on Progress-Werk Oberkirch AG (ETR:PWO)
PWO Group Reports Stable H1 2025 Performance Amid Challenges
PWO Group has announced a stable performance in the first half of 2025 despite a challenging geopolitical environment. The company's revenue stood at EUR 273.4 million, slightly down from the previous year. EBIT before currency effects was EUR 13.3 million, and net profit reached EUR 5.4 million.
The automotive sector faces ongoing pressures, prompting PWO to diversify its customer base and expand its product portfolio. This strategy yielded a high level of new business, totaling around EUR 445 million in lifetime volume. However, market slowdown and adverse currency effects led the company to revise its fiscal 2025 revenue guidance to EUR 500-510 million.
Capital expenditure increased to EUR 17 million, supporting strategic growth. Despite challenges, PWO is confident in its ability to manage earnings shortfalls, expecting a stable equity ratio and positive free cash flow for the year.
R. P.
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