UNIWHEELS AG reported consolidated earnings results for the first half of 2017. For the period the company generated EUR 274.7 million in revenues, an increase of 23.2% year over year against EUR 223.0 a year ago, mainly influenced by wheels sales increase in both segments, higher value added and aluminum price adjustments. EBITDA was EUR 40.3 million against EUR 36.2 million a year ago. EBIT was EUR 29.0 million against EUR 28.4 million a year ago. Net profit was EUR 30.6 million against EUR 29.1 million a year ago. Capital expenditures and investments was EUR 15.4 million against EUR 52.6 million a year ago.
For the full year of 2017, the company confirms the guidance that has been published together with the 2016 results. Wheels sales are expected to increase in 2017 between 10% to 15% year over year. Group revenues are forecasted to grow between 14% and 19% year over year, taking the aluminum price development into account and an EBITDA increase by 15% to 20% year over year is expected.