03.08.2020 Progress-Werk Oberkirch AG  DE0006968001

DGAP-News: Progress-Werk Oberkirch AG: PWO confirms preliminary figures for the first half of 2020


 

DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Half Year Results
Progress-Werk Oberkirch AG: PWO confirms preliminary figures for the first half of 2020

03.08.2020 / 08:00
The issuer is solely responsible for the content of this announcement.


Oberkirch, August 3, 2020 - PWO today presented its half-year financial report for the 2020 fiscal year and confirmed the preliminary figures that were reported on July 23, 2020 in an ad hoc announcement. After the first quarter, which was in line with plans, the second quarter, as anticipated, was dominated by effects from the corona pandemic and the largest economic slump in the post-war period that resulted.

Revenue in the second quarter fell to EUR 49.5 million (p/y: EUR 113.5 million), and total output to EUR 49.6 million (p/y: EUR 113.7 million). EBIT before currency effects fell to EUR -5.6 million (p/y: EUR 4.7 million). EBIT including currency effects decreased to EUR -6.0 million (p/y: EUR 3.9 million). Net income for the period and earnings per share were EUR -6.2 million (p/y: EUR 1.2 million) and EUR -1.98 (p/y: EUR 0.40) respectively.

In the first half-year, revenue amounted to EUR 158.2 million (p/y: EUR 236.9 million), and total output equaled EUR 158.5 million (p/y: EUR 237.5 million). EBIT before currency effects amounted to EUR 1.0 million (p/y: EUR 10.8 million), and EBIT including currency effects decreased to EUR -0.1 million (p/y: EUR 9.8 million). Net income for the period declined to EUR -2.9 million (p/y: EUR 4.5 million), and earnings per share dropped to EUR -0.94 (p/y: EUR 1.42).

Free cash flow was positive in both reporting periods and exceeded the previous year's level in the first half-year, with EUR 12.4 million (p/y: EUR 10.8 million). Net debt was reduced to EUR 122.5 million as of June 30, 2020, compared with EUR 132.5 million at the end of the previous fiscal year. As of June 30, 2020, the equity ratio, at 30.3 percent, was at the same level as on December 31, 2019 (30.1 percent).

The outlook for the second half of the year still cannot be reasonably quantified. For this reason, we are currently unable to present a new forecast for the current fiscal year. Our management currently aims to do all that is necessary in the short term in order to respond appropriately to the respective challenges. At the same time, we are keeping an eye on opportunities and intend to strengthen the Group's long-term competitiveness. We are very confident that this approach will continue to prove successful as we move forward.

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 more than 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 3,000 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.



03.08.2020 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: 1107677

 
End of News DGAP News Service

1107677  03.08.2020 

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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 30,400 Halten 95,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,20 12,71 1,19 14,21
KBV KCV KUV EV/EBITDA
0,91 1,93 0,26 12,88
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
-2,69% 21,00% 56,70% 80,95%
    
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Automobilzulieferer , 696800 , PWO , XETR:PWO