PWO Group maintains encouraging performance in the first half of 2025

PWO Group maintains encouraging performance in the first half of 2025

Carlo Lazzarini (CEO): “Our innovative solutions give us a clear competitive edge by pushing the boundaries of what is technologically feasible. The proprietary applications we are developing for important new applications independently of specific customer orders are also capturing widespread interest. We intend to continue on our successful course.”

• High level of new business
• Rapid strategic expansion continues
• Growth underpinned by the solid foundation of a robust balance sheet
• Guidance on EBIT before currency effects and other key performance indicators confirmed

Oberkirch, August 8, 2025 – Despite a challenging geopolitical environment, the PWO Group maintained its encouraging performance in the first half of 2025 with satisfactory financial indicators and consistently strong new business.

The PWO Group’s key performance indicators for the first half of 2025 were as follows:

• Revenue: EUR 273.4m (previous year: EUR 288.6m)
• EBIT before currency effects: EUR 13.3m (previous year: EUR 15.5m)
• EBIT including currency effects: EUR 12.6m (previous year: EUR 15.3m) 
• Net profit for the period: EUR 5.4m (previous year: EUR 6.7m)
• Capital expenditure: EUR 17.0m (previous year: EUR 10.6m)
• Free cash flow: EUR 0.8m (previous year: EUR 25.7m)
• Equity ratio: 36.5 percent (December 31, 2024: 37.5 percent)
• Lifetime volume of new business: around EUR 445m (previous year: around EUR 410m)

The automotive industry remains under pressure. This only serves to revalidate our decision to systematically diversify our customer base and keep expanding our product portfolio in recent years. The ongoing high level of new business in the first 6 months of 2025 is therefore particularly noteworthy in terms of continuing to secure the PWO Group’s future development.

We assume that revenue in the first half of 2025 has been bolstered to some extent by the pre-emptive effects of expected tariff increases. Those effects are likely to tail off in the second half of the year. In addition, the U.S. dollar is moving in a direction that is unhelpful for us. Consequently, we now expect revenue in the region of EUR 500 – 510m for fiscal 2025 (previous guidance: around EUR 530m; previous year: EUR 555.1m). Just under two-thirds of this decline is due to the market slowdown, with a good third attributable to currency effects.

We remain confident that we can offset the market-driven shortfall in earnings contributions with appropriate management measures. We are therefore confirming our guidance for this and all other key performance indicators for fiscal 2025. We anticipate EBIT before currency effects of EUR 23 – 28m (previous year: EUR 30.0m). In order to go on expanding the PWO Group’s market position, we plan on a capital expenditure of around EUR 40m (previous year: EUR 46.2m).

Free cash flow is expected to be positive in the low single-digit million euro range (previous year: EUR 33.3m). We are working tirelessly to reduce capital employed in current assets. Despite free cash flow of EUR -10.5m in the first quarter of 2025, we have already succeeded in turning things around, with a marginally positive figure for the first half of the year.

We anticipate a stable equity ratio (December 31, 2024: 37.5 percent) and a net debt ratio of less than 2.5 years (December 31, 2024: 1.6 years). In new business, we are aiming for a lifetime volume in the region of EUR 550 – 600m (previous year: around EUR 630m).

The half-year report 2025 is published on PWO’s website at https://www.pwo-group.com/en/press-and-investors/mediacenter/reports-and-publications/.

PWO AG

The Executive Board

Contact:
Charlotte Frenzel
Corporate Communications & Investor Relations
T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com
 

PWO AG
Industriestraße 8
77704 Oberkirch
pwo-group.com

PWO Group: Pushing boundaries in lightweight metal solutions

100+ million components per year | 3,300 employees | 10 locations | Over 100 years of experience

We are a global company in the mobility industry shaping the environmentally friendly mobility of the future through innovation and positioned to be entirely independent of combustion engines.
Our expertise in climate-friendly lightweight construction makes us a technology leader, combining cost-effectiveness with sustainability. We engineer and manufacture sophisticated metal components and complex systems at the limits of what is technologically feasible. We meet the challenges of our times with innovative and sustainable concepts and an overriding aim to seize the opportunities they present.

As a value-oriented employer with family-like 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.

Our corporate strategy is summarized in the motto PEOPLE. PLANET. PROGRESS.