Investment Case & Forecasts
Investment Case
PWO sets itself apart with innovative components and subsystems for a wide range of automotive applications. More than 90 percent of PWO’s revenue is independent of a vehicle’s type of drivetrain. We enjoy the highest reputation from our customers for our worldwide delivery capabilities with the maximum in quality and reliability. This is how we built our first-class market position.
Our current focus is on strengthening our profitability through a variety of cost reductions and far-reaching process improvements. In this way, we will be able to manage the Group through the structural change in the automotive industry. This is how we intend to persuade investors.
Forecasts
| Business development in 2019 | Forecast 2020 | |
|---|---|---|
| Revenue | EUR 458.6 million | ~EUR 350 million |
| EBIT before currency effects | EUR 22.2 Million | negative |
| Free cash flow | EUR 15 million | significantly below prior year |
| Equity ratio | 30.1 % | significantly below prior year |
| Dynamic leverage ratio (net debt/EBITDA) | 2.9 years | visibly higher than in prior year |
| Investments according to segment reporting excluding the effect from the first-time adaption of IFRS 16 | EUR 33.9 million | significantly below prior year |
| Lifetime new business volume (series and tool orders) | EUR 510 million | Not yet clear whether a volume of more than EUR 500 millionen can be achieved |