PWO

EQS-News: PWO Supervisory Board meeting to approve financial statements

Retrieved on: 
Wednesday, April 10, 2024
Annual, EUR, Supervisory board, Oberkirch, Policy, Bank statement, Annual report, PWO

With the proposed increase for 2023 we are continuing this tradition.”

Key Points: 
  • With the proposed increase for 2023 we are continuing this tradition.”
    Dividend of EUR 1.75 per share (PY: EUR 1.65 per share) proposed
    Oberkirch, March 21, 2024 – The Supervisory Board of PWO AG reviewed, discussed and approved the annual financial statements and consolidated financial statements for fiscal 2023 at its meeting today.
  • The annual financial statements of PWO AG have thus been adopted.
  • Our forecast is still based on the assumption that 2024 will see no major disruption to supply chains, e.g.
  • All reports of the PWO Group are published on its website at https://www.pwo-group.com/en/investors-press/news-publications/reports/ .

EQS-News: PWO further accelerates the decarbonization of the Group

Retrieved on: 
Wednesday, April 10, 2024
Geography, GHG, EUR, PWO, Science, Science Based Targets initiative, Targets, Growth, CO2, Oberkirch, Renewable energy

We have set our course for the future: Within just a few years, we will have converted the Group almost entirely to green electricity".

Key Points: 
  • We have set our course for the future: Within just a few years, we will have converted the Group almost entirely to green electricity".
  • Oberkirch, March 28, 2024 - The PWO Group is currently commissioning a photovoltaic system with an annual output of around 820,000 kWh at its San Cristobal site in Mexico.
  • Our 2 Mexican locations are among the growth drivers of the PWO Group.
  • These new series will gradually go into production over the next few years and contribute significantly to the growth of the entire PWO Group.

EQS-News: PWO Group Achieves Decarbonization Milestone Ahead of Schedule

Retrieved on: 
Wednesday, March 13, 2024
Targets, PWO, Climate, Carbon accounting, Science, Oberkirch, GHG, Carbon, Science Based Targets initiative, Renewable energy

After just 4 years, we have surpassed our 2030 targets for reducing greenhouse gas emissions ahead of schedule.

Key Points: 
  • After just 4 years, we have surpassed our 2030 targets for reducing greenhouse gas emissions ahead of schedule.
  • This means that we are reducing our carbon footprint faster than the 1.5-degree pathway envisages.”
    Oberkirch, February 26, 2024 – The PWO Group is continuing along its path of decarbonization with great success.
  • We surpassed the targets to which we committed ourselves in line with the Science Based Targets initiative (SBTI) ahead of schedule.
  • The fact that we achieved our SBTi targets ahead of schedule while continuing to grow the Group proves the effectiveness of our strategy.

EQS-News: PWO reports provisional figures for 2023

Retrieved on: 
Wednesday, March 13, 2024
PWO, Growth, EUR, Oberkirch, Greenhouse, Investment

Our aim for 2024 is to continue the PWO Group’s success story.

Key Points: 
  • Our aim for 2024 is to continue the PWO Group’s success story.
  • We have laid the foundations for expanding our global market position, increasing profitability and decarbonizing our business.”
    Oberkirch, February 22, 2024 - The PWO Group performed well in the 2023 fiscal year.
  • Our aim is to continue to systematically reduce greenhouse gas emissions while maintaining the PWO Group’s growth.
  • The publication of the final figures for the 2023 fiscal year is scheduled for March 21, 2024.

EQS-News: PWO Group continues positive development in first 9 months of 2023

Retrieved on: 
Thursday, December 7, 2023
EBIT, Vehicle registration plates of Nepal, PWO, Oberkirch, Carbon footprint, Rare-earth element, Cryptocurrency

Carlo Lazzarini (CEO): “We are making good progress in all areas of strategic importance to the Group.

Key Points: 
  • Carlo Lazzarini (CEO): “We are making good progress in all areas of strategic importance to the Group.
  • The forecasts for key performance indicators for the 2023 fiscal year were therefore raised on October 6, 2023 – in some cases for the second time this year.
  • Intensive cooperation in global teams also allows for continuous improvements in operating processes that have a positive impact on earnings.
  • The statement on the third quarter and the first 9 months of 2023 will be published on the PWO website at https://www.pwo-group.com/en/investors-press/news-publications/reports/ today.

EQS-News: PWO locations in China switch to green electricity

Retrieved on: 
Monday, August 28, 2023
Science, Electricity, Paris, Science Based Targets initiative, Oberkirch, PWO, Targets, Renewable energy

We are therefore switching our locations in China to green electricity by 2026.”

