08.05.2019 Progress-Werk Oberkirch AG  DE0006968001

DGAP-News: Progress-Werk Oberkirch AG: PWO reports results for the first quarter of 2019


 

DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Quarterly / Interim Statement
Progress-Werk Oberkirch AG: PWO reports results for the first quarter of 2019

08.05.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


 

- Business development in line with planning
- All international locations make positive contributions to EBIT
- Market environment expected to remain challenging

Oberkirch, May 8, 2019 - The currently very challenging market environment shaped the business development of the PWO Group in the first quarter of 2019, and particularly our German location. All the more important and gratifying is the fact that all of our international locations are now operating profitably. The Czech location continues to operate successfully, generating high margins, and the locations in China and Mexico are meanwhile also making clearly positive EBIT contributions. Only the Canadian site is temporarily below the prior year, as anticipated.

In the first three months of 2019, Group revenue amounted to EUR 118.0 million (p/y: EUR 122.8 million) and total output equaled EUR 123.8 million (p/y: EUR 124.7 million). EBIT before currency effects totaled EUR 6.1 million (p/y: EUR 7.4 million) and EUR 5.9 million (p/y: EUR 7.5 million) including currency effects. Net income for the period and earnings per share decreased to EUR 3.2 million (p/y: EUR 4.0 million) and EUR 1.03 (p/y: EUR 1.29), respectively. The year-on-year decline in EBIT and net income for the period in the first three months of 2019 is overstated as the first quarter of 2018 was by far the most profitable period of the past fiscal year.

Given the development of the sector and taking into account the strength of the comparative first quarter in 2018, the development of revenue and EBIT before currency effects in the first three months of 2019 was in line with our planning. The next few quarters, however, will remain challenging. We have therefore made adjustments to our cost-cutting measures and will continue to do so during the year. The positive effects of these efforts should lead us to reaching our revenue and EBIT targets for the current 2019 fiscal year. We therefore confirm our forecast of a stabilization in revenue at the level of the 2018 fiscal year of EUR 480 - 490 million, and EBIT before currency effects in the range of EUR 18 - 19 million.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,400 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.



08.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: +49 (0)7802 84-347
Fax: +49 (0)7802 84-789
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, Tradegate Exchange
EQS News ID: 808035

 
End of News DGAP News Service

808035  08.05.2019 

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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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Automobilzulieferer , 696800 , PWO , XETR:PWO