sites are on schedule. This will make Eastern Europe an important production focus for the PWO Group in the future. Manufacturing at the group's German home location in Oberkirch is also being further adapted to the requirements of the future and has been strengthened by significant new business in the nine-month period, as have all our other locations. In addition, our product range has been expanded to include components for braking systems, and we have been able to win new customers who we will supply in China and Mexico in the future. Our development is based on the solid foundation of a strong balance sheet and a consistently high free cash flow. We are continuously refining the control of the individual positions and thus releasing further resources. The report for the nine-month period 2024 will be published on the PWO website at https://pwo-group.com/en/investors-press/news-publications/reports/. PWO AG
Contact:
PWO AG
PWO Group: Pushing boundaries in lightweight metal solutions 2,000 product solutions | 3,000 employees | 10 locations | over 100 years of experience We are a global company in the mobility industry that shapes the environmentally friendly mobility of the future through innovations and is completely positioned independent of combustion engines. As a values-oriented employer with family-like structures on a global level, we offer our employees a meaningful environment for realizing their personal perspectives. Transparent and responsible corporate management is an essential part of our self-image. Our corporate strategy is based on the motto PEOPLE. PLANET. PROGRESS. summarized. 13.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | PWO AG |
Industriestraße 8 | |
77704 Oberkirch | |
Germany | |
Phone: | +49 (0)7802 84-844 |
Fax: | +49 (0)7802 84-789 |
E-mail: | ir@pwo-group.com |
Internet: | www.pwo-group.com |
ISIN: | DE0006968001 |
WKN: | 696800 |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
EQS News ID: | 2027745 |
End of News | EQS News Service |