27.09.2019 Progress-Werk Oberkirch AG  DE0006968001

DGAP-Adhoc: Progress-Werk Oberkirch AG: PWO intends to conclude company collective agreement


 

DGAP-Ad-hoc: Progress-Werk Oberkirch AG / Key word(s): Strategic Company Decision
Progress-Werk Oberkirch AG: PWO intends to conclude company collective agreement

27-Sep-2019 / 09:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

- Agreement should strengthen competitiveness of Oberkirch location
- Targeted cost reduction is in the mid-single-digit million range

Oberkirch, September 27, 2019 - At its meeting today, the Management Board of Progress-Werk Oberkirch AG has decided to terminate the company's membership in the Metalworking and Electrical Industry Employer Association with effect from December 31, 2019. Instead, the Company intends to conclude a company collective agreement with the metalworker's union in Germany, IG Metall, in close cooperation with PWO employee representatives.

In light of the continuing weakness in the automotive industry, extensive measures must be taken to adapt to this environment, particularly at the German location with its high level of wages. The decision now taken is intended to strengthen the competitiveness of the Oberkirch location, enable it to continue to operate profitably in the future despite the current industry development.

The Management Board is confident that a company collective agreement will make it possible to tailor the cost structures more precisely to the needs of a medium-sized automotive supplier than is possible within the scope of the industry-wide collective agreement, which is always also tailored to the requirements of the major automotive manufacturers and suppliers. The aim of this step would be to realize savings in the mid-single-digit million range. The industry's development will also continue to require the ongoing implementation of substantial cost-cutting programs, also in the area of material costs. Despite taking these necessary measures, employment security will be maintained until the end of 2020.

Progress-Werk Oberkirch AG
The Management Board

End of ad hoc announcement


27-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 881413

 
End of Announcement DGAP News Service

881413  27-Sep-2019 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 404,60 409,61 461,01 476,27 458,62 371,15 408,00
EBITDA1,2 42,92 44,65 44,96 42,70 45,98 21,17 45,40
EBITDA-Marge3 10,61 10,90 9,75 8,97 10,03 5,70 11,13
EBIT1,4 18,09 19,73 20,53 18,43 19,93 -10,10 17,00
EBIT-Marge5 4,47 4,82 4,45 3,87 4,35 -2,72 4,17
Jahresüberschuss1 7,54 9,52 10,06 6,64 9,10 -11,66 5,20
Netto-Marge6 1,86 2,32 2,18 1,39 1,98 -3,14 1,28
Cashflow1,7 31,11 46,30 38,31 38,45 47,95 49,20 46,00
Ergebnis je Aktie8 2,41 3,05 3,22 2,12 2,91 -3,73 1,65
Dividende8 1,55 1,60 1,65 1,35 0,00 0,00 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - 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 30,800 Halten 96,25
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,40 12,74 1,20 14,40
KBV KCV KUV EV/EBITDA
0,92 1,96 0,26 12,94
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 19.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.05.2021 02.08.2021 03.11.2021 25.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,42% 22,26% 58,76% 87,80%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Progress-Werk Oberkirch AG  ISIN: DE0006968001 können Sie bei DGAP abrufen

Automobilzulieferer , 696800 , PWO , XETR:PWO