EANS-News: Progress-Werk Oberkirch AG / PWO reports continued high level of new order intake

- New orders won with lifetime volume of more than EUR 120 million
- All PWO sites benefit
- Expected revenue growth of up to 15% p.a., also beyond 2012

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Company Information

Subtitle:
- New orders won with lifetime volume of more than EUR 120 million
- All PWO sites benefit
- Expected revenue growth of up to 15% p.a., also beyond 2012

Oberkirch (euro adhoc) - Oberkirch, May 18, 2011 - PWO is currently
making highly successful progress on the market. In the first four
months of 2011, the company has already won new orders for the series
production runs for high-end metal components and subsystems with a
lifetime volume of more than EUR 120 million. Due to the long lead
times in our business, which also represent a high degree of planning
security, the new orders will start up and ramp up in the financial
years from 2013. They will contribute to allowing us to continue our
budgeted high revenue growth of up to 15% p.a. over the next two
years, as well as beyond 2012. The Group's profitability is also to
be continuously strengthened over the coming years.

The new orders have a series duration of between six and eight years,
and affect all PWO sites. They thereby confirm the success of our
international positioning in Europe, NAFTA and Asia. The components
relate to various platforms and vehicle models of several
manufacturers. This will allow us to remain largely independent of
the market success of individual models in the future. After having
won several major orders for car body and chassis components (mainly
cross-members) in recent years, we have recently made a successful
return to other product areas such as airbags, seats and steering.
The orders that we have now acquired allow us to continue our
strategy of managing a balanced product portfolio, and of thereby
continuing the Group's ongoing growth.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile PWO is one of the world's leading suppliers of
high-end metal components for automobile safety and comfort. The
company has developed unique knowledge in the forming and joining of
metals over the course of its over 90-year history since it was
founded in 1919. The German location at Oberkirch today employs
around 1,200 staff members. The Group is globally represented with
further sites in China, Canada, Mexico and the Czech Republic, and
employs around 2,200 staff around the world.

PW0 is a partner to the global automotive industry for the
development and production of innovative products in the areas of
"Mechanical components for electrical and electronic applications",
"Safety components for airbags, seats and steering" and "Components
and systems for vehicle bodies and chassis".

end of announcement euro adhoc
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company: Progress-Werk Oberkirch AG
Industriestraße 8
D-77704 Oberkirch
phone: +49(0)7802 84-0
mail: info@progress-werk.de
WWW: http://www.progress-werk.de
sector: Automotive Equipment
ISIN: DE0006968001
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

ots Originaltext: Progress-Werk Oberkirch AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: bernd.bartmann@progress-werk.de

Branche: Automotive Equipment
ISIN: DE0006968001
WKN: 696800
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade