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PWO Group Reports EUR 363m New Business and Increases Free Cash Flow

Stock price chart of Progress-Werk Oberkirch AG (EBR:PWO) showing fluctuations.

PWO Group announced robust results for H1 2026, securing new business worth EUR 363 million. Free cash flow saw an increase to EUR 3.3 million, compared to EUR 0.8 million last year. Revenue totaled EUR 252.7 million, down from EUR 273.4 million, affected by a drop in tool revenue and EUR 5 million in currency losses.

The Americas, particularly the Mexico segment, contributed significantly to this growth, while Europe and China also performed well. EBIT before currency impact fell to EUR 7.3 million, in part due to start-up expenses for new series production.

PWO maintained a steady equity ratio of 37.1% and reduced capital expenditure to EUR 11.3 million. The company remains committed to its fiscal year goals, expecting revenue of approximately EUR 500 million and EBIT in the range of EUR 13m to EUR 17m.

R. E.

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