December 15, 2006 (Press release)
PWO: Karl M. Schmidhuber appointed as Chairman of the Management Board
At a meeting convened on December 14, 2006, the Supervisory Board of Progress-Werk Oberkirch AG (PWO) appointed Mr. Karl M. Schmidhuber, since May 2004 spokesperson of the Board of Management, as Chairman of the Board of Management ... more

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December 13, 2006 (Press release)
PWO seeks to extend weekly working hours in Oberkirch
Progress-Werk Oberkirch AG is looking to extend the weekly working time at its Oberkirch plant from currently 37.5 to 38.5 hours in 2007 and to 40.0 hours from 2008 by negotiating individual contractual agreements with its employees. In return, ... more

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December 6, 2006 (Ad hoc)
PWO continues international expansion with acquisition in Mexico
Progress-Werk Oberkirch AG is taking its strategy of international expansion to the next level according to plan by acquiring a well-known automotive supplier in Mexico. In acquiring an interest in Cartec, S.A. de C.V., a privately held company based in Puebla ... more

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November 8, 2006 (Press release)
PWO with solid performance after first nine months
Progress-Werk Oberkirch AG has concluded the first nine months of the current 2006 financial year with satisfactory results. Group revenue edged up by 3.7 per cent to EUR 167.5 million (prev. year: EUR 161.5m). The third quarter produced revenue growth of 4.8 per cent ... more

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October 16, 2006 (Press release)
PWO steps up its activities within the capital market
Committed to its strategy of "Leveraging Opportunities for International Growth", Progress-Werk Oberkirch AG is penetrating a number of new markets around the globe. As a result of this incisive approach, the company looks set to generate considerable forward ... more

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September 13, 2006 (Press release)
Joint-Venture in China established as planned
Progress-Werk Oberkirch AG continues its targeted strategy of international growth. The company has now completed the process of establishing a joint venture with Korean-based TAE HWA Enterprise Co., LTD., announced on March 9th. TAE HWA is the market leader ... more

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August 2, 2006 (Press release)
PWO remains on track after first six months
Progress-Werk Oberkirch AG can look back on an encouraging first six months of the 2006 financial year. In the first half of the financial year consolidated revenue rose by 3.3 per cent to EUR 113.3 million (6M 2005: 109.7). Group revenue for the second quarter totalled ... more

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June 6, 2006 (Press release)
PWO announces encouraging level of incoming orders for Czech-based unit
The international growth strategy pursued by Progress-Werk Oberkirch AG has gained further momentum. The Group has secured a number of large-scale orders for its operational unit located in the Czech Republic and will thus be channelling investments into an additional ... more

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May 8, 2006 (Ad hoc)
PWO with solid start to FY 2006
Progress-Werk Oberkirch AG began the 2006 financial year with a solid performance. In the first quarter, consolidated revenue rose by 11.5 per cent to EUR 57.4 million (Q1 2005: 51.5). Volume-related growth was particularly encouraging, rising slightly beyond PWO's forecast ... more

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March 27, 2006 (Press release)
PWO anticipates stronger growth abroad over coming years
Progress-Werk Oberkirch AG will be presenting its report for 2005 at today's annual results press conference. The definitive results are comparable to the preliminary figures announced on February 13, 2006. The PWO Group recorded ... more

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March 20, 2006 (Ad hoc)
Dividend proposal
The Executive Board of Progress-Werk Oberkirch AG has decided to propose an unchanged dividend of EUR 1.10 per share for 2005 at the Annual General Meeting on May 23, 2006 ... more

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March 9, 2006 (Ad hoc)
PWO continues to pursue international growth
Progress-Werk Oberkirch AG has decided to expand into China, where it will commence production of housings for electric motors and assemblies for the local automotive market by the end of the 2006 financial year ... more

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February 13, 2006 (Ad hoc)
PWO improves earnings and bolsters equity
Despite increasingly challenging market conditions, Progress-Werk Oberkirch AG once again met its forecasts in the 2005 financial year. According to preliminary figures, Group sales rose by more than 9 per cent to approx. EUR 220 million (FY 2004: EUR 201.1m). Total output ... more

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