FRIWO AG · ISIN: DE0006201106 · EQS - Company News

FRIWO counters persistently weak demand with high cost efficiency – growth momentum expected from 2025 onwards

FRIWO counters persistently weak demand with high cost efficiency – growth momentum expected from 2025 onwards Group revenue falls by 28% to 64.4 million euros after nine months EBIT deteriorates only slightly to -2.9 million euros thanks to cost efficiency measures, third quarter slightly positive at 0.1 million euros E-mobility joint venture in India with strong growth expected in 2024 Outlook for 2024 adjusted at the end of October due to continued weak demand Ostbevern, November 7, 2024 ...

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07 November 2024 09:00AM
FRIWO counters persistently weak demand with high cost efficiency – growth momentum expected from 2025 onwards
DE0006201106
FRIWO counters persistently weak demand with high cost efficiency – growth momentum expected from 2025 onwards Group revenue falls by 28% to 64.4 million euros after nine months EBIT deteriorates only slightly to -2.9 million euros thanks to cost efficiency measures, third quarter slightly positive at 0.1 million euros E-mobility joint venture i...
FRIWO AG
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22 October 2024 08:34PM
FRIWO adjusts forecast for 2024 due to continued weak demand - cost efficiency measures take effect
DE0006201106
FRIWO adjusts forecast for 2024 due to continued weak demand - cost efficiency measures take effect Ostbevern, 22 October 2024 – FRIWO - an international manufacturer of technically leading chargers and e-drive solutions - has to adjust its annual forecast for 2024 downwards in view of the noticeable economic weakness. In particular, the continuin...
FRIWO AG
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08 August 2024 08:30AM
Improved order intake in Q2 at FRIWO points to an upturn in the second half of 2024 – general growth trend in e-mobility intact
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Improved order intake in Q2 at FRIWO points to an upturn in the second half of 2024 – general growth trend in e-mobility intact Group revenue in the first half of the year characterized by weak demand for e-mobility, revenue falls by 31% to 40.8 million euros Half-year EBIT loss limited to -3.0 million euros thanks to cost efficiency measures E-...
FRIWO AG
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12 June 2024 08:00AM
E-mobility joint venture in India in full swing, promising talks on market development in neighboring countries
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E-mobility joint venture in India in full swing, promising talks on market development in neighboring countries Six of the world’s seven largest two- and three-wheeler manufacturers are already customers New FAME III funding program from the Indian government expected Promising talks about first customer orders and production in Indonesia and Vi...
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08 May 2024 08:00AM
FRIWO with expected moderate start in 2024 – outlook and return to operating profit in 2024 confirmed
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FRIWO with expected moderate start in 2024 – outlook and return to operating profit in 2024 confirmed Group revenue falls to 20.7 million euros in the first quarter of 2024 – EBIT loss of -1.8 million euros E-mobility joint venture in India continues to see dynamic growth in demand Outlook: Group revenue of 100 to 120 million euros and balanced ...
FRIWO AG
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25 April 2024 06:24PM
FRIWO AG with changes to the Management Board
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FRIWO AG with changes to the Management Board Roald Gréboval will become a new member of the company's Executive Board from May 1, 2024 Predecessor Dr. Walter Demmelhuber leaves FRIWO for personal reasons Ostbevern, April 25, 2024 – The Supervisory Board of FRIWO AG – an international manufacturer of technically leading chargers and e-drive solut...
FRIWO AG
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25 April 2024 06:20PM
FRIWO achieves guidance in the 2023 financial year – return to profitability in 2024 and clearly positive momentum expected for subsequent years
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FRIWO achieves guidance in the 2023 financial year – return to profitability in 2024 and clearly positive momentum expected for subsequent years Group revenue falls to 111.1 million euros in the 2023 financial year, slightly above forecast EBIT in line with expectations at -7.4 million euros, impacted by decline in sales, structural adjustments, ...
