April 27, 2018 / 5:16 AM / 3 months ago

BRIEF-HWA AG Says FY Group EBIT Amounted To EUR 1.9 Mln

April 27 (Reuters) - HWA AG:

* SAID ON THURSDAY DGAP-NEWS: HWA AG EXCEEDS TARGETS FOR 2017

* IN 2017, THE HWA GROUP GENERATED SALES OF MORE THAN EUR 96 MILLION AND EBIT OF EUR 1.9 MILLION

* FOR THE GROUP, THE MANAGEMENT BOARD OF HWA AG EXPECTS THE TOTAL OPERATING PERFORMANCE TO INCREASE IN 2018

* 2018 GROUP’S EBIT IS EXPECTED TO IMPROVE CONSIDERABLY IN COMPARISON TO 2017

* SAYS INFORMATION THAT DAIMLER AG WOULD NOT CONTINUE ITS MOTORSPORTS ACTIVITIES IN THE DTM RACING SERIES DID NOT HAVE ANY IMPACT ON THE FIGURES FOR 2017, AS ANNOUNCED BEFORE

* NO NEGATIVE IMPACT IS EXPECTED FOR 2018, EITHER

* INTENSIVELY EXAMINING THE IMPLEMENTATION OF OTHER PROJECTS IN THE FIELD OF MOTOR RACING TO AT LEAST PARTIALLY COMPENSATE FOR THE DECLINE IN SALES FROM THE DTM FROM 2019 ONWARDS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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