Superior Industries Europe AG
UNIWHEELS AG: UNIWHEELS AG presents financial results for 2016 Fourth record year in a row in terms of volume and earnings
DGAP-News: UNIWHEELS AG / Key word(s): Final Results/Forecast UNIWHEELS AG presents financial results for 2016 Fourth record year in a row in terms of volume and earnings – Significant volume growth: +12% to 8.8 mln wheels – Revenues up by 6.3 % to EUR 464.1 mln – EBITDA grows by 19.6% to EUR 70.2 mln – Net profit for the period – EUR 64.1 mln, an increase of 57.5% – Proposed dividend of EUR 2.00 per share – Outlook for 2017: wheel sales growth of 10%-15% yoy, revenue growth of 14%-19%, EBITDA growth of 15% – 20%
“The UNIWHEELS Group has once again set new records in terms of unit sales, revenue and EBITDA. Double-digit growth was seen in the business of both the Accessory and the Automotive divisions. Group revenues increased by 6.3% in comparison to 2015. EBITDA even grew by 19.6%, well above the forecast, on account of stringent cost control and despite the ramp-up costs at the new plant in Poland” – says Dr. Thomas Buchholz, UNIWHEELS AG CEO. “In the Automotive division, UNIWHEELS was able to build on its extremely successful customer relationships, with a focus on the premium segment, and continue diversifying its customer base. The product mix generated more value added: a greater number of larger wheels, due to the trend towards SUVs, coupled with more wheels with sophisticated surface and greater use of lightweight technology for leading premium models. ” – says Dr. Thomas Buchholz, UNIWHEELS AG CEO. “In the Accessory division unit volume rose by 11.7%. New products and applications were successfully placed on the market and enjoyed a great reception from our customers” – says Dr. Wolfgang Hiller, UNIWHEELS AG COO. In 2016 construction works of new plant in Stalowa Wola (4th Group’s plant) accelerated, and construction has been completed ahead of schedule. 2016 financial results and dividend “Net profit increased to EUR 64.8 mln (+57.5% yoy), but was influenced by a positive non-recurring and non-cash effect from fx derivative valuation and from an income from capitalized deferred taxes” – adds Dr. Obenaus. Payout of EUR 2.00 per share corresponds to dividend yield of over 4%. Key financial figures of UNIWHEELS Group for 2016:
Financial highlights 2016: – Revenues increased by 6.3%, influenced by: – wheels sales increase of 12% – product mix with higher value added – aluminum price adjustments – Material costs drop by 2.4%, reflecting lower LME aluminum prices in total in 2016 – Personnel costs (+15.2%) impacted by staff recruitments for new plant, ramp-up costs and wage increases – EBITDA increased by 19.6% to EUR 70.2 mln – EBIT up by 18.7% to EUR 52.1 mln – Both EBITDA and EBIT margins improved (to 15.1% and 11.2% respectively) – Finance: reduced interest expense (-30% yoy), net debt at EUR 42.5 mln, net debt/EBITDA ratio at 0.6x – Net profit (+57.5%) amounts to EUR 64.1 mln, benefited from a non-cash income from capitalized deferred taxes (EUR 15 mln) – Dividend proposal increased to EUR 2.00 per share from EUR 1.65 for 2015
About UNIWHEELS: The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels for cars in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry. UNIWHEELS is the third largest European supplier of OEM wheels for the automotive industry as well as the market-leading manufacturer of alloy wheels for the accessories market (AM) in Europe. Well-known Group brands include ATS, RIAL, ALUTEC and ANZIO. The Group currently has four production plants, three of which are in Poland (Stalowa Wola) and one in Germany (Werdohl). UNIWHEELS sees itself as one of the leading partners of the automotive industry for the optimum reduction of CO2 emissions by reducing the weight of alloy wheels. As well as weight-optimized construction methods, the following procedures are primarily used: Flow Forming, Lightforming, undercutting and forging. Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock Exchange. The UNIWHEELS stock is floated under security identification number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.
23.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | UNIWHEELS AG |
Gustav-Kirchhoff-Straße 10 | |
67098 Bad Dürkheim | |
Germany | |
Phone: | +49 (0)6322 9899 – 6400 |
Fax: | +49 (0)6322 9899 – 6401 |
Internet: | www.uniwheels.com |
ISIN: | DE000A13STW4 |
WKN: | A13STW |
Listed: | Regulated Unofficial Market in Berlin; Open Market in Frankfurt |
End of News | DGAP News Service |