FRIWO AG
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21 March 2024 08:00AM
FRIWO streamlines production structures in Vietnam – operating targets confirmed for 2023 with the aim to return to profitability in 2024
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FRIWO streamlines production structures in Vietnam – operating targets confirmed for 2023 with the aim to return to profitability in 2024 Group Intellect Power Technology from Hong Kong takes over two component production sites in Vietnam and will act as a contract manufacturer for FRIWO in the future Noticeable improvement in balance sheet quali...
FRIWO AG
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31 January 2024 01:00PM
FRIWO AG announces changes in the Executive Board
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FRIWO AG announces changes in the Executive Board Oliver Freund joins the company as CFO as of 1 February 2024 Predecessor Tobias Tunsch requests early termination of his Executive Board contract for personal reasons, but will remain with FRIWO in an advisory capacity Successful extension of the existing financing framework at the end of 2023 Os...
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29 December 2023 10:00AM
FRIWO separates from remaining production at the Ostbevern site
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FRIWO separates from remaining production at the Ostbevern site New owner Private Assets takes over the Ostbevern production site and will act as a contract manufacturer for FRIWO products manufactured in Europe in the future Employees to be taken over by Private Assets, substantial savings potential expected at FRIWO Stronger focus of the FRIWO...
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09 November 2023 08:30AM
FRIWO still affected by declining demand in Europe – positive momentum expected for 2024 and subsequent years
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FRIWO still affected by declining demand in Europe – positive momentum expected for 2024 and subsequent years Nine-month turnover falls to 89.5 million euros EBIT slips into the red at -2.3 million euros – earnings impacted by start-up costs for Indian joint venture and negative currency effects Outlook 2023: Group revenue of around 110 million ...
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20 October 2023 06:58PM
FRIWO has to adjust annual forecast for 2023 again due to declining order situation
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FRIWO has to adjust annual forecast for 2023 again due to declining order situation Ostbevern, 20 October 2023 – FRIWO – an international manufacturer of technically leading chargers and e-drive solutions – must once again adjust its annual forecast for 2023 downwards in view of a further tightening of the demand situation in Europe in the e-mobil...
FRIWO AG
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04 October 2023 09:00AM
FRIWO AG expands Executive Board
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FRIWO AG expands Executive Board Dr Walter Demmelhuber joins the Executive Board team as of 1 October 2023 His responsibilities include sales for the core business as well as operations (excl. India) Appointment underscores FRIWO’s global growth ambitions as a leading e-mobility solution provider Ostbevern, 4 October 2023 – The Supervisory Boar...
FRIWO AG
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10 August 2023 02:00PM
FRIWO impacted by declining demand in segment e-mobility in the second quarter - production accelerates within the Indian joint venture
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FRIWO impacted by declining demand in segment e-mobility in the second quarter - production accelerates within the Indian joint venture Quarterly turnover of 28.8 million euros significantly below previous year - EBIT almost balanced Result includes negative impact due to pre-production costs for Indian joint venture and negative currency effects...
FRIWO AG
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07 July 2023 08:45AM
FRIWO AG: FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production
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FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production Considerable decline in demand in Europe, especially in the e-mobility segment after boom year 2022 Turnover and earnings in the second quarter noticeably below previous year's level Additional negative impact due to start-up c...
FRIWO AG
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07 July 2023 08:45AM
FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production
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FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production Considerable decline in demand in Europe, especially in the e-mobility segment after boom year 2022 Turnover and earnings in the second quarter noticeably below previous year's level Additional negative impact due to start-up c...
FRIWO AG
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07 July 2023 08:39AM
FRIWO AG: FRIWO adjusts annual forecast for 2023 based on declining demand
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FRIWO adjusts annual forecast for 2023 based on declining demand Ostbevern, 7 July 2023 - FRIWO - an international manufacturer of leading technical charging devices and e-drive solutions - is adjusting its annual forecast for 2023 against the backdrop of a noticeable drop in demand in Europe, particularly from the e-mobility segment. After the bo...
