PWO reports preliminary figures for 2024 and looks back on a successful fiscal year
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EQS-News: PWO AG
/ Key word(s): Preliminary Results
PWO reports preliminary figures for 2024 and looks back on a successful fiscal year Carlo Lazzarini (CEO): “The macroeconomic and geopolitical conditions remain challenging, making it all the more important that we focus on our strengths and consistently implement our clearly formulated corporate strategy. And this is precisely what we are doing at the PWO Group.”
February 20, 2025 – In fiscal year 2024, the PWO Group was able to stabilize its revenue in an increasingly difficult environment and to further expand its market position systematically. We are publishing the first preliminary and unaudited figures for the past year below:
As regularly reported during the year, we have robust and efficient control mechanisms in place that enable us to respond effectively to market changes. As a result, we succeeded in achieving the originally expected EBIT before currency effects, although the revenue forecast was not met due to market conditions. At EUR 630 million, the lifetime volume of new business was in line with the range that had been raised during the year and therefore significantly exceeded the original expectations published in the 2023 Annual Report. The business model, which is entirely independent of combustion engines, remains a solid foundation for our success and makes PWO an attractive partner for its customers in shaping sustainable mobility. This business model continues to form the essential basis for the PWO Group’s further expansion of its market position. After several years of very moderate capital expenditure, we invested more than originally planned in fiscal year 2024. The focus here was on the construction of our new engineering and production site in Serbia. However, all of the Group’s other international locations are also preparing for extensive series ramp-ups. The consistent decarbonization of our business remains crucial to our future success. We are therefore delighted to have once again exceeded our targets for reducing Scope 1 & 2 GHG emissions in fiscal year 2024, coming in one third below the previous year’s figure. Compared to the 2019 baseline against which we measure our progress in decarbonization, we have now reduced GHG emissions by two thirds. It is not yet possible to quantify the outlook for 2025, as the new US tariff policy and its impact on our industry are still unclear. The direct impact of tariffs between the US and Canada or Mexico would still be manageable due to our regional supply chain structure. For our industry as a whole, however, a further weakening of the market can be expected. We aim to continue reducing our GHG emissions, even though we have now reached a level from which the progress curve will flatten out. The publication of our final figures for fiscal year 2024 is scheduled for March 21, 2025. The outlook for fiscal year 2025 will be set out in more detail as soon as this is possible. The Executive Board Corporate Communications & Investor Relations
PWO Group: Pushing boundaries in lightweight metal solutions 2,000 product solutions | 3,500 employees | 10 locations | over 100 years of experience We are a global company in the mobility industry helping to shape the environmentally friendly mobility of the future through innovation and positioned to be entirely independent of combustion engines. As a value-oriented employer with family structures at a global level, we offer our employees a rewarding environment in which to realize their personal potential. Transparent and responsible corporate governance is an essential part of who we are. We have summarized our corporate strategy in the motto PEOPLE. PLANET. PROGRESS.
20.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | PWO AG |
| Industriestraße 8 | |
| 77704 Oberkirch | |
| Germany | |
| Phone: | +49 (0)7802 84-844 |
| Fax: | +49 (0)7802 84-789 |
| E-mail: | ir@pwo-group.com |
| Internet: | www.pwo-group.com |
| 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: | 2089031 |
| End of News | EQS News Service |
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2089031 20.02.2025 CET/CEST
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