Disclosure of Inside Information Pursuant to Article 17 MAR
Jun 25, 2026
This is attributable to the economic situation in the automotive industry, a general decline in demand and various cost increases affecting different materials. Geopolitical uncertainties, particularly in the Arab region, are also reflected in customer behaviour.
The proprietary HWA EVO development project is progressing well. Deliveries of the super sports car to the first customers have already commenced. The HWA EVO meets the highest quality standards. In addition, three HWA EVO.R racing cars were sold as planned. Despite these successes, the project is experiencing shortages in the supply of certain components, resulting in delays to vehicle deliveries. Consequently, some revenue will be deferred to subsequent periods.
HWA AG remains in the process of transformation. In the future, the Company intends to operate as an independent brand and to position itself as a multi-project organisation delivering third-party projects at the highest level of expertise. The significant transformation within the automotive industry, which has now become clearly visible, is causing delays in achieving these objectives. As already reported in the 2025 management report, HWA AG intends to utilise the opportunities offered by the capital markets to finance its proprietary projects and project pipeline.
HWA AG’s principal and majority shareholder, Dörflinger Management & Beteiligungs GmbH, has informed the Management Board that it will continue to support HWA AG with substantial funds of up to EUR 11 million. The Management Board will therefore implement further capital measures in the near future. As a first step, it intends to utilise the remaining Authorised Capital of up to EUR 4.3 million in full as soon as possible for the issuance of new shares.
A further capital measure of up to EUR 6.7 million is intended to be implemented subsequently. The specific form of this measure is currently still being coordinated. All shareholders are to be granted subscription rights in connection with the capital measures. The subscription price applicable to all shareholders will be set at the lower end of the permissible issue price range.
Contact
Investor Relations
HWA AG
Marc Schimmelpfennig
Benzstraße 8
71563 Affalterbach
Germany
Phone: +49 (0) 7144 8717-279
Fax: +49 (0) 7144 8718-111
ir@hwaag.com
www.hwaag.com
Company Profile of HWA AG
HWA AG is an independent 360-degree engineering specialist in the fields of automotive motorsport and high-performance vehicles. Founded in 1998 by Hans Werner Aufrecht, the Company is headquartered in Affalterbach, Germany, and employs approximately 250 highly qualified members of staff.
All products and services offered by HWA AG are guided by the principle ENGINEERING SPEED. The Company’s ambition is to develop the best and highest-quality solutions in each field, enabling its partners and customers to achieve their objectives more quickly.
Its range of services extends from the design and development of all vehicle components to the production of complete vehicles, together with the associated logistics, aftersales and support services.