FRIWO AG
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07 July 2023 08:39AM
FRIWO adjusts annual forecast for 2023 based on declining demand
DE0006201106
FRIWO adjusts annual forecast for 2023 based on declining demand Ostbevern, 7 July 2023 - FRIWO - an international manufacturer of leading technical charging devices and e-drive solutions - is adjusting its annual forecast for 2023 against the backdrop of a noticeable drop in demand in Europe, particularly from the e-mobility segment. After the bo...
FRIWO AG
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10 May 2023 08:30AM
FRIWO AG: FRIWO with expected solid start in 2023 – E-mobility joint venture in India starts production at the end of May 2023
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FRIWO with expected solid start in 2023 – E-mobility joint venture in India starts production at the end of May 2023 First-quarter sales increase to 30.8 million euros year-on-year, despite difficult conditions Earnings down as expected due to inflation-related higher material and personnel costs, start-up costs for India joint venture and negat...
FRIWO AG
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10 May 2023 08:30AM
FRIWO with expected solid start in 2023 – E-mobility joint venture in India starts production at the end of May 2023
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FRIWO with expected solid start in 2023 – E-mobility joint venture in India starts production at the end of May 2023 First-quarter sales increase to 30.8 million euros year-on-year, despite difficult conditions Earnings down as expected due to inflation-related higher material and personnel costs, start-up costs for India joint venture and negat...
FRIWO AG
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30 March 2023 01:32PM
FRIWO AG: FRIWO cautiously optimistic for 2023 - clearly positive effects from India joint venture and growth in North America expected from 2024 onwards
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FRIWO cautiously optimistic for 2023 - clearly positive effects from India joint venture and growth in North America expected from 2024 onwards 2022 with record sales of 184.9 million euros (+84%) and turnaround to profitability Growth in all business areas, greatest momentum in e-mobility solutions Balance sheet quality significantly improved, ...
FRIWO AG
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30 March 2023 01:32PM
FRIWO cautiously optimistic for 2023 - clearly positive effects from India joint venture and growth in North America expected from 2024 onwards
DE0006201106
FRIWO cautiously optimistic for 2023 - clearly positive effects from India joint venture and growth in North America expected from 2024 onwards 2022 with record sales of 184.9 million euros (+84%) and turnaround to profitability Growth in all business areas, greatest momentum in e-mobility solutions Balance sheet quality significantly improved, ...
FRIWO AG
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28 February 2023 10:00AM
FRIWO AG: FRIWO with strong year-end quarter 2022 - Full year with record sales and significant return to profitability
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FRIWO with strong year-end quarter 2022 - Full year with record sales and significant return to profitability Consolidated sales up 84% to 184.9 million euros (preliminary figures) Operating profit (EBIT) up significantly from minus 8.0 million euros to plus 4.3 million euros despite high cost burden High order backlog of 83.6 million euros and ...
FRIWO AG
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28 February 2023 10:00AM
FRIWO with strong year-end quarter 2022 - Full year with record sales and significant return to profitability
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FRIWO with strong year-end quarter 2022 - Full year with record sales and significant return to profitability Consolidated sales up 84% to 184.9 million euros (preliminary figures) Operating profit (EBIT) up significantly from minus 8.0 million euros to plus 4.3 million euros despite high cost burden High order backlog of 83.6 million euros and ...
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20 January 2023 09:00AM
E-mobility joint venture of FRIWO and UNO MINDA receives orders worth ~400 million euros for two- and three-wheelers with electric drive in India
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E-mobility joint venture of FRIWO and UNO MINDA receives orders worth ~400 million euros for two- and three-wheelers with electric drive in India Major orders from Indian manufacturers New production facility located to the south of Delhi will start operations in 2nd quarter 2023 Substantial joint venture sales expected for 2nd half of 2023 FRI...
FRIWO AG
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25 November 2022 10:00AM
FRIWO establishes subsidiary in the USA to meet growing demand, particularly in the e-mobility and medical sectors
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EQS-Media / 25.11.2022 / 10:00 CET/CEST FRIWO establishes subsidiary in the USA to meet growing demand, particularly in the e-mobility and medical sectors New company sales office in Chagrin Falls, Ohio, near Cleveland Mark Rossi appointed CEO "FRIWO North America” Great market potential for FRIWO in North America Ostbevern, November 25, 2...
