Analyst Research Report Snapshot

Title:

PROGRESS-WERK OBERKIRCH - GERMAN AUTO PARTS SUPPLIER

Price:

$10.00

Provider:

Edison Investment Research

Date:

27 Nov 2012

Pages:

2

Type:

AcrobatPDF

Companies referenced:

PWOG.DE

Available for Immediate Download
Summary:

Founded in 1919 PWO delivered the first auto parts to Daimler in 1928. PWO is one of the leading producers of formed metal parts (steel and aluminium) and subsystems for the auto sector. Its mechanical, safety and structural components can be found in many areas of a vehicle. PWO prides itself on being the only fully integrated company worldwide in its segment to offer R&D, tooling and series production. It employees over 2,800 people in five countries and generated revenue of €331m in 2011. In May 2012 PWO raised €23m through a capital increase to fund future growth. This also resulted in dilution for Dr Hengstberger and increased the share free float.

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