UNIWHEELS AG announced that it proposed a dividend for the year 2016 of EUR 2.00 per share against EUR 1.65 per share a year ago.
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.