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DGAP-News: UNIWHEELS AG / Key word(s): Final Results/Forecast
UNIWHEELS AG: UNIWHEELS AG presents 2015 financial results - best year in
Company's history

24.03.2016 / 07:30
The issuer is solely responsible for the content of this announcement.


UNIWHEELS AG presents 2015 financial results -
best year in Company's history

- Double-digit increase of revenues yoy to EUR 436.5 million

- EBITDA +27.9% to EUR 58.7 million

- Net profit up by 78.7% to EUR 40.7 million

- Proposed dividend of EUR 1.65 per share

- Construction works in Stalowa Wola near completion, additional capacity
of 500 thousand wheels available in 2016

Bad Dürkheim, 24th March 2016: Germany-based alloy wheels manufacturer
UNIWHEELS AG, listed on the Warsaw Stock Exchange from May 2015, presented
its financial results for financial year 2015.

In 2015 UNIWHEELS Group sold 7.8 million wheels in both segments:
Automotive and Accessory (in total an increase of 8.2% over 2014), marking
a new annual sales record in the Company's history.

In financial year 2015 UNIWHEELS generated EUR 436.5 million in revenues,
an increase of 20.4% compared to 2014. EBITDA increased to EUR 58.7 million
(+27.9% yoy) and the EBITDA margin improved to 13.4% (from 12.7% for 2014).
Net profit rose by almost 79% to EUR 40.7 million. The Management Board is
proposing a dividend of EUR 1.65 per share (which translates into a 50%
dividend payout as previously announced).

\"2015 was not only the most successful year in the history of UNIWHEELS AG,
but also a significant milestone. The IPO in May, the largest in Poland
over the last two years, was a tremendous success and lifted our company to
the next level\" - says Dr. Thomas Buchholz, UNIWHEELS AG CEO.

\"Business also developed to our complete satisfaction in 2015. In the
automotive segment, we generated record unit sales over the entire year.
Record volume of 7.8m units sold is a product of our hard work in terms of
efficiency gains and elimination of bottlenecks in the production process.
Market conditions are continuously favourable - car sales in Europe are
increasing and demand from customers and our order book keep growing. We
are therefore very positive about our new plant soon coming on-line. The
start of operation is scheduled for this summer and the first phase will
add capacity of 500,000 wheels this year. In total, new plant will increase
our total production capacity by 25% or 2 million wheels in a number of
steps lasting through to the beginning of 2017. Our estimations regarding
growth and wheel demand and the implications on our order book have
motivated us to advance the 2nd full capacity by roughly one year.\" - adds
Dr. Thomas Buchholz.
\"Our success in manufacturing and selling top-quality wheels is also
reflected in the excellent health of our key financials. Thanks to a
beneficial product mix - with a greater share of larger wheels and more
complex surfaces used - both revenues and earnings rose significantly over
the year\" - says Dr. Karsten Obenaus, UNIWHEELS AG CFO. \"Sound financials,
an equity ratio of over 60% and a very low level of net debt provide a
solid foundation for further expansion and reaching our strategic objective
of growing faster than the market. We are anticipating a further increase
in unit sales in 2016, which should grow by a high single-digit percentage.
We are expecting consolidated EBITDA to grow by a single digit figure,
after considering ramp-up costs of the new plant\" - he adds.

\"We would like to warmly thank our shareholders for the trust they have
shown in our company. To allow them to participate in our success we will
propose a dividend of EUR 1.65 EUR at our Annual General Meeting. This
corresponds to a payout ratio of 50%, well above the average for European
automotive stocks\" - adds Dr. Karsten Obenaus.

Key financial figures of UNIWHEELS Group for 2015*:

(in EUR thousand unless otherwise stated) 2015 2014 +/-
Revenue 436,482 362,585 +20.4%
Sales volume (thousand units) 7,822 7,228 +8.2%
EBITDA 58,674 45,874 +27.9%
EBITDA margin (% of revenue) 13.4% 12.7% +0.7PP
EBIT 40,737 22,324 +82.5%
EBIT margin (% of revenue) 10.1% 8.7% +1.4PP
Net profit 40,686 22,770 +78.7%
Capital expenditures and investments 42,280 16,400 +157.8%

as of 31 Dec 2015 as of 31 Dec 2014 +/-
Equity ratio* 61.6% 31.7% +29.9PP
Net debt* 10.6 90.1 -88.3%
Personnel (headcount) 2,539 2,366 +7.3%

*The financial position improved significantly as an effect of the
successful IPO, a capital increase and conversion of a shareholder loan
into equity

Financial highlights 2015:
- Revenues increased by 20.4%, driven by:

- unit sales of wheels up 8.2%

- higher value-added from better product and wheel mix with more
complex surfaces

- aluminum price adjustments

- Material costs in line with revenue growth

- Personnel costs (higher headcount for new plant) and other operating
expenses rising at a slower pace

- Consequently EBITDA increased 27.9% yoy to EUR 58.7 million, and EBITDA
margin improved by 0.7 p.p. to 13.4%

- Successful IPO and capital increase, coupled with a conversion of a
shareholder loan have significantly rearranged UNIWHEELS financing

- Interest expenses more than halved due to new financing structure

- Net debt/EBITDA ratio significantly decreased from 2.0x at the end of
2014 to 0.2x at the end of 2015

- Dividend proposal: EUR 1.65 per share (payout ratio of 50% of net

Outlook 2016
UNIWHEELS expects 2016 to be influenced by ongoing growth in wheel demand
from European car manufacturers, especially in the premium segment. The
company plans to put phase 1 of plant 4 into operation in summer, allowing
the production of an additional 500,000 wheels this year. An average LME
aluminium price of EUR 1,550 for 2016 is estimated.
Under these assumptions, growth in group sales and group revenues in the
upper single-digit range is targeted for the fiscal year 2016.
Stringent cost management but also ramp-up costs for plant 4 are expected
to show their effects. Consequently, UNIWHEELS expects consolidated EBITDA
to grow by a single digit figure.


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 three
production plants, two 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.

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
Gustav-Kirchhoff-Str. 10
67098 Bad Dürkheim


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448453 24.03.2016