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Progress Werk Oberkirch AG (PWOG.DE)

PWOG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Progress Werk Oberkirch FY net income up at 9.5 mln euros
Wednesday, 22 Feb 2017 02:00am EST 

Progress Werk Oberkirch AG : Fully meets 2016 forecasts and plans to continue strong growth in 2017 . FY EBIT including currency effects totaled 19.7 million euros ($20.73 million)(p/y: 18.1 million euros) . FY group's revenue and total output increased only moderately to 409.6 million euros (p/y: 404.6 million euros) and 423.5 million euros(p/y: 413.3 million euros), respectively . FY net income for period reached 9.5 million euros (p/y: 7.5 million euros), earnings per share equaled 3.05 euros (p/y: 2.41 euros) . Expects 2017 revenue excluding material price effects to grow to roughly eur 430 million . Progress werk oberkirch - anticipates 2017 disproportionate rise in EBIT before currency effects to 23 mln to 24 million euros .2017 outlook: net income for period should increase even more due to expected continued decline in burdens from financial result and tax rate.  Full Article

Progress-Werk Oberkirch concludes a syndicated loan agreement
Monday, 8 Aug 2016 02:00am EDT 

Progress Werk Oberkirch AG : PWO concludes a syndicated loan agreement for the first time . Secures volume of 100 million euros ($110.92 million) for five years .Loan combines previously existing bilateral financing and expands group's financial leeway.  Full Article

Progress Werk Oberkirch Q2 revenue up at EUR 105.0 million
Thursday, 4 Aug 2016 02:00am EDT 

Progress Werk Oberkirch AG : Announces strong second quarter and first half of 2016 . Revenue in Q2 increased to 105.0 million euros ($116.96 million) (previous year: 101.2 million euros), and total output rose to 110.0 million euros (previous year: 106.3 million euros) . Q2 EBIT before currency effects climbed 25 percent to 6.6 million euros (previous year: 5.3 million euros) . Q2 net income for period including currency effects of -0.2 million euros (previous year: -1.4 million euros) and after financial expenses and income taxes increased to 3.5 million euros (previous year: 1.5 million euros) .Confirms 2016 forecast of a slight improvement in revenue to around 410 million euros and an increase in EBIT before currency effects to a total of 20 million euros.  Full Article

Progress Werk Oberkirch reconfirms 2016 outlook
Wednesday, 1 Jun 2016 02:06am EDT 

Progress Werk Oberkirch AG : Company reconfirms 2016 outlook, which forecasts group revenue of approximately 410 million euros ($455.84 million) and group EBIT excluding currency effects of 20 million euros . AGM accepts dividend increase from 1.45 euro to 1.55 euro .In the Supervisory Board meeting following AGM, Schmidhuber was elected as chairman of Progress-Werk Oberkirch AG's Supervisory Board.  Full Article

Progress Werk Oberkirch confirms FY 2016 outlook
Wednesday, 4 May 2016 02:00am EDT 

Progress Werk Oberkirch AG:Well on our way to achieving our annual targets for revenue and EBIT before currency effects.Continue to expect a slight improvement in revenue to around 410 million euros and an increase in EBIT before currency effects to a total of 20 million euros in 2016.  Full Article

Progress Werk Oberkirch to propose dividend
Wednesday, 30 Mar 2016 02:00am EDT 

Progress Werk Oberkirch AG:Dividend of 1.55 euro per share (previous year: 1.45 euros) to be proposed to annual general meeting for FY 2015.  Full Article

Progress Werk Oberkirch AG issues FY 2016 outlook in line with analysts' estimates
Monday, 22 Feb 2016 02:00am EST 

Progress Werk Oberkirch AG:For 2016 forecasts revenue of roughly 410 million euros and EBIT of 20 million euros​.FY 2016 revenue 405.50 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT 20 million euros - Thomson Reuters I/B/E/S.  Full Article

Progress Werk Oberkirch opens its first dedicated assembly location in China
Monday, 14 Sep 2015 02:00am EDT 

Progress Werk Oberkirch AG:Has opened its first dedicated assembly location in Shenyang, China.Total investment volume for space rented over a 10-year period amounts to approx. 4.5 million euros.New model start-ups in early 2016.  Full Article

Progress Werk Oberkirch wins global large order for lightweight cross-members
Wednesday, 19 Aug 2015 02:00am EDT 

Progress Werk Oberkirch AG:Wins global large order for lightweight cross-members.Lifetime volume of more than 100 million euros.Contract from a premium car manufacturer in Southern Germany for development and production of cockpit cross-members.  Full Article

Progress Werk Oberkirch reconfirms FY 2015 outlook
Thursday, 30 Jul 2015 02:01am EDT 

Progress Werk Oberkirch AG:Forecasts for FY 2015 confirmed.Continues to expect revenues of approx. 400 million euros and EBIT of roughly 19 million euros.FY 2015 revenue estimate 398.30 million euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 18.30 million euros - Thomson Reuters I/B/E/S.  Full Article

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