FRIWO AG
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25 November 2022 10:00AM
FRIWO establishes subsidiary in the USA to meet growing demand, particularly in the e-mobility and medical sectors
DE0006201106
EQS-Media / 25.11.2022 / 10:00 CET/CEST FRIWO establishes subsidiary in the USA to meet growing demand, particularly in the e-mobility and medical sectors New company sales office in Chagrin Falls, Ohio, near Cleveland Mark Rossi appointed CEO "FRIWO North America” Great market potential for FRIWO in North America Ostbevern, November 25, 2...
FRIWO AG
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10 November 2022 10:00AM
FRIWO raises full-year forecast for 2022 again thanks to continued dynamic e-mobility growth
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FRIWO raises full-year forecast for 2022 again thanks to continued dynamic e-mobility growth Nine-month sales jump by 90 % to 131.8 million euros EBIT improves from minus 4.9 million euros to plus 2.9 million euros despite sharp rise in costs; return to profit after taxes also successful High demand momentum with order book of 119.8 million euro...
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10 November 2022 10:00AM
FRIWO AG: FRIWO raises full-year forecast for 2022 again thanks to continued dynamic e-mobility growth
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FRIWO raises full-year forecast for 2022 again thanks to continued dynamic e-mobility growth Nine-month sales jump by 90 % to 131.8 million euros EBIT improves from minus 4.9 million euros to plus 2.9 million euros despite sharp rise in costs; return to profit after taxes also successful High demand momentum with order book of 119.8 million euro...
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11 August 2022 10:00AM
FRIWO AG: FRIWO reports 52 % increase in revenue and half-year turnaround in earnings due to strong e-mobility performance
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FRIWO reports 52% increase in revenue and half-year turnaround in earnings due to strong e-mobility performance Half-year revenue increases by 52 % from 48.2 million euros in the same period last year to 73.2 million euros EBIT turnaround to 0.1 million euros in spite of perceptible pressure on materials expenses. Second quarter also profitable af...
FRIWO AG
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11 August 2022 10:00AM
FRIWO reports 52 % increase in revenue and half-year turnaround in earnings due to strong e-mobility performance
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FRIWO reports 52% increase in revenue and half-year turnaround in earnings due to strong e-mobility performance Half-year revenue increases by 52 % from 48.2 million euros in the same period last year to 73.2 million euros EBIT turnaround to 0.1 million euros in spite of perceptible pressure on materials expenses. Second quarter also profitable af...
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21 July 2022 10:04AM
FRIWO AG: FRIWO with successful launch of e-mobility joint venture for the two- and three-wheeler market in India
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FRIWO with successful launch of e-mobility joint venture for the two- and three-wheeler market in India Great demand from Indian manufacturers, first letters of intent signed on Promising talks with further prestigious Asian two- and three-wheeler producers New manufacturing plant located south of Delhi scheduled to be operational in Q1 2023 Fi...
FRIWO AG
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21 July 2022 10:04AM
FRIWO with successful launch of e-mobility joint venture for the two- and three-wheeler market in India
DE0006201106
FRIWO with successful launch of e-mobility joint venture for the two- and three-wheeler market in India Great demand from Indian manufacturers, first letters of intent signed on Promising talks with further prestigious Asian two- and three-wheeler producers New manufacturing plant located south of Delhi scheduled to be operational in Q1 2023 Fi...
FRIWO AG
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04 July 2022 03:00PM
Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun
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Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun Capital increase of 448,162 shares completed – UNO MINDA Group holds 5.24 % of the equity of FRIWO AG Equity ratio of FRIWO rises to around 22 % FRIWO will invest the received 15 million euros in future growth Measures to develop the In...
