OverviewSuggest Edit

Progress-Werk Oberkirch (PWO) is a partner to the automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The company designs and manufactures mechanical components for electrical and electronic applications, including electric motor housings and housings for electronic control units. It also offers safety components for airbags, seats, and steering, as well as structural components and subsystems for vehicle bodies and chassis.

TypePublic
Founded1919
HQOberkirch, DE
Websiteprogress-werk.de

Locations

Progress-Werk Oberkirch is headquartered in
Oberkirch, Germany

Location Map

Latest Updates

Employees (est.) (Dec 2019)3,426
Revenue (FY, 2018)€478 M(-1%)
Share Price (Oct 2017)€46.8 (+2%)

Key People/Management at Progress-Werk Oberkirch

Volker Simon

Volker Simon

CEO
Bernd Bartmann

Bernd Bartmann

CFO
Johannes Obrecht

Johannes Obrecht

COO
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Progress-Werk Oberkirch Office Locations

Progress-Werk Oberkirch has offices in Oberkirch, Kitchener, Shenyang, Suzhou and in 2 other locations
Oberkirch, DE (HQ)
Industriestraße 8
Kitchener, CA
255 Mcbrine Dr
Shenyang, CN
Building 16th, NO.40 Twentieth Hunhe Street., Shenyang Economy & Technology Development Zone
Suzhou, CN
No. 33 Tian'edang Rd. Yuexi Town, Wuzhong District
Valašské Meziříčí, CZ
Palackého 1261
Amozoc, MX
Andador Norte N-2 Parque Industrial, Chachapa Centro
Show all (6)

Progress-Werk Oberkirch Financials and Metrics

Progress-Werk Oberkirch Revenue

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View revenue for all periods
Progress-Werk Oberkirch's revenue was reported to be €478.05 m in FY, 2018 which is a 1% decrease from the previous period.
EUR

Revenue (Q2, 2019)

113.7m

Gross profit (Q2, 2019)

51.6m

Gross profit margin (Q2, 2019), %

45.4%

Net income (Q2, 2019)

1.2m

EBIT (Q2, 2019)

3.9m

Market capitalization (30-Oct-2017)

151.2m

Closing stock price (30-Oct-2017)

46.8

Cash (30-Jun-2019)

13.0m

EV

283.4m
Progress-Werk Oberkirch's current market capitalization is €151.2 m.
Annual
EURFY, 2016FY, 2017FY, 2018

Revenue

423.5m483.1m478.0m

Revenue growth, %

2%14%(1%)

Cost of goods sold

225.6m272.9m265.2m

Gross profit

197.9m210.2m212.8m
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

122.0m122.1m118.9m124.7m121.8m119.5m123.8m113.7m

Cost of goods sold

67.5m69.0m67.5m67.7m66.3m66.9m66.5m62.1m

Gross profit

54.5m53.1m51.4m57.0m55.4m52.7m57.2m51.6m

Gross profit Margin, %

45%43%43%46%46%44%46%45%
Annual
EURFY, 2016FY, 2017FY, 2018

Cash

2.0m9.2m10.4m

Accounts Receivable

49.2m48.3m42.1m

Prepaid Expenses

306.0k

Inventories

97.1m117.3m87.3m
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

3.2m5.9m10.2m7.2m6.3m8.8m9.8m13.0m

Accounts Receivable

72.3m70.1m62.4m53.6m48.2m42.2m47.6m44.1m

Inventories

102.6m110.9m114.5m95.2m90.6m105.1m92.1m78.1m

Current Assets

179.7m191.9m192.9m188.0m176.0m193.6m180.0m170.9m
Annual
EURFY, 2016FY, 2017FY, 2018

Net Income

9.5m10.1m6.7m

Depreciation and Amortization

24.9m24.4m24.3m

Cash From Operating Activities

46.3m38.3m38.5m

Purchases of PP&E

(27.5m)(28.0m)(25.5m)
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

2.9m5.9m8.2m4.0m7.2m7.9m3.2m4.5m

Depreciation and Amortization

6.1m12.0m18.1m6.3m12.3m18.3m6.4m12.9m

Cash From Operating Activities

(6.6m)8.0m20.3m4.8m19.0m24.1m12.3m30.1m

Purchases of PP&E

(5.0m)(10.9m)(21.5m)(4.5m)(13.6m)(16.6m)(4.4m)(17.0m)
EURY, 2019

EV/EBIT

72.8 x

EV/CFO

9.4 x

Financial Leverage

3.8 x
Show all financial metrics

Progress-Werk Oberkirch Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018

Order Volume

€600 m€730 m€300 m€304 m
Show all operating metrics

Progress-Werk Oberkirch Revenue Breakdown

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Progress-Werk Oberkirch revenue breakdown by business segment: 46.9% from Structural Components and Subsystems for Vehicle Bodies and Chassis, 32.2% from Safety Components for Airbags, Seats and Steering and 20.9% from Mechanical Components for Electrical and Electronic Applications

Progress-Werk Oberkirch revenue breakdown by geographic segment: 9.5% from Asia, 19.0% from NAFTA Area, 14.6% from Rest of Europe and 56.9% from Germany

Progress-Werk Oberkirch Online and Social Media Presence

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Progress-Werk Oberkirch Frequently Asked Questions

  • When was Progress-Werk Oberkirch founded?

    Progress-Werk Oberkirch was founded in 1919.

  • Who are Progress-Werk Oberkirch key executives?

    Progress-Werk Oberkirch's key executives are Volker Simon, Bernd Bartmann and Johannes Obrecht.

  • How many employees does Progress-Werk Oberkirch have?

    Progress-Werk Oberkirch has 3,426 employees.

  • What is Progress-Werk Oberkirch revenue?

    Latest Progress-Werk Oberkirch annual revenue is €478 m.

  • What is Progress-Werk Oberkirch revenue per employee?

    Latest Progress-Werk Oberkirch revenue per employee is €139.5 k.

  • Who are Progress-Werk Oberkirch competitors?

    Competitors of Progress-Werk Oberkirch include Continental, Rheinmetall and Schaeffler.

  • Where is Progress-Werk Oberkirch headquarters?

    Progress-Werk Oberkirch headquarters is located at Industriestraße 8, Oberkirch.

  • Where are Progress-Werk Oberkirch offices?

    Progress-Werk Oberkirch has offices in Oberkirch, Kitchener, Shenyang, Suzhou and in 2 other locations.

  • How many offices does Progress-Werk Oberkirch have?

    Progress-Werk Oberkirch has 6 offices.