PWO Group Announces Preliminary 2024 Figures Amid Challenging Conditions

Progress-Werk Oberkirch AG (PWO) has released its preliminary financial results for 2024. Despite difficult market conditions, the company reported stable revenue of EUR 555 million, slightly below the projected EUR 570 million. EBIT before currency impacts met expectations at EUR 30.1 million, highlighting effective financial management.

The company invested heavily, exceeding predictions with a capital expenditure of EUR 46.2 million. This investment focused on developing a new site in Serbia and gearing up international locations for increased production.

PWO reduced greenhouse gas emissions significantly, achieving a 6,287-tonne output, well below forecasts. However, uncertainties about new US tariff policies challenge the outlook for 2025. PWO remains committed to reducing emissions and strengthening its market position, independent of combustion engines.