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Progress-Werk Oberkirch AG (0NHL.L)

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482,360,000.00+36.65 (+0.00%)
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  • EQS Group

    Progress-Werk Oberkirch AG: PWO with positive business performance in the first half of 2021

    DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Half Year Report02.08.2021 / 08:00 The issuer is solely responsible for the content of this announcement.- New business continually high- Ongoing productivity programs take effect- Forecast for revenue and EBIT before currency effects confirmed- Group's development makes good progressOberkirch, August 2, 2021 - PWO is today presenting its half-year financial report for the 2021 fiscal year and reporting positive business performance. The succe

  • EQS Group

    Progress-Werk Oberkirch AG: PWO stärkt Fokus auf den chinesischen Markt weiter

    DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Personnel25.05.2021 / 11:14 The issuer is solely responsible for the content of this announcement.- New CEO of PWO China takes up his duties today- PWO's market presence in China to expand even faster in the futureOberkirch, May 25, 2021 - PWO welcomes Gary Guo as the new CEO of its Chinese subsidiary, PWO High-Tech Metal Components (Suzhou) Co., Ltd. He is assuming his duties today as the successor to Steven Liu, who successfully led the company through the corona pandemic and will seek other challenges outside of the Group.Gary Guo has extensive experience in the mobility industry. Over the past two decades, he has held a variety of management positions at Bosch and Continental, as well as at the US industrial group Enerpac Tool Group (formerly Actuant). He combines a deep understanding of the market and customer requirements in our industry with great enthusiasm for the opportunities and prospects of future mobility.We plan to expand our business in China over the next few years, making it a key driver of the PWO Group's growth. Gary Guo is the ideal leader to implement these goals. He will continue to strengthen the core competencies of our Chinese locations and expand their technological capabilities even more.Underlying our plans for high growth is the broad range of solutions already manufactured at our Chinese locations in Suzhou and Shenyang. With innovative lightweight solutions and the utmost in delivery reliability and quality over the entire life cycle of series production, we have earned a strong reputation in the market. This was proven to us once again in April by our customers and the numerous new contacts we made at Auto Shanghai, the leading trade show for the automotive industry in Asia.Progress-Werk Oberkirch AGThe Executive BoardCompany Profile PWO With our innovative lightweight solutions, we are the preferred partner of the global mobility industry. As an engineering house, we are constantly driving forward the development and production of sophisticated metal components and complex subsystems.Under the slogan "People, Planet, Progress", we use our technological leadership at the boundaries of what is technologically feasible in metal forming and joining to serve our customers and business partners. Responsibility is at the heart of everything we do. We see our business as a "Force for Good", as our contribution to a positive development in the future for the benefit of our customers, employees and shareholders as well as for our environment. To this end, we are focusing on digitalizing all of our processes using the tools of the fourth industrial revolution.We address the three areas of the mobility of the future: electrification, safety and comfort. More than 90 percent of our revenues is independent of combustion engines. Around 3,000 employees at five production locations and three assembly sites on three continents ensure maximum delivery reliability and quality.25.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Progress-Werk Oberkirch AG Industriestraße 8 77704 Oberkirch Germany Phone: +49 (0)7802 84-844 Fax: +49 (0)7802 84-789 E-mail: ir@progress-werk.de Internet: www.progress-werk.de ISIN: DE0006968001 WKN: 696800 Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange EQS News ID: 1200310 End of News DGAP News Service

  • EQS Group

    Progress-Werk Oberkirch AG: PWO's Virtual Annual General Meeting approves all agenda items with large majorities

    DGAP-News: Progress-Werk Oberkirch AG / Key word(s): AGM/EGM19.05.2021 / 18:43 The issuer is solely responsible for the content of this announcement. Oberkirch, May 19, 2021 - PWO AG held its 2021 Annual General Meeting virtually, which was the second time the Annual General Meeting was held in this format as a precaution due to the pandemic. Around 65 percent of the share capital was represented.In his speech, CEO Carlo Lazzarini reported to the shareholders on the Group's successful management in the 2020 fiscal year, which was dominated by the corona pandemic, and the encouraging first quarter of 2021. As communicated on April 23, 2021, the good start into the new year made it possible to significantly increase the forecast for business development in the current year.At the center of his comments was a summary of PWO's updated Equity Story, which highlights the Group's strategy and positioning. Under the slogan "People, Planet, Progress" we use our technological leadership at the boundaries of what is technologically feasible in metal forming and joining technology to serve our customers and business partners. Responsibility is at the heart of everything we do. We see our business as a "Force for Good, as our contribution to a positive development in the future for the benefit of our customers, employees and shareholders as well as our environment.We make steel light. Steel is 100 percent recyclable and has a significantly better CO2 footprint in production than carbon fiber-reinforced plastics, for example. An ever-growing number of customers are replacing plastic solutions with steel solutions from PWO, not only because they are more sustainable but also because of their greater functionality and safety, in many cases without adding weight. Additionally, we have also set ourselves distinct environmental goals at our locations with clearly defined milestones. The Oberkirch location, for example, is anticipated to be CO2-neutral by 2026, and the entire Group by 2030. The further digitalization of all processes will make a decisive contribution to achieving these as well as our other goals.In his comments, Carlo Lazzarini explains: "We have a strong position in the three future mobility trend areas - electrification, safety and comfort. PWO will therefore benefit from the transformation taking place in the mobility industry and, moreover, has the potential to penetrate new markets.The questions submitted by shareholders in advance of the Annual General Meeting related particularly to the consequences of the corona pandemic and PWO's sustainability strategy, as well as to the dividend policy and remuneration system.The entire Annual General Meeting was broadcast live on the Internet for registered shareholders and guests. The agenda included the presentation of the financial statements for the 2020 fiscal year and the resolutions on the discharge of the management and the election of the auditor. In accordance with the Act Implementing the Second Shareholders' Directive, the adoption of resolutions on the approval of the remuneration system for Executive Board and on the remuneration of the Supervisory Board members was also required. As a result of the reported loss in the 2020 fiscal year, there was no adoption of a resolution on the appropriation of profits.All resolution proposals were adopted by the Annual General Meeting. Details of the voting results have been made available on PWO's website at https://www.progress-werk.de/en/investors-press/annual-general-meeting/. Progress-Werk Oberkirch AGThe Executive BoardCompany Profile PWOPWO is a partner to the global mobility industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its more than 100-year history since it was founded in 1919. With our expertise in lightweight construction, we contribute to environmentally friendly driving and greater distances.All of the Group's more than 1,000 products contribute to electrification and safety as well as comfort. More than 90 percent of revenue is independent of combustion engines. Approximately 3,000 employees on three continents at five production sites and three assembly plants ensure the highest level of delivery reliability and quality.19.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Progress-Werk Oberkirch AG Industriestraße 8 77704 Oberkirch Germany Phone: +49 (0)7802 84-844 Fax: +49 (0)7802 84-789 E-mail: ir@progress-werk.de Internet: www.progress-werk.de ISIN: DE0006968001 WKN: 696800 Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange EQS News ID: 1198551 End of News DGAP News Service