Edition:
United States

Progress Werk Oberkirch AG (PWOG.DE)

PWOG.DE on Xetra

49.65EUR
11:36am EDT
Change (% chg)

€0.14 (+0.29%)
Prev Close
€49.50
Open
€49.88
Day's High
€50.49
Day's Low
€49.65
Volume
6,227
Avg. Vol
2,451
52-wk High
€50.90
52-wk Low
€31.66

Latest Key Developments (Source: Significant Developments)

Progress Werk Oberkirch Q1 group revenue rises to 117.1 mln euros
Thursday, 4 May 2017 02:00am EDT 

May 4 (Reuters) - Progress Werk Oberkirch AG ::PWO with strong revenue and earnings growth in Q1 2017.Q1 overall, group revenue rose to 117.1 million euros (p/y: 103.7 million euros), and total output increased to 122.0 million euros (p/y: 100.2 million euros).Q1 EBIT before currency effects grew to 5.6 million euros (p/y: 4.8 million euros), and 5.2 million euros including currency effects (p/y: 3.6 million euros).Q1 net income for period improved to 2.9 million euros (p/y: 1.3 million euros) and earnings per share to eur 0.91 (p/y: eur 0.42).Revenue and earnings growth in Q1 were well above growth rates forecast for entire 2017 fiscal year.  Full Article

Progress-Werk Oberkirch extends contract of Bernd Bartmann
Thursday, 30 Mar 2017 02:11am EDT 

Progress Werk Oberkirch AG : Supervisory board extends contract of Bernd Bartmann .Bernd Bartmann is thereby appointed until Dec. 31, 2020 and will continue to lead commercial operations.  Full Article

Progress-Werk Oberkirch proposes higher dividend for 2016
Thursday, 30 Mar 2017 02:10am EDT 

Progress Werk Oberkirch AG : Confirms 2016 preliminary figures and is on track to meet medium-term targets . Higher dividend proposed for 2016 .Propose a dividend of 1.60 euros ($1.72) (p/y: 1.55 euros) to annual general meeting on May 23, 2017.  Full Article

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

More From Around the Web

BRIEF-Progress Werk Oberkirch Q1 group revenue rises to 117.1 mln euros

* Q1 overall, group revenue rose to 117.1 million euros (p/y: 103.7 million euros), and total output increased to 122.0 million euros (p/y: 100.2 million euros)