UNIWHEELS AG Proposes Dividend for the Year 2015; Announces Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016
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.