Publication of inside information in accordance with Article 17 MAR

HWA AG loses important racing program

Affalterbach, 24. July 2017, HWA AG has been informed that Daimler AG will not continue its motorsport activities in the racing series DTM after the year 2018. HWA AG acts as Full-Service provider for Daimler AG in DTM. With the termination of the DTM engagement by Daimler AG, HWA AG will lose nearly the complete turnover of the motor racing business in 2019. Concerning the effects on the profit situation in the financial year 2019 the board of management cannot make any statement at the moment. This is related to the fact that HWA AG is going to implement appropriate measures on the cost side.

The turnover and operative profit forecast (EBIT) for the financial year 2017 will not be affected by the termination of the DTM engagement yet. However, effects on the balance sheet and profit due to the termination of the DTM engagement cannot be fully eliminated. These effects cannot be assessed at the moment. The balance sheet effects will presumably not have a cash effect.

In general the board of management intensified the feasibility of other projects in the motor racing business to compensate at least a part of the turnover decline from 2019 onwards.


Investor Relations/Press
Volker Glaser
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Tel.: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111

HWA AG profile:

Top performance and determination to win - that is the philosophy of HWA AG. The team has been active in international motorsport for nearly five decades and is one of the most successful teams of all time. As a sought-after development partner, HWA AG bundles its expertise for more victories on the racetrack.

HWA AG has existed in its current form since 1998. Hans Werner Aufrecht founded AMG, the customisation specialist for the Mercedes-Benz brand, in 1967. At the end of 1998, Aufrecht sold the original AMG Motorenbau- und Entwicklungsgesellschaft mbH to Daimler AG. As part of this sale, the motor racing business units, today's Mercedes-AMG DTM team and parts of the vehicles/vehicle components unit were spun off and transferred to HWA AG. At the end of 2006, the company was converted from a limited liability company to a stock corporation; HWA AG was floated on the stock market in April 2007.

Today, HWA AG's motor racing segment is responsible for the popular DTM touring car racing series. On behalf of Mercedes-Benz Motorsport, HWA AG takes on all activities as a full-service provider, including the development and construction of Mercedes-Benz DTM racing cars and the operation of the racing team. The vehicles/vehicle components business unit includes the development and production of vehicles and components for automotive manufacturers in the premium segment. The GT3 racing version of the Mercedes-Benz SLS AMG was developed and produced by HWA AG in close cooperation with Mercedes-AMG. The follow-up project, the Mercedes-AMG GT3, has been delivered to customer teams all over the world since December 2015. HWA AG has further expertise in the development, manufacture and servicing of Formula 3 racing engines.