PWO reports preliminary figures for 2024 and looks back on a successful fiscal year

PWO reports preliminary figures for 2024 and looks back on a successful fiscal year

Carlo Lazzarini (CEO): “The macroeconomic and geopolitical conditions remain challenging, making it all the more important that we focus on our strengths and consistently implement our clearly formulated corporate strategy. And this is precisely what we are doing at the PWO Group.”

• Start-ups and ramp-ups of the strong new business of recent years counteract current market weakness
• Efforts to strengthen competitiveness paying off: EBIT before currency effects fully in line with expectations despite weaker customer call-offs
• New business achieved forecast range that was raised in the course of the year

February 20, 2025 – In fiscal year 2024, the PWO Group was able to stabilize its revenue in an increasingly difficult environment and to further expand its market position systematically. We are publishing the first preliminary and unaudited figures for the past year below:

• Revenue: EUR 555.0 million (forecast: approx. EUR 570 million / previous year: EUR 555.8 million)
• EBIT before currency effects: EUR 30.1 million (forecast: EUR 29–32 million /
  previous year: EUR 28.2 million)
• Capital expenditure: EUR 46.2 million (forecast: approx. EUR 40 million / previous year: EUR 26.5 million)
• Lifetime volume of new business: approx. EUR 630 million (forecast:
  EUR 630–680 million / previous year: approx. EUR 845 million)
• Scope 1 & 2 greenhouse gas (GHG) emissions: 6,287 t (forecast:
  7,400–7,750 t / previous year: 9,417 t)

As regularly reported during the year, we have robust and efficient control mechanisms in place that enable us to respond effectively to market changes. As a result, we succeeded in achieving the originally expected EBIT before currency effects, although the revenue forecast was not met due to market conditions.

At EUR 630 million, the lifetime volume of new business was in line with the range that had been raised during the year and therefore significantly exceeded the original expectations published in the 2023 Annual Report. The business model, which is entirely independent of combustion engines, remains a solid foundation for our success and makes PWO an attractive partner for its customers in shaping sustainable mobility. This business model continues to form the essential basis for the PWO Group’s further expansion of its market position.

After several years of very moderate capital expenditure, we invested more than originally planned in fiscal year 2024. The focus here was on the construction of our new engineering and production site in Serbia. However, all of the Group’s other international locations are also preparing for extensive series ramp-ups.

The consistent decarbonization of our business remains crucial to our future success. We are therefore delighted to have once again exceeded our targets for reducing Scope 1 & 2 GHG emissions in fiscal year 2024, coming in one third below the previous year’s figure. Compared to the 2019 baseline against which we measure our progress in decarbonization, we have now reduced GHG emissions by two thirds.

It is not yet possible to quantify the outlook for 2025, as the new US tariff policy and its impact on our industry are still unclear. The direct impact of tariffs between the US and Canada or Mexico would still be manageable due to our regional supply chain structure. For our industry as a whole, however, a further weakening of the market can be expected. We aim to continue reducing our GHG emissions, even though we have now reached a level from which the progress curve will flatten out.

The publication of our final figures for fiscal year 2024 is scheduled for March 21, 2025. The outlook for fiscal year 2025 will be set out in more detail as soon as this is possible.

PWO AG

The Executive Board


Contact:
Charlotte Frenzel

Corporate Communications & Investor Relations
T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com


PWO AG
Industriestrasse 8
77704 Oberkirch, Germany
pwo-group.com

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 product solutions | 3,500 employees | 10 locations | over 100 years of experience

We are a global company in the mobility industry helping to shape the environmentally friendly mobility of the future through innovation and positioned to be entirely independent of combustion engines.

Our expertise in climate-friendly lightweight construction makes us a technology leader, combining cost-effectiveness with sustainability. We develop and manufacture sophisticated metal components and complex systems at the limits of what is technologically feasible. We meet the challenges of our times with innovative and sustainable concepts and an overriding aim to seize the opportunities they present.

As a value-oriented employer with family structures at a global level, we offer our employees a rewarding environment in which to realize their personal potential. Transparent and responsible corporate governance is an essential part of who we are.

We have summarized our corporate strategy in the motto PEOPLE. PLANET. PROGRESS.