sur Progress-Werk Oberkirch AG (ETR:PWO)
PWO Group Begins 2026 with Robust Financial Performance
PWO Group, a key player in the automotive industry, has reported a strong beginning for the fiscal year 2026 amid ongoing geopolitical uncertainties and volatile supply chains. Despite challenges, strategic focus and global presence have facilitated nearly stable series revenue, adjusted for currency effects, compared to the previous year.
In the first quarter, PWO Group's revenue stood at EUR 125.4 million, slightly down from EUR 137.0 million in 2025. EBIT before currency effects was EUR 2.8 million, affected by restructuring charges, while consolidated net income was EUR 0.3 million. The encouraging inflow of new business and a secured lifetime volume of EUR 150 million underline the company's market strength.
The completion of a EUR 20 million promissory note loan also bolstered financial stability. PWO successfully expanded its customer base, particularly acquiring a major customer in China. The positive trajectory indicates confidence in the fiscal forecast for 2026.
R. P.
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