UNIWHEELS AG Announces Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Full Year of 2017
Regarding the outlook for 2017, the company confirmed the guidance that has been published together with the 2016 results. Wheels sales are expected to increase in 2017 between 10% - 15% yoy. Group revenues are forecasted to grow between 14% and 19% yoy, taking the aluminium price development into account. And an EBITDA increase by 15% to 20% yoy is expected.