01.09.2020 Progress-Werk Oberkirch AG  DE0006968001

DGAP-News: Progress-Werk Oberkirch AG: Carlo Lazzarini assumes his position on the Management Board of PWO


DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Personnel
Progress-Werk Oberkirch AG: Carlo Lazzarini assumes his position on the Management Board of PWO (news with additional features)

01.09.2020 / 16:43
The issuer is solely responsible for the content of this announcement.


Oberkirch, September 1, 2020 - As previously announced on August 25, 2020, the Supervisory Board of PWO AG has appointed Carlo Lazzarini (53) of Luxembourg as a member of the Management Board with effect from today. As of September 5, 2020, he will assume the role of Chief Executive Officer and be responsible for the market and technology area. His contract runs for a three-year term until August 31, 2023.

Carlo Lazzarini has 15 years of general management experience in internationally operating, innovation-driven technology companies. During this time, he gained extensive management experience in the transformation and improvement in the performance of companies through restructuring, change management and portfolio diversification. His industry expertise includes a broad range of experience in the mobility sector (automotive, commercial vehicles, buses, rail vehicles, suppliers).

He is fully aware of the high pressure to adapt the structure and the capacities of the Group's locations as a result of the global recession caused by the corona pandemic. Despite slight signs of recovery in some markets, the pre-crisis level in the automotive industry will not likely, if at all, be achieved again for several years.

In his comments, Carlo Lazzarini emphasizes PWO's opportunities amid the profound changes currently underway in the automotive industry: "With its core competencies in functional lightweight construction with the highest quality and delivery reliability, the PWO Group with its global presence is ideally positioned not only to accompany the changes in the industry over the medium and long term, but also to actively shape them. The topic of lightweight construction has enormous potential and will continue to gain importance in the mobility industry and beyond. It is therefore also one of my goals to utilize this core PWO competence across industries if possible. Personally, it is a pleasure and an honor for me to help shape the future of PWO together with my colleagues on the Management Board and the entire global team."

The Chairman of the Supervisory Board, Karl M. Schmidhuber, warmly welcomed the new member of the Management Board and future CEO and wished him luck in difficult times. "I can assure Carlo Lazzarini that he has the full support of the entire Supervisory Board in mastering the extensive challenges in the years ahead."

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its more than 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,000 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.

Additional features:

Picture: http://newsfeed2.eqs.com/progresswerk/1126269.html
Subtitle: Carlo Lazzarini | Mitglied des Vorstands der PWO

01.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Phone: +49 (0)7802 84-347
Fax: +49 (0)7802 84-789
E-mail: [email protected]
Internet: www.progress-werk.de
ISIN: DE0006968001
WKN: 696800
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1126269

End of News DGAP News Service

1126269  01.09.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 404,60 409,61 461,01 476,27 458,62 371,15 408,00
EBITDA1,2 42,92 44,65 44,96 42,70 45,98 21,17 45,40
EBITDA-Marge3 10,61 10,90 9,75 8,97 10,03 5,70 11,13
EBIT1,4 18,09 19,73 20,53 18,43 19,93 -10,10 17,00
EBIT-Marge5 4,47 4,82 4,45 3,87 4,35 -2,72 4,17
Jahresüberschuss1 7,54 9,52 10,06 6,64 9,10 -11,66 5,20
Netto-Marge6 1,86 2,32 2,18 1,39 1,98 -3,14 1,28
Cashflow1,7 31,11 46,30 38,31 38,45 47,95 49,20 46,00
Ergebnis je Aktie8 2,41 3,05 3,22 2,12 2,91 -3,73 1,65
Dividende8 1,55 1,60 1,65 1,35 0,00 0,00 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
696800 27,400 Halten 85,63
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,70 12,51 1,09 12,81
0,82 1,74 0,23 12,44
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 19.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.05.2021 02.08.2021 03.11.2021 25.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,25% -2,45% 41,24% 59,30%
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Automobilzulieferer , 696800 , PWO , XETR:PWO