HWA AG

H9W

Equity

ISIN DE000A0LR4P1 / Valor 2928930

Xetra (2024-09-18)

EUR 2.04%

HWA AG
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About company

HWA AG is a prominent entity in the automotive and motorsport industry, known for its expertise in vehicle development, particularly in the realms of DTM (Deutsche Tourenwagen Masters) and GT cars. Founded by Hans Werner Aufrecht, who also co-founded AMG, HWA AG has carved out a niche in high-performance automotive engineering and motorsport activities. The company's involvement spans from the development of racing engines and chassis for Formula 1, under Mercedes-Benz HPE, to a comprehensive engagement in customer sports, including responsibilities for the entire Mercedes-AMG DTM commitment. Under the leadership of figures like Gordian von Schöning and Martin Marx, HWA AG has expanded its portfolio to include roles in race operations, vehicle development for performance cars, and leadership in motorsport engagements such as Formula E and Formula 3. The company's executive team, with backgrounds in automotive engineering and hands-on motorsport experience, underscores HWA AG's commitment to innovation and excellence in the high-octane world of competitive racing and automotive development.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

In the first half of 2023, HWA AG reported a sales revenue of EUR 42.4 million, showing an increase from EUR 41.4 million in the same period of the previous year. This growth in revenue indicates a positive trend in the company's financial performance.

Operating Performance

HWA AG's total operating performance for the first half of 2023 was EUR 42.6 million, a decrease from EUR 46.0 million in the first half of 2022. This decline was primarily due to a significantly lower change in inventories of work in progress and finished goods.

Cost of Materials

The cost of materials for HWA AG at the end of the first half of 2023 was EUR 28.3 million, compared to EUR 27.6 million in the same period of 2022. The increase in material costs is attributed to the change in the product mix and the relatively high proportion of production volumes in total output.

Operating Expenses

Other operating expenses for HWA AG remained relatively constant, from EUR 5.8 million in the first half of 2022 to EUR 5.7 million in the first half of 2023. The company's cost and efficiency programme continues to have a positive impact, balancing out variable reimbursements to customers linked to sales.

Economic Outlook

HWA AG has planned a positive EBIT in the very low single-digit million range for the entirety of 2023. The company is on a solid path to achieving this goal, with a keen eye on developments related to the supply of materials and the commissioning of development projects.

Summarized from source with an LLMView Source

Key figures

-71.3%1Y

-75.3%3Y

-85.0%5Y

Performance

30.0%1Y

26.6%3Y

27.3%5Y

Volatility