Brief: Progress-Werk Oberkirch Sees FY 2021 Group Revenue At EUR 405 Mln

PWO AG

22/02/2022 15:42

Feb 22 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * PWO EXCEEDS EARNINGS FORECAST FOR 2021 FISCAL YEAR
    * WE ASSUME THAT GROUP'S REVENUE IN 2021 FISCAL YEAR WILL BE
AROUND EUR 405 MILLION AND THUS WITHIN FORECAST RANGE OF EUR 400
MILLION TO EUR 410 MILLION
    * FOR 2022, WE SEE ONLY A SLIGHT INCREASE IN CALL-OFFS FROM
OUR
CUSTOMERS DUE TO ONGOING SEMICONDUCTOR CRISIS.
    * OUTLOOK 2021: EBIT BEFORE CURRENCY EFFECTS WILL
SIGNIFICANTLY
EXCEED FORECAST RANGE OF EUR 15 MILLION TO EUR 18 MILLION
    * WE EXPECT 2022 SIGNIFICANTLY HIGHER REVENUE IN REGION OF
EUR 480
MILLION, DRIVEN BY HIGHER MATERIAL COSTS.
    * OUTLOOK FOR 2022 FISCAL YEAR WILL BE FURTHER DETAILED AS
SOON AS
POSSIBLE
    * 2022 EBIT BEFORE CURRENCY EFFECTS MIGHT INCREASE TO AROUND
EUR
19 TO 22 MILLION, DESPITE SEVERAL LARGE AND COMPLEX SERIES
START-UPS AND ABSENCE OF SPECIAL EFFECTS AS WELL AS MIX SHIFT IN
SALES FROM 2021

Source text for Eikon:  ID:nEQ4lYXnna 
Further company coverage:  PWOG.DE 

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