Ostbevern

EQS-News: FRIWO AG: FRIWO impacted by declining demand in segment e-mobility in the second quarter - production accelerates within the Indian joint venture

Retrieved on: 
Thursday, August 10, 2023
Ostbevern, UNO, Executive Board of the European Central Bank, Tax, Weakness, EBIT, Vehicle registration plates of Nepal, Growth, Tourism

As a result, turnover in the second quarter of 2023, at 28.8 million euros, was substantially below the comparable figure for the previous year (44.2 million euros).

Key Points: 
  • As a result, turnover in the second quarter of 2023, at 28.8 million euros, was substantially below the comparable figure for the previous year (44.2 million euros).
  • At the six-month mark, the company reported revenues of 59.7 million euros, down from 73.2 million euros (H1-2022).
  • At the end of the first half of the year, earnings were down 1.7 million euros (H1-2022: 0.1 million euros).
  • This includes substantial pre-production costs for the Indian joint venture and negative currency effects.

EQS-News: FRIWO AG: FRIWO with strong year-end quarter 2022 - Full year with record sales and significant return to profitability

Retrieved on: 
Tuesday, February 28, 2023
Financial Oversight and Management Board for Puerto Rico, Vehicle registration plates of Nepal, EBIT, Tax, UNO, EUR, Ostbevern, Annual report, Video game

Ostbevern, February 28, 2023– The FRIWO Group also benefited from the booming e-mobility business and positive trends in the other three segments in the final quarter of 2022.

Key Points: 
  • Ostbevern, February 28, 2023– The FRIWO Group also benefited from the booming e-mobility business and positive trends in the other three segments in the final quarter of 2022.
  • It should be noted that the previous year was negatively impacted by a COVID-19-related lockdown in Vietnam lasting several weeks.
  • Despite the resulting significant increase in costs over the year as a whole, FRIWO succeeded in returning to profit in the year under review.
  • FRIWO plans to publish its audited key figures and annual report for 2022 on March 30, 2023.

EQS-News: FRIWO AG: E-mobility joint venture of FRIWO and UNO MINDA receives orders worth ~400 million euros for two- and three-wheelers with electric drive in India

Retrieved on: 
Thursday, February 2, 2023
Motor vehicle, Government, UNO, Investment, Ostbevern, Renewable energy

The orders are expected to lead to sales in the years 2023 to 2026.

Key Points: 
  • The orders are expected to lead to sales in the years 2023 to 2026.
  • UNO MINDA will be financing and building the production facility and subleasing it to the joint venture.
  • And this does not have to be the end of the success story we are writing with our partner UNO MINDA.
  • In addition, the company will receive positive earnings in proportion to its stake in the joint venture.

DGAP-News: FRIWO AG: Indian UNO MINDA Group has acquired a stake in FRIWO – Measures to launch e-mobility joint venture have begun

Retrieved on: 
Monday, July 4, 2022
UNO, Motor vehicle, Solution, Government, Â, Group, Ostbevern, Renewable energy

Ostbevern, July 4, 2022 As communicated at the beginning of May 2022, the Indian UNO MINDA Group has acquired a 5.24 % stake in FRIWO AG an international manufacturer of innovative power supply and e-mobility solutions via a capital increase.

Key Points: 
  • Ostbevern, July 4, 2022 As communicated at the beginning of May 2022, the Indian UNO MINDA Group has acquired a 5.24 % stake in FRIWO AG an international manufacturer of innovative power supply and e-mobility solutions via a capital increase.
  • FRIWO received around 15 million euros for its investment from UNO MINDA a globally active technology leader in the automotive and vehicle supply industry.
  • The joint venture between UNO MINDA and FRIWO in which FRIWO will hold a 49.9 % stake aims to become a market leader in establishing e-mobility drive solutions for two- and three-wheeled vehicles in India.
  • As part of the joint venture, FRIWO and UNO MINDA will combine their technologies and production capacities.

DGAP-News: Indian UNO MINDA Group takes stake in FRIWO – Milestone for the joint development of the Indian e-mobility market

Retrieved on: 
Friday, May 6, 2022
Solution, UNO, Government, Original equipment manufacturer, Motor vehicle, Acquisition, Ostbevern, Income, Life insurance

Ostbevern, 6th May 2022 Following the approval by the responsible Indian supervisory authorities there are no further obstacles to the participation of UNO MINDA Group in FRIWO AG.

Key Points: 
  • Ostbevern, 6th May 2022 Following the approval by the responsible Indian supervisory authorities there are no further obstacles to the participation of UNO MINDA Group in FRIWO AG.
  • This transaction is an important milestone for the planned joint development of the huge Indian two- and three-wheeler market.
  • Under the joint venture, FRIWO and UNO MINDA will merge their technologies and production capacities on the Indian subcontinent.
  • The joint venture of UNO MINDA and FRIWO is aiming for a substantial market share and a market-leading position in this dynamically growing environment.