The PWO Group has released its financial results for the first nine months of 2025, showcasing a resilient performance in a challenging global automotive market. The company reported revenue of EUR 403.4 million, a slight decline from EUR 421.2 million in the prior-year period, while EBIT before currency effects remained nearly stable at EUR 21.8 million compared to EUR 22.1 million. Net profit for the period stood at EUR 8.7 million, down from EUR 9.7 million, and free cash flow was negative at EUR -2.9 million, reflecting continued investment in growth.
CEO Carlo Lazzarini emphasized the company's strategic positioning: "Our customers are involving us in their development projects at an increasingly early stage, enabling us to jointly realize the full potential of modern lightweight construction solutions, for example, at the limits of what is technologically feasible. In this way, we are shaping the mobility of the future." This early involvement has translated into a high level of new business, with a lifetime volume of approximately EUR 535 million secured in the nine-month period, slightly above the prior year's EUR 525 million. The company also expanded its customer portfolio, winning first orders from new automotive manufacturers and suppliers across multiple locations, including three new orders for its Serbian facility in the third quarter alone.
Capital expenditure increased to EUR 28.2 million from EUR 24.4 million, as the group invests in buildings, equipment, and employee development to prepare for further series launches. Despite the negative free cash flow in the first nine months, management expects a positive turnaround in the fourth quarter. The equity ratio remained stable at 37.7% (December 31, 2024: 37.5%).
Looking ahead, the PWO Group confirmed its full-year 2025 forecasts but cautioned that the upper half of the EBIT before currency effects guidance range of EUR 23–28 million is now ambitious. Revenue is expected between EUR 500–510 million (prior year: EUR 555.1 million), with capital expenditure of around EUR 40 million (prior year: EUR 46.2 million). Free cash flow is projected to be positive in the low single-digit million euro range. The company also aims for new business lifetime volume of EUR 550–600 million (prior year: around EUR 630 million).
The full report on the first nine months of 2025 is available on the PWO Group's website at https://www.pwo-group.com/en/press-and-investors/mediacenter/reports-and-publications/.
