UNIWHEELS AG reported group earnings results for the first quarter of 2016. For the quarter, the company reported revenues of EUR 109.1 million against EUR 104.9 million a year ago. EBITDA was EUR 14.1 million against EUR 13.2 million a year ago. EBIT was EUR 10.2 million against EUR 9.6 million a year ago. Net profit was EUR 10.5 million against EUR 13.4 million a year ago. Capital expenditures and investments were EUR 23.3 million against EUR 4.3 million a year ago. The results were positively affected by derivatives valuation in other financial income - in first quarter of 2016 this impact was lower.

For the year 2016, the company expects wheel sales growth of 8% -12%, revenue growth in the upper single digit range and consolidated EBITDA growth of 8% -12%.