HWA AG announced earnings results for the year 2016. For the period, the company reported sales of EUR 97.4 million in the 2016 financial year, representing a year-on-year increase of almost 17 expectations. The total operating performance for 2016 amounted to EUR 100.4 million. The company generated adjusted EBIT of EUR 2.0 million in 2016. This corresponds to an adjusted EBIT margin of around 2%. The reasons for the weaker operating performance mainly related to the vehicles and vehicle components business unit. Including this negative one-time effect, reported EBIT for 2016 amounted to EUR 0.2 million. In the previous year, the company had generated EBIT of EUR 5.1 million. As a result of the negative one-time effect, the company closed 2016 with a net loss for the year of EUR 0.3 million as compared to a net profit for the year of EUR 3.4 million in 2015.

For the year 2017, the company expects that it anticipates a decline in its total operating performance to between EUR 80 million and EUR 85 million in 2017. With regard to the EBIT margin, the management is somewhat more cautious in its calculations and anticipates a level of at least 2.5%. The goal is to close 2017 with positive earnings and resume dividend payments.