UNIWHEELS AG Proposes Dividend for the Year 2016; Announces Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
The company announced earnings results for the year ended December 31, 2016. For the year, the company reported revenue of EUR 464.1 million against EUR 436.5 million a year ago. EBITDA was EUR 70.2 million against EUR 58.7 million a year ago. EBIT was EUR 52.1 million against EUR 43.9 million a year ago. Net profit was EUR 64.1 million against EUR 40.7 million a year ago. Net debt was EUR was EUR 42.5 against EUR was EUR 10.6 against a year ago. Capital expenditures and investments Personnel was EUR 0.6 against EUR was EUR 0.2 against a year ago.
The company provided earnings guidance for the year 2017. For the year, the company expects wheels sales to increase in 2017 between 10% - 15% year on year. Revenues are forecasted to grow between 14% and 19%. EBITDA growth of 15% to 20% year on year.