The supervisory board of HWA AG has appointed Michael Wilson (53) as an additional member of the company's Management Board. Wilson will take up his duties as Chief Technology Officer (CTO) as at October 1, 2016. In this role he will guide the technical fate of HWA AG. The previous sole director Ulrich Fritz is being made Chief Executive Officer.

The company announced earnings results for the first half of 2016. For the period, the company's sales improved by more than 32% year-on-year to EUR 49.0 million. The sales development is due essentially to the Vehicles/Vehicle Components area. EBIT amounted to EUR 0.9 million in the first six months of 2016 with net earnings of EUR 0.5 million.

The company is anticipating a significant improvement in earnings in the second half of 2016. The company's sales will be up as against the previous year for 2016 as a whole. The company is forecasting an EBIT margin in a range of between 4% and 6%.