FRIWO AG

CEA

Equity

ISIN DE0006201106 / Valor 327410

Xetra (2026-01-19)

EUR 6.00-2.44%

FRIWO AG
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About company

FRIWO AG is a German company specializing in the development and production of power supply solutions and drive systems. With a strong emphasis on engineering excellence, the company operates modern development centers and manufacturing facilities across Europe, Asia, and the United States, ensuring a robust presence in major global markets. FRIWO's product portfolio includes a range of power supply units, chargers, battery packs, and LED drivers, catering to various industries such as industrial, medical, and consumer electronics. The company's international network and strategic locations enable it to respond swiftly to market demands and maintain a competitive edge in the power solutions sector.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue and orders

Revenue: EUR 93.0m in 2024 (2023: EUR 111.1m). Order backlog at year‑end 2024 was EUR 43.7m (2023: EUR 49.6m). Management said weaker demand in key markets drove the top‑line shortfall versus original expectations but that the company achieved its revised guidance (EUR 90–95m).

Profitability

EBIT improved to EUR -3.6m (EBIT margin -3.9%) vs EUR -7.4m (-6.6%) in 2023, reflecting lower material costs and cost‑efficiency measures. EBT was EUR -7.1m and net loss after tax EUR -6.2m, an improvement versus the prior year.

Per‑share metric

Earnings per share: basic EPS -€0.73 for 2024 (2023: -€1.35), reflecting the smaller net loss compared with the prior year (note: 2023 figures restated per the report).

Balance sheet and financing

Total assets fell to EUR 63.7m (2023: EUR 71.2m). Equity declined to EUR 3.3m (2023: EUR 9.6m) and the equity ratio tightened to 5.3% (2023: 13.5%). Management plans to use proceeds from announced divestments (e.g., sale of the 49.9% India JV stake to UNO MINDA, ~EUR 20m proceeds expected) to fully repay a bank loan by end‑2025 and materially deleverage the Group.

Operational metrics and cost control

Investments were EUR 1.4m in 2024 (2023: EUR 4.0m). Employee headcount decreased materially to 1,206 (2023: 1,701) as part of restructuring and production optimization, including shifts to contract manufacturing and increasing flexibility in Vietnam.

Strategic moves and outlook

Key strategic steps: sale of the India e‑drive JV stake and the DIN‑rail power supply business to focus on core power‑supply and charging solutions. Management targets medium‑term annual revenue growth in the high single‑digit percent range and a sustainable EBIT margin >5%.

Guidance for 2025

2025 forecast (with divestments assumed mid‑year): consolidated revenue EUR 75–90m and an operating break‑even EBIT. Guidance assumes one‑off effects from divestments and elimination of the sold businesses’ revenues after closing.

Summarized from source with an LLMView Source

Key figures

-72.0%1Y

-84.6%3Y

-75.8%5Y

Performance

66.6%1Y

53.4%3Y

54.3%5Y

Volatility