10.05.2021 Progress-Werk Oberkirch AG  DE0006968001

DGAP-News: Progress-Werk Oberkirch AG: PWO confirms preliminary figures for an encouraging first quarter of 2021


DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Quarterly / Interim Statement
Progress-Werk Oberkirch AG: PWO confirms preliminary figures for an encouraging first quarter of 2021

10.05.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

- Positive development in Czechia, Mexico and China
- High level of new business underpins our solution expertise in electrification, safety and comfort for the mobility of the future

Oberkirch, May 10, 2021 - With today's announcement on the first quarter, PWO is confirming the preliminary figures communicated on April 23, 2021. We have had a good start into the new fiscal year. Our locations in Mexico and China were strong contributors to this positive performance.

The Czech location also increased its revenues. Despite expenses associated to the current site expansion, EBIT before currency effects remained at a high level in the first quarter. At the German and Canadian locations, revenues and EBIT before currency effects were below their respective levels in the same prior-year period. In Germany, we are rapidly implementing a comprehensive package of measures to strengthen the location's competitiveness and to facilitate future growth. In Canada, we can already foresee an improvement in business performance thanks to the start of series production.

We achieved the following key figures for the Group:
Revenue: EUR 110.2 million (p/y: EUR 108.8 million)
EBIT before currency effects: EUR 5.7 million (p/y: EUR 6.8 million)
EBIT including currency effects: EUR 5.9 million (p/y: EUR 6.1 million)
Net income for the period: EUR 4.1 million (p/y: EUR 3.5 million)
Earnings per share: EUR 1.32 (p/y: EUR 1.11)
Some prior-year figures have been adjusted due to a change in accounting.

We are especially satisfied with the high level of new business of EUR 135 million in the first quarter of 2021. This again underscores our outstanding solution expertise for the trends of electrification and safety as well as comfort for the mobility of the future. Larger contract volumes relate to air suspension components for various premium class vehicles of a renowned international manufacturer. These components will be produced in Oberkirch.

The expansion of our Czech location is progressing rapidly, particularly following an additional order for the production of instrument panel carriers at that location. This is an example of our continuing growth strategy of supplying an ever broader range of products to existing customers. We are also pleased that we will start supplying a customer's all-electric touring sedan, which is one of the flagship vehicles of its model range.

Despite the uncertainties resulting from the possible effects of the pandemic, we are confident that we will be able to report further technologically sophisticated new orders from existing and new customers in the course of the year. We are thus focusing on a rapid recovery and the ambitious medium-term growth of the Group.

Further detailed information can be found in our quarterly statement, which is available on our website at https://www.progress-werk.de/en/investors-press/news-publications/reports/quarterly-reports-2021/.

Progress-Werk Oberkirch AG
The Executive Board

Company Profile PWO
PWO is a partner to the global mobility 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 lightweight construction, we contribute to environmentally friendly driving and greater distances.

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

10.05.2021 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.

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Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Phone: +49 (0)7802 84-844
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: 1194003

End of News DGAP News Service

1194003  10.05.2021 


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

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 1,21 14,40
0,92 1,96 0,26 12,94
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
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
-1,47% 21,93% 58,76% 86,67%
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Automobilzulieferer , 696800 , PWO , XETR:PWO