FRIWO counters persistently weak demand with high cost efficiency – growth momentum expected from 2025 onwards Group revenue falls by 28% to 64.4 million euros after nine months EBIT deteriorates only slightly to -2.9 million euros thanks to cost efficiency measures, third quarter slightly positive at 0.1 million euros E-mobility joint venture i [ … ]

Improved order intake in Q2 at FRIWO points to an upturn in the second half of 2024 – general growth trend in e-mobility intact Group revenue in the first half of the year characterized by weak demand for e-mobility, revenue falls by 31% to 40.8 million euros Half-year EBIT loss limited to -3.0 million euros thanks to cost efficiency measures E- [ … ]

E-mobility joint venture in India in full swing, promising talks on market development in neighboring countries Six of the world’s seven largest two- and three-wheeler manufacturers are already customers New FAME III funding program from the Indian government expected Promising talks about first customer orders and production in Indonesia and Vi [ … ]

FRIWO with expected moderate start in 2024 – outlook and return to operating profit in 2024 confirmed Group revenue falls to 20.7 million euros in the first quarter of 2024 – EBIT loss of -1.8 million euros E-mobility joint venture in India continues to see dynamic growth in demand Outlook: Group revenue of 100 to 120 million euros and balanced  [ … ]

FRIWO AG with changes to the Management Board Roald Gréboval will become a new member of the company's Executive Board from May 1, 2024 Predecessor Dr. Walter Demmelhuber leaves FRIWO for personal reasons Ostbevern, April 25, 2024 – The Supervisory Board of FRIWO AG – an international manufacturer of technically leading chargers and e-drive solut [ … ]

FRIWO achieves guidance in the 2023 financial year – return to profitability in 2024 and clearly positive momentum expected for subsequent years Group revenue falls to 111.1 million euros in the 2023 financial year, slightly above forecast EBIT in line with expectations at -7.4 million euros, impacted by decline in sales, structural adjustments,  [ … ]

FRIWO streamlines production structures in Vietnam – operating targets confirmed for 2023 with the aim to return to profitability in 2024 Group Intellect Power Technology from Hong Kong takes over two component production sites in Vietnam and will act as a contract manufacturer for FRIWO in the future Noticeable improvement in balance sheet quali [ … ]

FRIWO AG announces changes in the Executive Board Oliver Freund joins the company as CFO as of 1 February 2024 Predecessor Tobias Tunsch requests early termination of his Executive Board contract for personal reasons, but will remain with FRIWO in an advisory capacity Successful extension of the existing financing framework at the end of 2023 Os [ … ]