04.07.2022 FRIWO AG  DE0006201106

DGAP-News: FRIWO AG: Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun


 

DGAP-News: FRIWO AG / Key word(s): Corporate Action/Capital Increase
FRIWO AG: Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun

04.07.2022 / 15:00
The issuer is solely responsible for the content of this announcement.


Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun

  • Capital increase of 448,162 shares completed – UNO MINDA Group holds 5.24 % of the equity of FRIWO AG
  • Equity ratio of FRIWO rises to around 22 %
  • FRIWO will invest the received 15 million euros in future growth
  • Measures to develop the Indian two- and three-wheeler market started

Ostbevern, July 4, 2022 – As communicated at the beginning of May 2022, the Indian UNO MINDA Group has acquired a 5.24 % stake in FRIWO AG – an international manufacturer of innovative power supply and e-mobility solutions – via a capital increase. The cash capital increase required for this and the issue of 448,162 new FRIWO shares were entered in the commercial register on June 28, 2022. This is an important milestone for the e-mobility joint venture between the two companies, agreed at the end of last year, to jointly develop the Indian two- and three-wheeler market. FRIWO received around 15 million euros for its investment from UNO MINDA – a globally active technology leader in the automotive and vehicle supply industry. This increases the equity ratio to around 22 %. With the inflow of liquidity, the Westphalian company has extensive funds to drive forward the planned expansion of the Group with a focus on e-mobility solutions.

Market potential of 4.5 million two- and three-wheelers with electric drive in India in 2027

The joint venture between UNO MINDA and FRIWO – in which FRIWO will hold a 49.9 % stake – aims to become a market leader in establishing e-mobility drive solutions for two- and three-wheeled vehicles in India. The respective markets promise high growth rates, also due to initiatives by the Indian government to increase the use of e-mobility. In view of the high environmental impact, a ban on combustion engines (<250 cm3) is also being discussed. Industry experts see a market potential of up to 30 million two- and three-wheelers by 2027. The share of vehicles with electric drives could increase to around 15 %.

Measures to launch the joint venture have begun

In view of the enormous potential and strong demand, both companies are working at full speed to start production as quickly as possible. Currently, the focus is on the formal and legal requirements and the necessary expansion of UNO MINDA's existing production network. As part of the joint venture, FRIWO and UNO MINDA will combine their technologies and production capacities. This will allow complete system solutions to be offered in the e-drive sector, comprising the necessary hardware and the appropriate software architecture. FRIWO expects the first substantial profit and cash flow contributions from licensing income from fiscal year 2023 onwards. Against the backdrop of discussions already underway, there are major additional sales opportunities also with well-known globally active two-wheeler manufacturers from neighboring countries in India as well as Japan. Production for this would also be done in India.

"The participation of UNO MINDA is a milestone in the history of FRIWO. Together with our new partner, we want to become a leading supplier in the Indian two- and three-wheeler market with electric drive. The potential is huge. Thanks to the successful start of preparations for the joint venture, we are confident of generating substantial earnings and cash flow contributions from the cooperation from 2023 onwards," comments Rolf Schwirz, CEO of FRIWO AG.
 

Contact investor relations and media

FRIWO AG

Ina Klassen

+49 (0) 2532 81 869

[email protected]

     

Peter Dietz

+49 (0 )69 97 12 47 33

[email protected]



04.07.2022 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: FRIWO AG
Von-Liebig-Straße 11
48346 Ostbevern
Germany
Phone: +49 (0)2532 81-0
Fax: +49 (0)2532 81-129
E-mail: [email protected]
Internet: www.friwo.com/de/about/investor-relations/
ISIN: DE0006201106
WKN: 620110
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Hamburg, Munich, Stuttgart
EQS News ID: 1390277

 
End of News DGAP News Service

1390277  04.07.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 141,31 120,53 95,76 99,36 100,55 184,87 110,00
EBITDA1,2 13,24 10,79 -11,25 0,40 -4,09 8,72 -0,50
EBITDA-Marge3 9,37 8,95 -11,75 0,40 -4,07 4,72
EBIT1,4 10,01 7,53 -15,60 -3,85 -7,97 4,31 -5,50
EBIT-Marge5 7,08 6,25 -16,29 -3,87 -7,93 2,33 -5,00
Jahresüberschuss1 7,01 5,33 -11,33 -5,51 -10,55 0,51 -7,85
Netto-Marge6 4,96 4,42 -11,83 -5,55 -10,49 0,28 -7,14
Cashflow1,7 12,35 2,04 1,47 -3,10 -17,74 -2,81 -3,40
Ergebnis je Aktie8 0,91 0,69 -1,47 -0,72 -1,37 0,06 -0,93
Dividende8 0,40 0,40 0,00 0,00 0,00 0,00 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
Friwo
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620110 32,000 Halten 273,74
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,07 33,81 0,60 -500,00
KBV KCV KUV EV/EBITDA
14,25 - 1,48 34,73
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 13.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2024 08.08.2024 07.11.2024 25.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
14,79% 2,35% 7,38% -31,62%
    
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Elektrotechnik , 620110 , CEA , XETR:CEA