Progress-Werk Oberkirch AG provided earnings guidance for 2021 and 2022. For 2021, the company expects revenue will be around EUR 405 million and thus within the forecast range of EUR 400 million to EUR 410 million. EBIT before currency effects will significantly exceed the forecast range of EUR 15 million to EUR 18 million. EBIT before currency effects of around EUR 22 million.

For 2022, The company expects significantly higher revenue in the region of EUR 480 million, driven by higher material costs. EBIT before currency effects might increase to around EUR 19 to EUR 22 million.