The PWO Group has reported stable financial performance through the first nine months of 2025 despite facing significant headwinds in the global automotive industry and ongoing geopolitical instability. The company's ability to maintain earnings near previous year levels while navigating market weakness highlights the effectiveness of its strategic approach to customer collaboration and technological innovation.
Revenue for the period reached EUR 403.4 million, down 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 previously. The company achieved a net profit of EUR 8.7 million and maintained a strong equity ratio of 37.7%. According to CEO Carlo Lazzarini, "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."
The company's performance demonstrates the importance of long-term strategic positioning in volatile markets. Series productions and ramp-ups from previous strong new business have largely compensated for current market weakness, while the company secured approximately EUR 535 million in lifetime volume of new business, up from EUR 525 million in the prior year period. This sustained new business activity, including securing first orders from various new customers across both automotive manufacturers and suppliers, indicates continued confidence in PWO's technological capabilities.
Capital expenditure increased to EUR 28.2 million from EUR 24.4 million in the previous year as the company continues investing in expanding its market position. The company confirmed its full-year forecast, expecting revenue between EUR 500-510 million and EBIT before currency effects in the range of EUR 23-28 million. Free cash flow turned slightly negative at EUR -2.9 million for the nine-month period, though the company anticipates this will be offset in the fourth quarter, with full-year free cash flow expected to be positive in the low single-digit million euro range.
The company's expansion continues with three new orders secured for its Serbia location in the third quarter alone, securing planned growth at the new facility. Across all locations, PWO is preparing for extensive new series launches, investing in buildings, equipment, and employee development. The complete financial report for the first nine months of 2025 is available on the PWO website.
This performance matters because it demonstrates how automotive suppliers can maintain stability during industry transitions by focusing on technological leadership and early customer engagement. The company's ability to secure substantial new business despite market challenges suggests that its lightweight construction solutions remain critical as the industry navigates megatrends including electrification, safety, and comfort requirements. The sustained investment in capacity expansion and new locations indicates confidence in long-term growth prospects, even as the company manages through current market headwinds.
