The Management Board of UNIWHEELS AG is proposing a dividend for the year 2015 of EUR 1.65 per share (which translates into a 50% dividend payout as previously announced).

The company announced earnings results for the year 2015. For the year, the company generated EUR 436.5 million in revenues, an increase of 20.4% compared to 2014. EBITDA increased to EUR 58.7 million (+27.9% year on year). Net profit rose by almost 79% to EUR 40.7 million. EBIT was EUR 40,737,000 against EUR 22,324,000 a year ago. Net debt was EUR 10,600 against EUR 90,100 a year ago.

The company provided earnings guidance for the year 2016. For the year, the company is anticipating a further increase in unit sales, which should grow by a high single-digit percentage. The company is expecting consolidated EBITDA to grow by a single digit figure, after considering ramp-up costs of the new plant.