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Business Summary: PWO AG is a Germany-based company. The Company develops and produces sophisticated metal components and complex subsystems. The Company manufactures a wide range of high-precision round parts for electrical and electronic components. The Electronic, Chassis, and Airbag components business offers a range of components for the electrification of vehicles, including components for fast chargers and electronic control units. Its Steering and Seat Components business unit mainly handles the development and production of steering consoles steering column pipes and metal structures for vehicle seats and its Body Components business unit, instrument panel carriers are a major product line.
Financial Summary: BRIEF: For the six months ended 30 June 2024, PWO AG revenues increased 3% to EUR288.6M. Net income decreased 21% to EUR6.7M. Revenues reflect Czech Republic segment increase of 7% to EUR65.9M, Mexico segment increase of 7% to EUR59.7M. Net income was offset by Other operating expenses increase of 20% to EUR27.8M (expense), Staff costs increase of 4% to EUR69.2M (expense).