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Business Summary: Friwo AG is a Germany-based holding company engaged in the manufacturing power supplies and charging equipment. The Company operates four geographical business segments, including Germany, Rest of Europe, Asia and Other Regions. The Company is active in the fields of medical technology, information technology (IT), telecommunication, domestic appliances and power tools, along with the industrial applications sector. The Company's product portfolio comprises power supplies, desktop power supplies, medical power supplies, universal serial bus (USB) power supplies, flush mounting power supplies, chargers and accessories, among others. The Company is engaged in both the manufacture and wholesale of power supply and charging equipment.
Financial Summary: BRIEF: For the six months ended 30 June 2019, Friwo AG revenues decreased 20% to EUR49.7M. Net loss totaled EUR2.7M vs. income of EUR1.3M. Revenues reflect Other Europe segment decrease of 19% to EUR23.3M, Germany segment decrease of 12% to EUR21.9M. Net loss reflects Other Income decrease of 50% to EUR735K (income), Interest Expenses increase from EUR189K to EUR397K (expense).