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HWA : Consolidated Financial Statement 2022
HWA : Consolidated Financial Statement
About this update from Hwa Ag
www.hwaag.com CONSOLIDATED FINANCIAL STATEMENT Motor Racing • Vehicles and Components HWA AG 1 CONTENT Group key figures page 02 At a glance page 02 Report of the Supervisory Board page 03 Combined Management Report on Consolidated Financial Statement page 06 Consolidated Financial Statement 2022 page 20 Balance sheet 2022 - Assets page 20 Balance sheet 2022 - Equity and Liabilities page 21 Consolidated income statement 2022 page 22 Cash flow statement 2022 page 23 Statement of changes in fixed assets 2022 page 24 Statement of changes in equity 2022 page 26 Notes to the consolidated financial statements as at 31 December 2022 page 28 Auditor's Report page 38 EVENTS 2023 June 30 2023 Publication of the annual figures for the 2022 financial year June 30 2023 Publication of the 2022 annual financial statements August 2023 General meeting October 27 2023 Publication of the 2023 half-year report 2 GROUP KEY FIGURES in EUR millions 2022 2021 2020 2019 2018* 2017 2016 2015 Sales income 93.8 85.8 65.6 113.6 101.2 95.5 97.4 83.6 EBITDA 5.5 4.1 -7.6 -2.2 7.5 5.7 3.2 8.1 EBITDA margin (in percent) 5.9 4.8 -11.6 -2,0 7.4 5.8 3.3 9.6 EBIT 3.1 1.2 -10.6 -8.9 5.3 2.8 0.2 5.1 EBIT margin (in percent) 3.2 1.5 -16,2 -7,8 5.2 2.9 0.2 6.1 Net result 1.9 0.6 -11.4 -8,3 3.4 1.4 -0.3 3.4 Earnings per share (in EUR) 0.29 0.10 -1.90 -1,47 0.66 0.28 -0.06 0.66 *) from 2018 Group key figures AT A GLANCE 2022 | 2021 in EUR millions EUR 6 0.30 4 0.20 2 0.10 0 EBIT Net result 0 EBITDA Earnings per share HWA AG 3 REPORT OF THE SUPERVISORY BOARD Hans Werner Aufrecht Chairman of the Supervisory Board Dear HWA AG shareholders! In the 2022 financial year, the Supervisory Board advised the Management Board comprehensively and performed all the duties incumbent upon it under the law and the company's articles of incorporation. During the past year, we advised the Management Board on the management of the Company's affairs on an ongoing basis and kept the management and performance of the Company under close review. The Supervisory Board was directly and promptly involved in all decisions of fundamental importance to the well-being of the Company, or wherever statutory provisions or the articles of incorporation called for such involvement. This is based on written and verbal reports of the Management Board to the Supervisory Board. Cooperation between the Boards was marked by detailed and open dialogue. The Management Board informed the Supervisory Board promptly, thoroughly and on a regular basis on all significant aspects for the company and events requiring approval. The Chairman of the Supervisory Board was also in regular contact with the Management Board outside the regularly scheduled meetings. Other Supervisory Board members also maintained their contacts with the Management Board outside formal meetings, keeping themselves informed about ongoing business development and significant business events and providing support and advice where needed. Meetings of the Supervisory Board During the 2022 financial year, the Supervisory Board held four ordinary meetings to perform its duties. In these meetings, the current state of the Company's affairs was discussed with the Management Board and explained in detail. These Supervisory Board meetings were held on 24 March, 6 July, 28 Sep- tember and 14 December 2022. At each of the Supervisory Board meetings, one member was not present. The Supervisory Board's meetings were all held at the Company's headquarters in Affalterbach, and members of the Supervisory Board had the option to dial in to the meetings by video. The accounts meeting together with the auditor was held on 17 March 2022. The Management Board also provided the Supervisory Board with full information on urgent matters and matters of particular importance to the Company outside the regular meetings. All activities and transactions requiring the Supervisory Board's approval were discussed in detail in the Supervisory Board meetings. Urgent resolutions were also adopted by the Supervisory Board by way of circulation.