DGAP-News: UNIWHEELS AG / Key word(s): Results Forecast
UNIWHEELS AG: STRATEGY 2022
21.09.2016 / 10:17
The issuer is solely responsible for the content of this announcement.
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UNIWHEELS Group
Strategy 2022
Bad Dürkheim, 21st September, 2016: Germany-based alloy wheels manufacturer
UNIWHEELS AG, listed on the Warsaw Stock Exchange, presented its strategy
until 2022 today.
Business model
The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels
for cars in Europe and is one of the few technology leaders worldwide in
the aluminum wheel industry. UNIWHEELS is the third largest European
supplier of OEM wheels for the automotive industry as well as the market-
leading manufacturer of alloy wheels for the accessories market in Europe.
It includes the well-known Group brands ATS, RIAL, ALUTEC and ANZIO. The
Group currently has four production plants, of which three are located in
Poland (Stalowa Wola) and one in Germany (Werdohl).
Mission 2022
As a leading manufacturer of alloy wheels, UNIWHEELS serves the
international automobile industry (Automotive Segment), the aftermarket
(Accessory segment) and international motorsport.
Vision 2022
The UNIWHEELS Group is a technology leader on the global market of alloy
wheels. In the fields of operations, UNIWHEELS sets industry standards
which allow the group to replicate production facilities at all times while
continuously optimizing their configuration and to act proactively
according to market needs.
Strategy 2022
Being the preferred development partner, the core of UNIWHEELS Strategy
2022 is "Technology Leadership". The strategic programme consists of five
strategic fields, which aim to ensure growth of the business as they focus
on technological innovation and market expansion along with prudent
management of costs, cash flows and capex planning:
- Profitable and sustainable growth: increase of production capacity to
over 14 million wheels through expansion of production plants; broaden
customer base and increase of market share in Europe by 5%
(Automotive); focus on premium customers with a high share of global
exports and on increasing market share in Europe as well as expanding
the production footprint into global markets
- Excellent product quality and innovation: maintaining the R&D efforts
with focus on lightweight solutions and position of technology leader
for innovative and alternative materials; solutions with greater share
of more complex wheel surfaces, forged wheels and wheels for
motorsport; greater degree of customization; cooperate with suppliers,
customers and universities of technology, proactive market research and
monitoring
- Operational excellence and process innovation: continuous improvement
of effectiveness, quality and profitability at all production locations
by the steady increase in automation, networking and standardization;
implementation of best-in-class processes by improving material flows
and automation to increase efficiency and earnings
- A team-oriented corporate culture fostering innovation: promotion and
development of workforce and improvement of internal processes,
digitalization of divisions; nurture motivation and secure
competencies; integrating CSR and sustainability throughout the value
chain,; fostering strong corporate compliance and striving towards
ethical, legal and fair behavior in all business transactions
- Cost efficiency and solid financial position: cost efficiency along
with high product quality and lean management and board structures;
sound balance sheet structure and appropriate leverage as a foundation
for growth and expansion, and stable cash flows with investor-oriented
dividend policy; capital market orientation with a transparent and
proactive investor communication
UNWHEELS Strategy 2022 also involves following the key financial targets
- Annual sales are to increase to over EUR 700 million
- EBIT margin of over 10%
- EBITDA margin of over 15%
- ROCE of over 20%
- Net debt/EBITDA ratio below 2.0x
UNIWHEELS produced nearly 8 million wheels in its four production sites in
2015. The brand new, technologically advanced Plant 4 in Stalowa Wola
opened in June 2016. Its prospective output is 2 million wheels annually
which will allow for a total capacity of approx. 10 million wheels from
2017 on.
Further information on UNIWHEELS Strategy 2022 can be found under: http://
www.uniwheels.com/uwag/en/home/investor-relations/uniwheels-profile/
strategy2022/
About UNIWHEELS:
The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels
for cars in Europe and is one of the few technology leaders worldwide in
the aluminum wheel industry.
UNIWHEELS is the third largest European supplier of OEM wheels for the
automotive industry as well as the market-leading manufacturer of alloy
wheels for the accessories market (AM) in Europe. Well-known Group brands
include ATS, RIAL, ALUTEC and ANZIO. The Group currently has four
production plants, three of which are in Poland (Stalowa Wola) and one in
Germany (Werdohl).
UNIWHEELS sees itself as one of the leading partners of the automotive
industry for the optimum reduction of CO2 emissions by reducing the weight
of alloy wheels. As well as weight-optimized construction methods, the
following procedures are primarily used: Flow Forming, Lightforming,
undercutting and forging.
In 2015 UNIWHEELS Group had with a sales volume of 7.8 million wheels EUR
436.5 million of revenues and an EBITDA of EUR 58.7 million. 2,539
employees worked for the Group.
Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock
Exchange. The UNIWHEELS stock is floated under security identification
number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.
For more information please contact:
Oliver Madsen
Head of Investor Relations
Email: o.madsen@de.uniwheels.com
UNIWHEELS AG
Gustav-Kirchhoff-Str. 10
67098 Bad Dürkheim
Germany
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21.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: UNIWHEELS AG
Gustav-Kirchhoff-Straße 10
67098 Bad Dürkheim
Germany
Phone: +49 (0)6322 9899 - 6400
Fax: +49 (0)6322 9899 - 6401
Internet: www.uniwheels.com
ISIN: DE000A13STW4
WKN: A13STW
Listed: Regulated Unofficial Market in Berlin; Open Market in
Frankfurt
End of News DGAP News Service
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503225 21.09.2016
DGAP-News: UNIWHEELS AG: STRATEGY 2022
| Source: EQS Group AG