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04 July 2022 03:00PM
FRIWO AG: Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun
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Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun Capital increase of 448,162 shares completed – UNO MINDA Group holds 5.24 % of the equity of FRIWO AG Equity ratio of FRIWO rises to around 22 % FRIWO will invest the received 15 million euros in future growth Measures to develop the In...
FRIWO AG
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06 May 2022 11:09AM
Indian UNO MINDA Group takes stake in FRIWO – Milestone for the joint development of the Indian e-mobility market
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Indian UNO MINDA Group takes stake in FRIWO – Milestone for the joint development of the Indian e-mobility market   Indian regulators approve participation UNO MINDA Group will be investing 15 million euro for 5.24% of the equity of FRIWO AG Capital increase expected to be completed in Q2 2022 Equity ratio of FRIWO is expected to rise to more t...
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01 April 2022 11:10AM
FRIWO AG: UNO MINDA Group's intended investment in FRIWO AG delayed due to pending Reserve Bank of India approval
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Ostbevern, 01st April 2022 - UNO MINDA still plans to invest around EUR 15 million in FRIWO AG by means of a cash capital increase excluding subscription rights in order to strengthen the industrial partnership between the two groups. The cash capital increase was resolved on 10th December 2021, but was subject to regulatory approval, including tha...
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31 March 2022 09:59AM
FRIWO AG: FRIWO AG heralds profitable growth phase due to record order book
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FRIWO AG heralds profitable growth phase due to record order book - E-mobility specialist achieves slight revenue growth to €100.5 million in 2021 - Massive pandemic-related charges and one-off effect from goodwill amortisation lead to EBIT of € -8.0 million - Dynamic growth in new orders (+41% to € 149.9 million) as well as order book (+116% to...
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22 March 2022 01:12PM
FRIWO AG: FRIWO with focus on sustainable improvement of balance sheet quality
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FRIWO with focus on sustainable improvement of balance sheet quality - Equity ratio significantly increased to 11.9 percent at the end of the year 2021 - Further strengthening of balance sheet quality via an equity participation of the Indian joint venture partner UNO MINDA expected in the second quarter of 2022 - Additional talks with the house...
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28 February 2022 11:02AM
Tobias Tunsch appointed as Chief Financial Officer of FRIWO AG
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DGAP-Media / 28.02.2022 / 11:02 Tobias Tunsch appointed as Chief Financial Officer of FRIWO AG Ostbevern, 28th February 2022 - The Supervisory Board of FRIWO AG has appointed Mr. Tobias Tunsch (53) as the company's Chief Financial Officer (CFO) with effect from 1st March 2022. Mr. Tunsch has already been working for FRIWO since May last yea...
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15 February 2022 11:44AM
FRIWO AG: FRIWO AG's 2021 annual result meets revenue forecast and is slightly below earnings guidance due to a goodwill impairment
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FRIWO AG's 2021 annual result meets revenue forecast and is slightly below earnings guidance due to a goodwill impairment Ostbevern, 15th February 2022: Based on preliminary unaudited figures, FRIWO AG's consolidated revenue for the 2021 financial year is expected to be in the region of 100 million euros, in line with the communicated guidance, w...
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10 December 2021 01:00PM
Joint Venture between FRIWO AG and UNO MINDA Group opens new e-mobility perspectives for both companies
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DGAP-Media / 10.12.2021 / 13:00 Joint Venture between FRIWO AG and UNO MINDA Group opens new e-mobility perspectives for both companies - Creating a technology and market leader in the two and three wheeler e-vehicle market - India offers huge growth potential due to its government's mission plan to push for e-mobility - Sound financial b...
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10 December 2021 12:34PM
FRIWO AG: FRIWO enters into a joint venture with the UNO MINDA Group and decides on capital increase via a cash capital increase and contribution in kind
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FRIWO enters into a joint venture with the UNO MINDA Group and decides on capital increase via a cash capital increase and contribution in kind Ostbevern, 10th December 2021 - FRIWO AG entered a Joint Venture with UNO MINDA Group. FRIWO will hold a minority stake of 49.9 percent and will consolidate the income from the Joint Venture through the c...
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