PWO AG

Latest Results (20.08.2024):

Revenue Exceeds Forecast

For the 2022 fiscal year, PWO AG reported that its revenue is expected to exceed the forecast of around EUR 500 million, reaching approximately EUR 530 million. This positive outcome is attributed to good business development in December 2022 and non-recurring effects such as reversals of impairment losses on non-current assets.

EBIT Surpasses Expectations

PWO AG's EBIT before foreign exchange effects for the 2022 fiscal year is anticipated to be between EUR 27 million and EUR 28 million, surpassing the forecast range of EUR 23 million to EUR 26 million. This improvement is partly due to the positive impact of non-recurring effects.

Capital Expenditure and Free Cash Flow

Capital expenditure for PWO AG in the 2022 fiscal year is expected to be around EUR 20 million, slightly below the budgeted volume of EUR 22 million. Despite this, the company anticipates a negative free cash flow due to a high level of capital employed in current assets.

New Business Volume

PWO AG reported that the lifetime volume of new business (series and tool orders) for the 2022 fiscal year was around EUR 890 million, significantly exceeding the forecast of approximately EUR 800 million. This includes around EUR 50 million of new business from new sales markets.

2023 Financial Outlook

For the 2023 fiscal year, PWO AG expects revenue to rise to around EUR 550 million. However, EBIT before currency effects is projected to be in the range of EUR 20 million to EUR 23 million, influenced by increased procurement prices, particularly for energy, and higher staff costs due to a new collective bargaining agreement in the German metal and electrical industry.