Gnotec Group continues to grow and extends it footprint by opening manufacturing in South Carolina, USA.

Jörgen Oldenstedt, President and CEO of Gnotec Group, comments the establishment:

“This is an important step in Gnotec Group strategical direction as becoming a world class supplier to the Automotive and Commercial vehicle industry. By establishing a strong local team in South Carolina, we will significantly improve our capability to serve our North American customers and long-term business partners.“

The new operations will be in a 30,000-square-foot production facility at 152 Regional Parkway in Orangeburg, S.C., and is expected to come online in the second quarter 2019.

Johan Westerberg, is appointed as General Manager for operations in USA. Johan is coming from a position as GM, Gnotec Sweden.

Gnotec Group is a leading International manufacturer of metal components to the demanding Automotive and Commercial Vehicle industry. Our operations in Sweden, Slovakia and China has more than 800 employees and offers state of the art technology in Automatic pressing, Welding and assembly. We offer processes and solutions for different materials, thicknesses, complexities and applications. High Automation together with Lean manufacturing, Continuous improvement and Zero Defect Principle are our DNA at each plant and performed by highly skilled employees. Among our clients, you will find leading OEM manufacturers like Volvo Car Corporation, Geely, CEVT, Jaguar/Land Rover, AB Volvo, Scania, Renault, DAF, MAN, Autoliv, Joyson, etc.

For further information, please contact:

Meeting at Gnotec Group HQ in Gothenburg, Sweden

Fr, l: Mats Gerlam, Sweden representative, Central SC Alliance, Johan Westberg, General Manager, Gnotec Inc, Martin Sailer, Member of the Board, Frauenthal, Claes Gabrielsson, CFO, Gnotec Group, Jörgen Oldenstedt, CEO, Gnotec Group, David King, VP Marketing, Central SC, Gregg Robinson, Executive Director, Orangeburg County Development, Fredrik Sidahl, CEO, FKG, Jon Baggett, Senior Project Manager, South Carolina Department of Commerce


Frauenthal Holding AG  

  • Results for the first half of 2018 
  • Outlook for 2018

 Results for the first half of 2018

  • At EUR 463.8m, the Frauenthal Group’s revenue for the first half of 2018 exceeded that in the comparative period by EUR 34.9m or 8.1%. EUR 286.1m (down 2.7%) was accounted for by the Frauenthal Trade Division and EUR 177.7m (up 31.7%) by the Frauenthal Automotive Division. The Frauenthal Trade division reported a EUR 7.8m year-on-year decline in revenue, which is primarily down to its unusually strong performance in the first half of 2017. The rise in revenue posted by the Automotive division is largely attributable to Frauenthal Powertrain which the Group acquired last year. This business unit contributed EUR 71.0m in the first half of 2018 and EUR 30.7 in the period April to June 2017.
  • At EUR 19.9m, Group EBITDA for the first half of 2018 represented an improvement of EUR 5.1m or 34.2% on the comparative period of 2017.Frauenthal Trade’s contribution to EBITDA was EUR 6.6m, up EUR 0.8m year on year (H1 2017: EUR 5.8m). This rise was largely fuelled by cost savings and optimised processes. EBITDA at Frauenthal Automotive amounted to EUR 14.0m. Up by EUR 4.1m on the same period a year earlier, this increase was mainly driven by Frauenthal Powertrain, which contributed EUR 2.4m of first-half EBITDA (Apr-Jun 2017: EUR -0.1m). The results also reflect earnings of EUR 2.1m relating to the disposal of the now deconsolidated Frauenthal Automotive Toruń sp.zo.o. subsidiary in Poland. The transaction involved the sale of a 100% stake in Frauenthal Automotive Toruń Sp.zo.o. In financial 2017, the company reported revenue of around EUR 13 million and had a headcount of 200.
  • The Frauenthal Group’s total assets increased by EUR 13.1m from EUR 418.0m at year-end 2017 to stand at EUR 431.1m as at 30 June 2018. Equity rose by EUR 6.3m to EUR 100.7m (31 Dec 2017: EUR 94.4m). This increase is primarily down to first-half profit of EUR 7.5m which saw the equity ratio rise to 23.4% as at 30 June 2018.

>to ad hoc

> to press release

Frauenthal Group reports increased revenue and EBITDA in 2017 

Vienna, 25 April 2018 

  • Annual results for 2017
  • Outlook for 2018
  • Dividend

Annual results for 2017

The Frauenthal Group reported record revenue of EUR 904.5m in 2017, which represented a year-on-year increase of EUR 129.1m or 16.6%.

Revenue at Frauenthal Automotive stood at EUR 284.1m, a year-on-year improvement of EUR 95.2m or 50.4%. This chiefly reflects the acquisition of the Automotive Division’s new powertrain business unit, which contributed EUR 91.4m to Group revenue in the period from April to December. Frauenthal Trade’s performance was positive, with revenue gains of EUR 33.9m (up 5.8%) to EUR 620.4m. This growth was chiefly attributable to strong demand from large-scale construction projects.

The Frauenthal Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 37.1m were up EUR 3.7m on the previous year’s underlying total of EUR 33.4m1. Both the Frauenthal Trade and Frauenthal Automotive divisions made positive earnings contributions, with EBITDA of EUR 20.2m (up 16.3%) and EUR 20.1m (up 11.0%) respectively. The powertrain business unit’s EBITDA was EUR 1.2m for the period April-December 2017. Both divisions’ increased earnings stemmed from market growth. The Trade Division achieved cost savings.

As a result of the impairment of EUR 21.5m recognised in the powertrain business unit, the Frauenthal Group reported negative EBIT of EUR -1.8m. Underlying EBIT (i.e. after adjustment for impairment) amounted to EUR 19.8m2, which represented a year-on-year improvement of EUR 1.6m.

Equity declined by EUR 7.4m from EUR 101.8m to EUR 94.4m, primarily as a result of the loss for the period and the rise in total assets following the acquisition of the powertrain business unit. The equity ratio declined from 28.7% as at year-end 2016 to 22.6% as at 31 December 2017.

 > to the ad-hoc

> to press-release


Changes on the Executive and Supervisory Boards of Frauenthal Holding AG – Hannes Winkler appointed Executive Board Chairman

Vienna, 13 December 2017

The Frauenthal Holding AG Supervisory Board has appointed Hannes Winkler as Executive Board Chairman and Johann Schallert as Chairman of the Supervisory Board, both with effect from 1 January 2018.

At today’s meeting of the Frauenthal Holding AG Supervisory Board, Hannes Winkler was appointed Chairman of the Executive Board for a three-year term beginning on 1 January 2018. He will step down as Chairman of the Supervisory Board with effect from 31 December 2017. His replacement is Johann Schallert, who will take over as Supervisory Board Chairman on 1 January 2018.

Wolfgang Knezek’s term of office as a member of the Executive Board will expire on 31 December 2017, at which time he will step down from the Board. Mr Knezek will retain his seat on the Executive Board of Frauenthal Service AG.

As of 1 January 2018, the Executive Board of Frauenthal Holding AG will consist of Hannes Winkler (Chairman) and Martin Sailer.

Also with effect from 1 January 2018, the Frauenthal Holding AG Supervisory Board will consist of the following four members elected by the Annual General Meeting: Johann Schallert (Chairman), Dietmar Kubis (Deputy Chairman), Birgit Eckert and Johannes Strohmayer.

>to the ad-hoc