26.08.2021 Progress-Werk Oberkirch AG  DE0006968001

DGAP-Adhoc: PWO decides not to utilize KfW loans


 

DGAP-Ad-hoc: Progress-Werk Oberkirch AG / Key word(s): Financing
PWO decides not to utilize KfW loans

26-Aug-2021 / 14:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc disclosure pursuant to Art. 17 MAR

PWO decides not to utilize KfW loans

Oberkirch, August 26, 2021 - The Executive Board of PWO AG has today resolved to terminate the existing KfW loans, which have not been utilized to date, early.

The general prohibition on dividend payments therefore also ceases to apply.

The loan agreements from the KfW Special Program 2020 ("KfW-Unternehmerkredit 037") with a volume of EUR 30 million were concluded in February 2021 in order to further extend the available financial scope and to better mitigate the risks associated with the potentially longer duration of the coronavirus pandemic. Not including the KfW loans, PWO again had undrawn lines of credit of around EUR 100 million on June 30, 2021.

Despite the challenging market conditions, business went well in the first half of 2021. The current success is based on the strong performance of the international sites and the increasingly positive effects of the adjustments made at the Oberkirch production site so far. We thus successfully counteracted the negative economic impact of the coronavirus pandemic. At the same time, we are working hard to continue all productivity programs, especially in order to ensure the market success of the Oberkirch production site in the future. The good new business in the first half of the year has also made us confident about the future.

We occupy an excellent position in the three mobility trends of electrification, safety and comfort and enjoy a high reputation among our customers. The high performance of our international sites, the currently high level of new business and the extensive inquiries about a wide range of new projects all point to successful business performance in the years to come.

Progress-Werk Oberkirch AG
The Executive Board

End of ad hoc disclosure


26-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: +49 (0)7802 84-844
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: 1229146

 
End of Announcement DGAP News Service

1229146  26-Aug-2021 CET/CEST

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
PWO
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 1,07 12,81
KBV KCV KUV EV/EBITDA
0,82 1,74 0,23 12,44
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,25 0,91 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
-6,73% -2,61% 41,24% 63,10%
    
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