PWO Group Maintains Steady Progress Despite Challenges in 2024

PWO Group reported stable performance for the nine-month period of 2024, asserting adaptability amid market challenges. CEO Carlo Lazzarini emphasized the company's resilient strategy in the face of fluctuating customer demand.

Revenues slightly increased to EUR 421.2 million from EUR 417.3 million in the previous year. Despite facing weaker customer call-offs affecting EBIT, which stood at EUR 21.6 million including currency effects, effective cost management helped maintain positive outcomes.

New business exceeded expectations, with lifetime volumes projected at EUR 630 to 680 million. Expansion efforts continue, notably in Serbia and the Czech Republic, aiming to strengthen Eastern Europe as a production hub. The product range increased to include components for braking systems, expanding market reach into China and Mexico.

Continuous high free cash flow and a solid balance sheet form the foundation of PWO's growth, with equity ratio slightly dropping to 36.0 percent. Future strategies focus on seizing emerging market opportunities to sustain growth.