16.02.2015 Progress-Werk Oberkirch AG  DE0006968001

DGAP-News: Progress-Werk Oberkirch AG: PWO announces preliminary results for 2014


 
DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Final Results Progress-Werk Oberkirch AG: PWO announces preliminary results for 2014 16.02.2015 / 08:00 --------------------------------------------------------------------- - Revenues and EBIT slightly exceed December forecast - Customer call orders see recent improvement - 2015 forecast confirmed Oberkirch, February 16, 2015 - Today, PWO released preliminary results for fiscal year 2014. As previously reported, the Group was impacted by stagnating revenues due to lower-than-expected customer call orders and the postponement of start-ups at several locations. Short-term capacity adjustments could only counteract the resulting impact on earnings to a limited extent. Revenues amounted to EUR 381.1 million (p/y: EUR 377.4 million), total output reached EUR 390.7 million (p/y: EUR 384.2 million), and EBIT totaled EUR 16.7 million (p/y: EUR 22.3 million). Net income for the period amounted to EUR 7.3 million (p/y: EUR 13.1 million). As we communicated in December of 2014, the results were impacted by provisions of four million euros for personnel adjustments. We slightly exceeded our December forecast of revenues of approx. EUR 380 million and EBIT in a range of EUR 15-16 million. The positive impact on our earnings from the reduction in employees and other efficiency improvements initiated at our Oberkirch location will not have their full impact until the 2016 fiscal year. Therefore, the EBIT in Germany will decline again in 2015 compared to the level of 2014 when adjusted for the provisions mentioned above. The international locations, in contrast, will increase their overall EBIT contribution. We continue to expect Group revenues of around EUR 400 million and an EBIT of around EUR 19 million in fiscal year 2015. We continued with our rapid international expansion during fiscal year 2014. Meanwhile, our Czech Republic location has become the second major pillar of the Group. Revenues in China are expected to more than double over the next two years, meaning our activities there will gain material size. Our efforts to strengthen profitability in Oberkirch, as well as the positive development of our international locations, will aid the PWO Group in continuing its traditionally positive and steady development. The final fiscal year 2014 results will be published on March 25, 2015, and the 2014 annual report will be available on our homepage (www.progress-werk.de/en) as of March 31, 2015. Progress-Werk Oberkirch AG The Management Board PWO company profile PWO is one of the world's leading developers and manufacturers of advanced metal components and systems in lightweight construction for automobile safety and comfort. The company has developed a unique knowledge in the forming and joining of metals over the course of its 95-year history since it was founded in 1919. The German location at Oberkirch today employs around 1,500 staff members. The Group is globally represented with further sites in China, Canada, Mexico, and the Czech Republic. It employs around 3,100 staff members worldwide. PW0 is a partner to the global automotive industry for the development and production of innovative products in the divisions of "Mechanical components for electrical and electronic applications", "Safety components for airbags, seats and steering" and "Components and subsystems for vehicle bodies and chassis". --------------------------------------------------------------------- 16.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Progress-Werk Oberkirch AG Industriestraße 8 77704 Oberkirch Germany Phone: +49 (0)7802 84-0 Fax: +49 (0)7802 84-273 E-mail: [email protected] Internet: www.progress-werk.de ISIN: DE0006968001 WKN: 696800 Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich End of News DGAP News-Service --------------------------------------------------------------------- 323371 16.02.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 461,01 476,27 458,62 371,15 404,27 530,76 550,00
EBITDA1,2 44,96 42,70 45,98 21,17 47,16 51,19 51,50
EBITDA-Marge3 9,75 8,97 10,03 5,70 11,67 9,64
EBIT1,4 20,53 18,43 19,93 -10,10 21,82 26,78 27,00
EBIT-Marge5 4,45 3,87 4,35 -2,72 5,40 5,05 4,91
Jahresüberschuss1 10,06 6,64 9,10 -11,66 14,74 15,21 15,40
Netto-Marge6 2,18 1,39 1,98 -3,14 3,65 2,87 2,80
Cashflow1,7 38,31 38,45 47,95 49,20 20,96 11,57 0,00
Ergebnis je Aktie8 3,22 2,12 2,91 -3,73 4,72 4,87 4,90
Dividende8 1,65 1,35 0,00 0,00 1,50 1,65 1,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
PWO
WKN Kurs in € Einschätzung Börsenwert in Mio. €
696800 30,400 Kaufen 95,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,90 10,03 0,78 11,64
KBV KCV KUV EV/EBITDA
0,64 8,21 0,18 3,82
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,65 1,65 5,43 06.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 09.08.2024 08.11.2023 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,85% 0,67% 1,33% -2,25%
    
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