Superior Industries Europe AG
UNIWHEELS AG: UNIWHEELS continues growth path and concludes 2016 again with record volumes
DGAP-News: UNIWHEELS AG / Key word(s): Sales Result UNIWHEELS continues growth path and concludes 2016 again with record volumes Total yearly capacity exceeds 10 million wheels now “We are optimistic about 2017. Demand from car producers remains healthy and growing. The new plant in Stalowa Wola, which is fully on schedule, should achieve significant economies of scale, the management forecasts no further ramp up costs for 2017. Therefore, substantial earnings increases are expected, assuming constant aluminium prices” – says Dr. Thomas Buchholz, UNIWHEELS AG CEO. “One of the reasons for our optimism is the fact that the second and final expansion phase of our new plant in Stalowa Wola, Poland has gone online now. We have advanced this step by one year – from early 2018 to early 2017. This allows us to reach the full additional capacity of 2 million wheels annually this year which leads to a total yearly group capacity of over 10.3 million wheels from year 2017 on.” – adds Dr. Wolfgang Hiller, UNIWHEELS AG COO. “Consequently, we confirm our FY 2016 and 2017 guidances. 2017 will also be characterized by the decision-making process with regards to an international location for a 5th plant and the planning for a further expansion of the Stalowa Wola site to create an extra capacity of 1 million wheels from first half of 2019 on.” – concludes Dr. Karsten Obenaus, UNIWHEELS AG CFO. 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. In 2015 UNIWHEELS Group had with a sales volume of 7.8 million wheels EUR 436.5 million of revenues and an EBITDA of EUR 58.7 million. 2,539 employees worked for the Group. 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: Oliver Madsen
24.01.2017 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 |