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Annual General Meeting

22 May 2013 | more


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Outlook

We have exceeding our own expectations in the first quarter of 2013 and have thus created a favorable basis for fiscal year 2013. We continue to be cautiously optimistic. Despite the higher level of uncertainty in the market, we expect an approximately 8 percent increase in revenues to around EUR 390 million resulting from further series start-ups and ramp-ups. The EBIT should be in the order of EUR 23 million.

 

Growth will stem from our international locations. In view of the factors described in the segment reporting, we expect our German location to develop steadily and to attain an EBIT slightly below the prior year. 

 

We expect higher revenues at our Czech location and especially at our Canadian location. The volume in China should nearly double in comparison with the low volume of the prior year. Following the prior year's jump in revenues at our Mexican location, the volumes at this location are expected to essentially consolidate.

 

For our international locations, we expect a total increase in EBIT in the order of EUR 6 million, after EUR 3.7 million in 2012. Thus, we will continue to successively increase the profitability of these locations.