PWO AG: 2023 Preliminary Results and 2024 Outlook

The PWO Group has announced its preliminary figures for the 2023 fiscal year, demonstrating a strong performance, with revenues and EBIT before exchange rate effects in line with or above expectations. The company also foresees continued growth for 2024 despite a challenging macroeconomic and sectoral environment.

In 2023, PWO achieved a turnover of 555.7 million euros and an EBIT before exchange rate effects of 28.1 million euros, showcasing its ability to effectively manage investments and reduce greenhouse gas emissions. These results are part of a strategy of diversification and decarbonization of the company.

For 2024, PWO anticipates an increase in turnover to around 570 million euros and an EBIT before exchange rate effects between 29 and 32 million euros. These forecasts are based on the success of new business ventures and continuous optimization of production, particularly through increased use of green electricity.

These ambitious outlooks reflect PWO's confidence in its ability to sustain its growth while contributing to green mobility. The publication of the final results for 2023 is scheduled for March 21, 2024.