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DE0006201106
Wed, 08.05.2024
FRIWO AG
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 [ … ]
Thu, 25.04.2024
FRIWO AG
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, [ … ]
Thu, 21.03.2024
FRIWO AG
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 [ … ]
Wed, 31.01.2024
FRIWO AG
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 [ … ]
Fri, 29.12.2023
FRIWO AG
FRIWO separates from remaining production at the Ostbevern site
New owner Private Assets takes over the Ostbevern production site and will act as a contract manufacturer for FRIWO products manufactured in Europe in the future
Employees to be taken over by Private Assets, substantial savings potential expected at FRIWO
Stronger focus of the FRIWO [ … ]
Thu, 09.11.2023
FRIWO AG
FRIWO still affected by declining demand in Europe – positive momentum expected for 2024 and subsequent years
Nine-month turnover falls to 89.5 million euros
EBIT slips into the red at -2.3 million euros – earnings impacted by start-up costs for Indian joint venture and negative currency effects
Outlook 2023: Group revenue of around 110 million [ … ]
Wed, 04.10.2023
FRIWO AG
FRIWO AG expands Executive Board
Dr Walter Demmelhuber joins the Executive Board team as of 1 October 2023
His responsibilities include sales for the core business as well as operations (excl. India)
Appointment underscores FRIWO’s global growth ambitions as a leading e-mobility solution provider
Ostbevern, 4 October 2023 – The Supervisory Boar [ … ]
Thu, 10.08.2023
FRIWO AG
FRIWO impacted by declining demand in segment e-mobility in the second quarter - production accelerates within the Indian joint venture
Quarterly turnover of 28.8 million euros significantly below previous year - EBIT almost balanced
Result includes negative impact due to pre-production costs for Indian joint venture and negative currency effects [ … ]
Fri, 07.07.2023
FRIWO AG
FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production
Considerable decline in demand in Europe, especially in the e-mobility segment after boom year 2022
Turnover and earnings in the second quarter noticeably below previous year's level
Additional negative impact due to start-up c [ … ]
Fri, 07.07.2023
FRIWO AG
FRIWO adjusts annual outlook based on declining demand – Joint venture in India on track following start of production
Considerable decline in demand in Europe, especially in the e-mobility segment after boom year 2022
Turnover and earnings in the second quarter noticeably below previous year's level
Additional negative impact due to start-up c [ … ]