PWO Group Maintains Stability Despite Automotive Market Challenges Through Strategic New Business
PWO Group demonstrates resilience in the challenging automotive market by leveraging strong new business and early customer collaboration to offset market weakness while maintaining strategic investments for future growth.
The PWO Group has reported stable performance through the first nine months of 2025 despite ongoing challenges in the global automotive industry and geopolitical instability. The company achieved revenue of EUR 403.4 million, slightly below the previous year's EUR 421.2 million, while maintaining EBIT before currency effects at EUR 21.8 million, nearly matching the previous year's EUR 22.1 million.
Series productions and ramp-ups from previously secured new business have largely compensated for current market weakness, according to company reports. CEO Carlo Lazzarini noted that customers are increasingly involving the company in development projects at earlier stages, enabling joint realization of modern lightweight construction solutions. "In this way, we are shaping the mobility of the future," Lazzarini stated, emphasizing the company's role in advancing automotive technology.
The company secured approximately EUR 535 million in lifetime volume of new business during the period, slightly above the previous year's EUR 525 million. This success included securing first orders from various new customers, both automotive manufacturers and suppliers, across multiple locations. Three new orders specifically for the Serbia location in the third quarter alone support planned growth in that region.
Capital expenditure increased to EUR 28.2 million from EUR 24.4 million in the previous year as the company continues investing in buildings, equipment, and employee development to prepare for extensive new series launches. This investment contributed to a slightly negative free cash flow of EUR -2.9 million, compared to EUR 22.8 million in the previous year, though the company expects this to be offset in the fourth quarter.
The company confirmed its full-year forecasts, expecting revenue between EUR 500-510 million and EBIT before currency effects in the range of EUR 23-28 million. While acknowledging the upper half of the EBIT range represents an ambitious target, management remains focused on 2026 and beyond. Planned capital expenditure for 2025 totals approximately EUR 40 million, with free cash flow expected to be positive in the low single-digit million euro range.
PWO Group aims to achieve lifetime new business volume between EUR 550-600 million for the full year while maintaining a stable equity ratio and net debt ratio below 2.5 years. The company's detailed nine-month report is available on their website at https://www.pwo-group.com/en/press-and-investors/mediacenter/reports-and-publications/.