LEWAG Holding AG

KGR

Equity

ISIN DE0006336001 / Valor 339881

Deutsche Boerse AG (2024-12-23)

EUR 11.50%

LEWAG Holding AG
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About company

LEWAG Holding AG, established in 1873 and based in Berlin, Germany, has evolved into a publicly traded management and financial holding company since its transformation in 1993. The company specializes in holding stakes in medium-sized enterprises, aiming to bolster their market positions through strategic investments and management support. A key asset under LEWAG Holding AG's portfolio is the 100% ownership of HEGLA GmbH & Co. KG, along with its domestic and international subsidiaries. HEGLA is recognized for its global operations in manufacturing machinery and system solutions for cutting, sorting, storage, and logistics of flat glass, as well as vehicle construction for the flat glass manufacturing and processing industry. The HEGLA group includes a network of eight domestic companies, four foreign subsidiaries in the USA, France, Great Britain, and Poland, and sales offices in Russia, India, Singapore, and Dubai, supplemented by various trading representations in other sales regions. Through its strategic expansion and management of its holdings, LEWAG Holding AG aims to enhance its attractiveness and value to shareholders.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

In the latest financial results for Q4 2023, LEWAG Holding AG reported a significant increase in total performance, excluding other income, by €15.8 million or 13%, reaching a new record of €136.9 million. This growth was primarily driven by the machinery manufacturing segment.

Material Costs

LEWAG Holding AG experienced an 11% rise in material expenses, from €52.3 million to €57.9 million in Q4 2023. Despite the substantial price increases in procurement markets, the company managed to offset these costs through adjustments in sales prices, improving the material expense ratio by 0.9 percentage points to 42.3%.

Profitability

The gross profit, including other income, increased by 14% from €70.2 million to €80.0 million in Q4 2023. This improvement in profitability was accompanied by a 54% increase in EBITDA, reaching €9.6 million, primarily due to the deconsolidation of the TaiFin investment.

Net Income

LEWAG Holding AG reported a consolidated net income of €6.6 million for Q4 2023, a significant turnaround from the previous year's net loss of €8.5 million. The earnings before taxes (EBT) also improved from €2.6 million to €5.9 million, reflecting a stronger financial performance.

Dividend Proposal

Given the improved earnings situation, the board of directors and the supervisory board of LEWAG Holding AG plan to propose a doubled dividend of €0.20 per share at the upcoming annual general meeting. This would result in a total payout of €950,000, compared to €475,000 in the previous year.

Summarized from source with an LLMView Source

Key figures

-11.5%1Y

3.10%3Y

-23.1%5Y

Performance

34.0%1Y

36.2%3Y

36.2%5Y

Volatility