on Progress-Werk Oberkirch AG (ETR:PWO)
PWO Group Secures Over EUR 520m in New Business Amidst Market Challenges
PWO Group announced that it secured new business worth over EUR 520 million in the first nine months of 2026, maintaining its full-year forecast. This achievement was realized across diverse regions and product lines despite ongoing market challenges. CEO Carlo Lazzarini noted the company's resilience during geopolitical instability and highlighted the effectiveness of their strategy.
For the first three quarters, revenue totaled EUR 385.2 million, slightly down from the previous year's EUR 403.4 million. Declines in tooling revenue and negative currency effects were offset by the organization's cost-cutting measures and optimized capital expenditure, which reduced to EUR 17.4 million from EUR 28.2 million the previous year.
PWO Group continues to adjust investments for production capacity expansion, particularly in China and Mexico, as well as automation projects in Germany. The full-year revenue expectation remains at approximately EUR 500 million, with EBIT projected between EUR 13 million to EUR 17 million.
R. P.
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