DGAP-News: HWA AG announces solid half-year results
(firmenpresse) - DGAP-News: HWA AG / Key word(s): Half Year Results
HWA AG announces solid half-year results
30.08.2011 / 08:00
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HWA AG announces solid half-year results
Affalterbach, 30 August 2011 - HWA AG is reporting revenues of EUR 27.0
million (m) for the first six months of 2011. Profit before interest and
taxes (EBIT) amounted to EUR 2.0m. Post-tax profits came out at EUR 1.3m,
yielding earnings per share of 25 euro cents.
Sales and all major earnings measures have all improved slightly compared
with the same period last year. This was largely the result of the good
performance of the vehicles and vehicle components business. The leasing
and sale of Formula 3 engines lived up to expectations, and HWA AG's
revenues from motor racing in the first half of the year remained steady.
'The solid achievements reported last year are continuing in 2011. We are
well on the way to achieving respectable results for financial 2011 as a
whole,' says Gerhard Ungar of HWA AG's Management Board. The Board's
objective for 2011 is to ensure that the final results are sustained and
sustainable at least at the same level as last year.
Contact:
Investor Relations
HWA AG
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir(at)hwaag.com
www.hwaag.com
Company profile HWA AG:
HWA AG was founded in 1998 as a spin-off from AMG, which was established in
1967 by Hans Werner Aufrecht as the Mercedes-Benz customisation specialist.
Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren-
und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the
course of the disposal, motor racing, what is today the AMG-Mercedes team
in the German Touring Car Championship (DTM) and parts of the vehicles and
components business was spun off and transferred to HWA AG. In the motor
racing business, HWA AG acts as a full service provider to Daimler AG
Motorsport in the DTM. It is responsible for the whole process of
development and construction of the racing cars, including the motors,
together with all other activities involved in the racing team's
operations. In its vehicles and components business, it develops and builds
cars and vehicle components for the automobile industry. Since 2003 HWA AG
has been producing and servicing racing engines for the Formula 3
Euroseries and the British Formula 3 Series.
End of Corporate News
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30.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: HWA AG
Benzstraße 8
71563 Affalterbach
Germany
Phone: +49 (0)7144 87 17-279
Fax: +49 (0)7144 87 18-111
E-mail: ir(at)hwaag.com
Internet: http://www.hwaag.com
ISIN: DE000A0LR4P1
WKN: A0LR4P
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
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