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Business Summary: PWO AG is a Germany-based company. The Company develops and produces sophisticated metal components and complex subsystems. The Company manufactures a wide range of high-precision round parts for electrical and electronic components. The Electronic, Chassis, and Airbag components business offers a range of components for the electrification of vehicles, including components for fast chargers and electronic control units. Its Steering and Seat Components business unit mainly handles the development and production of steering consoles steering column pipes and metal structures for vehicle seats and its Body Components business unit, instrument panel carriers are a major product line.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, PWO AG revenues increased 5% to EUR555.8M. Net income increased 7% to EUR16.2M. Revenues reflect Body & Instrument Pane segment increase of 11% to EUR192.3M, Safety Components segment increase of 10% to EUR118.5M, Czech Republic segment increase of 19% to EUR123.7M, Mexico segment increase of 18% to EUR113.3M.