on Progress-Werk Oberkirch AG (isin : DE0006968001)
PWO Group Maintains Positive Trajectory in the First Half of 2024
The PWO Group has exhibited consistent growth in the first half of 2024, achieving higher revenues and EBIT compared to the previous year. CEO Carlo Lazzarini emphasized the company's strong competitiveness despite global economic uncertainties.
Key figures highlight this progress: revenue reached EUR 288.6 million, and EBIT excluding currency effects amounted to EUR 15.5 million. Free cash flow saw a significant rise to EUR 25.7 million, reflecting efficient resource management.
The company is expanding its market position and progressing with the construction of a new site in Serbia, a key hub for the European mobility industry. The forecast for free cash flow in 2024 has been upgraded, reinforcing the PWO Group's optimistic outlook.
R. H.
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