Superior Industries Europe AG
UNIWHEELS AG: UNIWHEELS AG presents financial results for Q1 2017 – double digit increase of volumes, revenues and earnings
DGAP-News: UNIWHEELS AG / Key word(s): Quarter Results UNIWHEELS AG presents financial results for Q1 2017 – double digit increase of volumes, revenues and earnings – Wheel sales volume growts by +16.7% yoy to 2.4 mln wheels – Revenues up by 20.6 % to EUR 131.6 mln – EBITDA grows by 27.0% to EUR 17.9 mln – Net profit for the period – EUR 16.4 mln, an increase of 56.2% – Outlook for 2017: guidance confirmed
In 1Q 2017 UNIWHEELS Group sold 2.436 million wheels in both segments: Automotive and Accessory (in total an increase of 16,7% in comparison to 1Q 2016). In 1Q 2017 UNIWHEELS generated EUR 131.6 mln in revenues, an increase of 20.6% yoy, mainly influenced by wheels sales increase (+16.7 % yoy), product mix with higher value added and quarterly aluminum price adjustments. In the Automotive segment, revenues grew by 19.1% yoy, the Accessory business saw a revenue increase of 21.3% yoy. Key financial figures of UNIWHEELS Group for 1Q 2017:
– Revenues increased by 20.6%, influenced by: – wheels sales increase of 16.7% – product mix with higher value added – aluminum price adjustments – Material costs rose by 34.5%, reflecting higher LME aluminum prices – Personnel costs in line with revenues (+21.8%) impacted by staff recruitments for new plant and wage increases – EBITDA increased by 27.0% to EUR 17.9 mln – EBIT up by 21.6% to EUR 12.4 mln – EBITDA margin improved by 0.7 p.p. to 13.6% – Finance: net debt at EUR 48.5 mln, net debt/EBITDA ratio at 0.6x – Net profit (+56.2%) amounts to EUR 16.4 mln, benefited from positive non-recurring effect from fx derivative valuation (EUR 3.7 mln)
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). In 2016 UNIWHEELS Group had with a sales volume of 8.8 million wheels EUR 464.1 million of revenues and an EBITDA of EUR 70.2 million. 2,918 employees worked for the Group. 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. For more information please contact:
10.05.2017 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 |