Affalterbach, 20 April 2022 - HWA AG has achieved its goal of returning to profitability in 2021. After the company suffered considerably in 2020 due to the coronavirus pandemic, combined with a significant decline in sales as well as a clearly negative result, the picture turned positive last year. Overall, HWA AG achieved a turnover of 85.8 million euros in 2021 after 65.6 million euros in the previous year. EBIT was plus 1.2 million euros after a minus of 10.6 million euros in the previous year. After taxes and interest, in 2021 the Group achieved a profit of over 0.6 million euros. In the previous year, the loss was more than eleven million euros. The massive improvement on the earnings side is primarily also due to the effectiveness of the cost and efficiency programme, which was intensified in 2021. The previously negative operating cash flow of 2.5 million euros was reported positively in 2021 at just under 7 million euros. The equity capital rose from 18.1 to 19.1 million euros. The equity ratio in the Group was improved from over 26 to more than 32 percent.

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HWA AG resolves capital increase against cash contributions excluding subscription rights

Affalterbach, 24 February 2022 - The Executive Board of HWA AG has resolved, subject to the approval of the Supervisory Board, to increase the Company's share capital by 10% against cash contributions using the authorised capital 2020. The approval of the Supervisory Board is expected in the near future. To this end, the company's share capital is to be increased by a nominal amount of 599,191.00 euros from 5,991,914 euros to 6,591,105.00 euros through the issue of a total of 599,191 new no-par-value bearer shares, with the simplified exclusion of shareholders' subscription rights. The proceeds from the capital increase are intended to strengthen the equity capital of HWA AG.

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HWA AG increases sales revenue and improves earnings significantly in first half of 2021

Affalterbach, 27 October 2021 – For HWA AG, the first half of 2021 was characterised by a recovery of its business activities after the company had been significantly impacted by the restrictions in connection with the coronavirus pandemic. In Motor Racing, the FIA Formula 2 and FIA Formula 3 racing series, along with the ABB FIA Formula E championship, took place almost in full. GT customer sports, which forms part of the Vehicles/Vehicle Components segment and is important for HWA AG, has been largely intact since the beginning of the year. Spare parts and service business saw a satisfactory development in the first half of the year. Production for the Mercedes M-AMG GT racing vehicles was also positive. However, the start of already planned development projects that had not yet been implemented in the first half of 2021 fell short of expectations. As a result, short-time work was temporarily increased again and used to a greater extent than at the start of the year. At the same time, there was a focus on continuing to implement HWA AG’s general cost-cutting programme, which was also reflected in the company’s key earnings figures in the first half of 2021.

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HWA AG aims to return to profit zone in 2021

Affalterbach, 30 April 2020 - HWA AG was hit with full force by the Corona pandemic in 2020. Accordingly, turnover slumped significantly and the net income was negative. Overall, the company achieved consolidated sales of 65.6 million euros compared to 113.6 million euros in the previous year. The negative EBIT was 10.6 million euros, after minus 8.9 million euros in 2019. The former expectations before the pandemic, which foresaw a decline in turnover but a positive EBIT, were clearly missed in 2020. After taxes and interest, the loss in 2020 was 11.3 million euros after 8.2 million euros in the previous year. In the reporting period, the operating cash flow was negative at 2.5 million euros after minus 3.7 million euros in the previous year. Cash flow from investing activities was 0.8 million euros after 5.4 million euros in the previous year. At the end of 2020, HWA AG had equity capital of 18.1 million euros in the Group. The Group's equity ratio is accordingly over 26 percent.

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HWA AG: Substantial COVID-19 impacts in 2020 - but positive outlook for 2021

Affalterbach, March 09, 2021 - HWA AG announces that after analyzing the preliminary figures in the context of the preparation of the consolidated financial statements 2020, the earnings target is again weaker than expected. Recently, HWA AG informed at the end of September 2020 that a detailed forecast was no longer possible, but that the goal was still to improve the result compared to 2019. In the overall strong closing quarter, the growth segment Vehicles/Vehicle Components in particular was generally weak. Project business also developed significantly below expectations. The lockdown in Germany since November or December made no difference to this situation, which HWA AG presented as the greatest risk factor in the 2020 half-year report. As a consequence of COVID-19 and unrealized projects in 2020, negative EBIT of approximately EUR -10.6 million will be recognized in the consolidated financial statements. Revenues are expected to amount to approximately EUR 66.0 million. For 2021, the Management Board expects a recovery in business performance with year-on-year growth in sales and at least slightly positive EBIT.

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HWA AG loses racing project in Formula E

Affalterbach, November 04, 2020 - HWA AG has been informed that Daimler AG will restructure its motor sport activities in the ABB FIA Formula E Championship racing series starting with the 8th season (beginning of October 2021), and that it will compete almost entirely from its own resources. The cooperation with HWA AG as service provider for the Mercedes-Benz EQ Formula E Team will thus end after the next season; smaller engineering service scopes will remain with HWA. The Executive Board of HWA AG will immediately examine the options for compensating this future revenue shortfall in the automobile racing sector. The decision of Daimler AG has nothing to do with the performance and performance of HWA AG in the ABB FIA Formula E Championship or its service quality in general. The cooperation with Daimler AG will continue unchanged in the area of cars / car components.

HWA AG publishes half-year report 2020

Affalterbach - October 27, 2020: HWA AG has published the report for the 1st half of 2020. The report can be found on the company's homepage in the Investor Relations / Financial Reports section. Regarding the correction of the targets for the year 2020, we refer to our ad hoc release dated September 24 of this year. Detailed information on the course of the first half of 2020, which was significantly affected by the COVID-19 pandemic, as well as the further prospects in the individual segments and expectations, can be found in the interim report as of the end of June 2020.

HWA AG Publishes Annual Figures 2019

Affalterbach, April 29, 2020 – In 2019, HWA AG achieved sales of €113.6 million, compared to €101.2 million in the previous year. EBIT was negative €8.4 million, down from positive €6.5 million in 2018. HWA AG generated a loss of €8.9 million after tax. One of the reasons for the significantly negative financial result was an extraordinary write-down of the investment in the joint venture VYNAMIC GmbH, which reduced the consolidated financial result by almost €4 million. Within the context of the joint venture and the activities of HWA AG for the DTM project 2019, HWA AG incurred costs which have not yet been compensated by the DTM partners. This is why, for the time being, the loss incurred by HWA AG through the DTM project is borne by HWA AG alone. The Board of Management of HWA AG is asserting claims for damages against the partners in the DTM project. No other negative effects from the DTM campaign are to be expected in 2020.

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HWA AG: Management Board resolves on capital increase with subscription rights of EUR 8 million

Affalterbach, 28 April 2020 - Based on the authorising resolution of the Annual General Meeting on 25 July 2018, the Management Board of HWA AG has resolved, with the approval of the Supervisory Board, to increase the share capital by up to EUR 800,000.00 from EUR 5,626,500.00 to up to EUR 6,426,500.00, making partial use of the authorised capital in accordance with article 4 (4) of the articles of incorporation, by issuing up to 800,000 new, no-par-value bearer shares with a nominal value of EUR 1.00 per share and entitlement to dividends from 1 January 2019 in exchange for cash contributions.

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