Last €33.09 EUR
Change Today +0.363 / 1.11%
Volume 5.4K
PWO On Other Exchanges
Symbol
Exchange
Xetra
As of 1:40 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

progress-werk oberkirch ag (PWO) Snapshot

Open
€33.53
Previous Close
€32.72
Day High
€33.89
Day Low
€32.42
52 Week High
05/5/14 - €58.90
52 Week Low
12/18/14 - €31.35
Market Cap
103.4M
Average Volume 10 Days
5.1K
EPS TTM
€3.61
Shares Outstanding
3.1M
EX-Date
05/22/14
P/E TM
9.2x
Dividend
€1.80
Dividend Yield
5.43%
Current Stock Chart for PROGRESS-WERK OBERKIRCH AG (PWO)

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progress-werk oberkirch ag (PWO) Details

Progress-Werk Oberkirch Aktiengesellschaft develops and manufactures advanced metal components and subsystems for the automotive safety and comfort worldwide. It focuses on supplying components and subsystems made of steel, stainless steel, and aluminum. The company offers mechanical components for electrical and electronic applications, such as housings for electronic controls and components for electric drive systems; and motor housings and sub-assemblies, including shafts, magnets, and bearings for ABS and ESP systems, fan drives, windshield wipers, and power windows. It also provides safety components, which include accumulators, other airbag components, steering systems, seat structures, and adjustment and locking systems; and structural components, including structures and accumulators for air suspension systems, vehicle body structures, cockpit module carriers/cross-members, and heat shields. The company was founded in 1919 and is headquartered in Oberkirch, Germany.

3,223 Employees
Last Reported Date: 11/4/14
Founded in 1919

progress-werk oberkirch ag (PWO) Top Compensated Officers

Chief Financial Officer, Head of Commercial A...
Total Annual Compensation: €329.0K
Chief Operating Officer, Head of Production &...
Total Annual Compensation: €347.0K
Compensation as of Fiscal Year 2013.

progress-werk oberkirch ag (PWO) Key Developments

Progress-Werk Oberkirch Aktiengesellschaft Revises Earnings Guidance for Fiscal Year 2014; Provides Earnings Guidance for Fiscal Year 2015

Progress-Werk Oberkirch Aktiengesellschaft provided earnings guidance for fiscal year 2014 and for fiscal year 2015. For 2014, the Group expects revenues of nearly EUR 380 million and, especially as a result of extraordinary charges from personnel adjustments, expects EBIT to be lower at EUR 15 million to EUR 16 million. Previously, an EBIT at the lower end of the target range of EUR 20 to EUR 21 million was forecasted. In fiscal year 2015, the savings effects will largely compensate for the estimated rise in costs in the personnel area. With revenues of around EUR 400 million, the company comes to an EBIT of around EUR 19 million. In subsequent years, the measures presented as well as the expected rise in revenues should lead to significant gains in annual earnings.

Progress-Werk Oberkirch Aktiengesellschaft Presents at 4th Annual Berenberg 1 - 1 Symposium @ German Equity Forum, Nov-25-2014

Progress-Werk Oberkirch Aktiengesellschaft Presents at 4th Annual Berenberg 1 - 1 Symposium @ German Equity Forum, Nov-25-2014 . Venue: Maritim Hotel, Theodor-Heuss-Allee 3, 60486 Frankfurt am Main, Germany.

Progress-Werk Oberkirch AG Announces Earnings Results for the Third Quarter and Nine Months of 2014; Confirms Earnings Guidance for the Full Year 2014

Progress-Werk Oberkirch AG announced earnings results for the third quarter and nine months of 2014. For the quarter, the company announced that as in the previous quarter, the group's business performance continued to be affected by slower-than-expected start-ups and ramp-ups of new series productions. Measures to adapt to current capacity utilization are being implemented, but will still need time to achieve their full effect. In the third quarter, the group revenues reached EUR 92.0 million compared with EUR 93.0 million for the same period in the previous year. Total output rose to EUR 96.7 million compared with EUR 94.2 million for the same period in the previous year, as a result of a higher level in finished goods and work-in-progress compared to the prior year. EBIT declined to EUR 4.0 million compared with EUR 4.7 million for the same period in the previous year. Net income for the period amounted to EUR 1.2 million compared with EUR 2.6 million for the same period in the previous year, and earnings per share totaled EUR 0.40 compared with EUR 0.82 for the same period in the previous year. For the first nine months, the group revenues amounted to EUR 286.7 million compared with EUR 284.7 million for the same period in the previous year, total output was EUR 295.6 million compared with EUR 292.3 million for the same period in the previous year and EBIT reached EUR 14.7 million compared with EUR 15.8 million for the same period in the previous year. At EUR 6.7 million compared with EUR 8.6 million for the same period in the previous year, net income for the period was also below the previous year's level due to a temporarily higher tax rate. Accordingly, earnings per share fell to EUR 2.16 compared with EUR 2.74 for the same period in the previous year. The present business development confirms the company’s fiscal year 2014 guidance for revenue of approximately EUR 385 million and an EBIT in the range of EUR 20 million to 21 million. How-ever, given the growing overall market risk and the continued high fluctuation in customer call orders, the risks to the company’s guidance have increased. Therefore, the company expects that revenues may be lower rather than higher than this forecast and EBIT to be at the lower end of the target range.

 

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Price/Earnings 8.8x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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