UNIWHEELS AG announced earnings results for the nine months of 2017. For the quarter, the company reported revenue of EUR 405.3 million against EUR 334.9 million a year ago. EBITDA was EUR 59.7 million against EUR 51.5 million a year ago. EBIT was EUR 42.2 million against EUR 39.3 million a year ago. Net profit was EUR 42.3 million against EUR 43.5 million a year ago. Capital expenditures and investments was EUR 29.5 million against EUR 68.1 million a year ago.
UNIWHEELS confirmed the guidance for 2017, that has been published together with the 2016 results. Wheels sales are expected to increase in 2017 between 10% - 15% year over year. Group revenues are forecasted to grow between 14% and 19% year over year, taking the aluminium price development into account. And an EBITDA increase by 15% to 20% year over year is expected.