Key Points: 
  • We are therefore switching our locations in China to green electricity by 2026.”
    Oberkirch, August 28, 2023 – The PWO Group is to install a photovoltaic system with an annual output of around 400,000 kWh of green electricity at its location in Suzhou, China.
  • In addition, we will use other instruments recognized by the Science Based Targets initiative (SBTi) – such as green electricity certificates in line with the I-REC standard for example – to switch both locations to green electricity by 2026.
  • The locations in China are an important factor for reducing the greenhouse gas emissions of the entire PWO Group, as almost one-third of the Group’s expected emissions in 2023 will come from the Chinese locations.
  • Since 2009, the 2 locations in China have been supplying the Asian production sites of our customers there.

EQS-News: PWO Group reports successful business performance in first half of 2023

Retrieved on: 
Tuesday, August 8, 2023
Disclosure, Growth, EBIT, PWO, Security (finance), Beauty salon, Rare-earth element

Carlo Lazzarini (CEO): “We are systematically continuing our profitable growth strategy and thereby separating ourselves from the current economic cycle.

Key Points: 
  • Carlo Lazzarini (CEO): “We are systematically continuing our profitable growth strategy and thereby separating ourselves from the current economic cycle.
  • We are shaping the mobility of the future with our business model, which is entirely independent of internal combustion engines, and with our high innovative strength."
  • Forecasts for EBIT before currency effects and life-time volume of new business in fiscal 2023 adjusted upwards as communicated on July 26, 2023
    August 8, 2023 – The business performance of the PWO Group has exceeded expectations in the first half of 2023.
  • Thus, the ongoing expansion of our market position for several years is now also being reflected in our revenue figures.

EQS-News: Progress-Werk Oberkirch AG: PWO reports figures for first quarter of 2023

Retrieved on: 
Friday, May 12, 2023
Growth, EUR, Federal Executive Boards, EBIT, PWO, Cryptocurrency

The Group thus grew significantly in the first quarter of 2023, even exceeding the pace of growth planned for the year as a whole.

Key Points: 
  • The Group thus grew significantly in the first quarter of 2023, even exceeding the pace of growth planned for the year as a whole.
  • We started off the current fiscal year with a realistic forecast, anticipating a decline in EBIT before currency effects overall in fiscal 2023.
  • We systematically continued our profitable growth trajectory at the start of the new year, too.
  • Financing has been secured for the Group’s growth trajectory while also creating scope to take advantage of additional future opportunities in a decisive manner.

EQS-News: Progress-Werk Oberkirch AG: PWO's 100th Annual General Meeting approves all agenda items by a large majority

Retrieved on: 
Thursday, May 11, 2023
Oberkirch, Speech, Bank statement, National Executive Board of the Boy Scouts of America, Business, Supervisory board, EBIT, Progress, PWO, EUR, Supervision, Annual general meeting, Security (finance), Management

Oberkirch / Valašské Meziříčí / Kitchener / Puebla / Suzhou / May 11, 2023 – Progress-Werk Oberkirch AG held its 2023 Annual General Meeting yesterday; around 61 percent of the share capital was represented.

Key Points: 
  • Oberkirch / Valašské Meziříčí / Kitchener / Puebla / Suzhou / May 11, 2023 – Progress-Werk Oberkirch AG held its 2023 Annual General Meeting yesterday; around 61 percent of the share capital was represented.
  • In his speech, CEO Carlo Lazzarini reported to the shareholders on a record fiscal year for 2022.
  • The Executive Board and Supervisory Board therefore proposed to the 2023 Annual General Meeting the distribution of a dividend of EUR 1.65 per share for fiscal year 2022.
  • The shareholder representatives on the Supervisory Board were re-elected by a large majority.

EQS-News: Progress-Werk Oberkirch AG: PWO AG reduces Executive Board to 2 members

Retrieved on: 
Tuesday, April 25, 2023
Employment, Electrics, Czech Republic, Supervisory board, System, PWO, Electronic, Organization, Federal Executive Boards, Security (finance), Property management, Tourism, Management

Oberkirch, April 25, 2023 - Johannes Obrecht, member of the Executive Board of PWO AG and Chief Operating Officer since July 2016, has informed the Supervisory Board of PWO AG at an early stage that, for private reasons, he plans not to extend his contract, which expires in June 2024, in order to be able to devote himself to new tasks in the future.

Key Points: 
  • Oberkirch, April 25, 2023 - Johannes Obrecht, member of the Executive Board of PWO AG and Chief Operating Officer since July 2016, has informed the Supervisory Board of PWO AG at an early stage that, for private reasons, he plans not to extend his contract, which expires in June 2024, in order to be able to devote himself to new tasks in the future.
  • The Supervisory Board of PWO AG has noted this with regret and was grateful for the timely information.
  • The Supervisory Board would like to thank Mr. Obrecht for his many years of very successful service to PWO AG in various functions and for his great commitment to the internationalization of the Company.
  • In accordance with the resolution of the Supervisory Board of April 21, 2023, the Executive Board of PWO AG will be reduced from 3 to 2 members effective May 1, 2023.