Tag: Uniwheels
Uniwheels adopts Superior name
Uniwheels AG, the European aluminium wheels business acquired by Superior Industries International, Inc. in June 2017, has adopted the Superior Industries International name. This rebranding of Superior’s European operation has taken place as part of the company’s ongoing integration efforts. The brands acquired along with Uniwheels – ATS, Rial, Alutec and Anzio – will be retained in the Superior portfolio.
Uniwheels business boosts Q1 2018 sales, profit at Superior Industries International
Aluminium wheel manufacturer Superior Industries International, Inc. reports shipping 5.5 million units in the first quarter of 2018, a 94.8 per cent increase compared with the first three months of last year. This sizeable improvement was primarily due to the inclusion of the company’s European operation in this year’s results but was also driven by higher unit shipments in North America.
Superior Industries publishes Q2 2017 results, updates outlook
Second quarter results for aluminium wheel manufacturer Superior Industries International, Inc. show both record unit shipments and a net loss. These results for the quarter to 25 June 2017 also include one month of results from Uniwheels AG, in which Superior acquired a major shareholding on 30 May 2017. Upon tomorrow’s settlement of the delisting tender offer, Superior will own approximately 93.2 per cent of Uniwheels’ common stock shares.
ATS Wheels confirmed as official wheel supplier for 2017 DTM season
Alloy brand ATS Wheels, distributed in the UK by Wolfrace Wheels, has been confirmed as the official wheel supplier for the Deutsche Tourenwagen Masters (DTM). ATS hardware will be found under the arches of the cars of all three OEMs competing in the series; Mercedes, Audi and BMW. ATS will supply 12x18in (front) and 13x18in (back) aluminium forged wheels, produced using a special alloy selected for its extreme strength and lightweight.
Superior Industries acquires 92.3% share in Uniwheels
Aluminium wheel company Superior Industries International, Inc. now holds a 92.3 per cent shareholding in Uniwheels AG after concluding its tender offer for an aggregate consideration of US$714.7 million. This offer was financed through approximately $670 million of newly funded debt, as well as $150 million of Preferred Equity.
Uniwheels reports higher sales, profit in Q1 2017
Alloy wheel manufacturer Uniwheels AG reports that it sold 2.436 million original equipment and aftermarket rims in the first three months of this year. This volume is 16.7 per cent higher than that achieved in the first quarter of 2016 and led to Q1 2017 revenues of €131.6 million, a year-on-year increase of 20.6 per cent. Revenue growth outstripped that of unit sales due to the presence of more higher value added items in the product mix as well as quarterly aluminium price adjustments.
Race debut for new ATS rims this weekend
All cars competing in the DTM in 2017, starting at Hockenheim this coming weekend, won’t just ride on a new Hankook tyre. As of this year, the entire field will race on ATS forged aluminium rims. Wheel manufacturer Uniwheels developed the 12x18 front and 13x18 rear rims specifically for the German touring car championship, and with this supply arrangement, ATS becomes an official DTM series industry partner.
Uniwheels ends 2016 with record sales volumes
A 12.2 per cent increase in sales during 2016 lifted Uniwheels AG’s overall sales volumes to more than 8.77 million wheels last year, and the recent completion of expansion work at its facility in Poland will push capacity beyond 10 million units this year. Demand from OEM customers continues to grow, and as a result, Uniwheels is now looking to set up a fifth plant as well as a further expansion of its operation in Poland.
Uniwheels for sale? Controlling shareholder assessing “strategic options”
A sharp dip in the Uniwheels AG share price was reversed on the afternoon of 4 October after the company informed the Warsaw Stock Exchange (WSE) about its controlling shareholder’s decision to “assess its strategic options.” Uniwheels Holding (Malta) Ltd., a holding company owned by former Uniwheels chief executive officer Ralf Schmid and his brother Michael, is currently “at an initial stage” with its assessment, reported the German alloy wheel manufacturer.
Ralf Schmid retiring as Uniwheels CEO, will chair supervisory board
Wheel manufacturer Uniwheels AG has named Thomas Buchholz its new chief executive officer. The chief automotive officer and management board deputy chairman succeeds company founder Ralf Schmid, who will become chairman of Uniwheels’ supervisory board.
Uniwheels shares to join WSE small-cap index
According to a Warsaw Stock Exchange Management Board resolution of 13 August 2015, shares in Uniwheels AG will be included in the sWIG80 index following the trading session of 18 September 2015 as a result of quarterly adjustment. The changes will become effective from 21 September 2015.
Uniwheels profit up 67% in H1 2015
Alloy wheel manufacturer Uniwheels AG reports sales of 3.9 million wheels in the first half of 2015, 11.3 per cent more than a year earlier and a record first-half volume. This gave the company revenues of €217.0 million, a year-on-year increase of 26.8 per cent. EBITA rose 30.2 per cent in the January to June period to €27.9 million and the margin increased from 12.5 to 12.8 per cent. Net profit rose 66.9 per cent to €19.3 million.
Uniwheels names Buchholz chief automotive officer, executive board deputy chairman
At its meeting on 15 June 2015, the Supervisory Board of Uniwheels AG approved the appointment of Dr. Thomas Buchholz as an additional member and deputy chairman of the company’s Executive Board, and named him the next head of the company’s Automotive division. Buchholz will commence in these roles on 10 August.
Poison Konkav joins Alutec range
An evolution of the Alutec Poison alloy rim has been launched. Alutec brand manufacturer Uniwheels describes the new Poison Konkav as being “an even more dynamic take” on the star-pattern double-spoked Poison. The new rim features a concave centre that provides the optical effect of making the wheel look wider. The spokes on the Poison Konkav run right to the edge of the 18-inch rim, which in Uniwheels’ opinion makes it look “impressively powerful.”
Uniwheels approves IPO share allotment
Wheel manufacturer Uniwheels AG has approved the allotment of 4,800,000 shares in a public offering, including 2,400,000 new shares from a share capital increase and 2,400,000 existing shares from the holding of existing shareholder Uniwheels Holding (Malta) Ltd. . Five per cent, or 240,000 of the shares offered have been allocated to retail investors and 4,560,000 (95 per cent) to institutional investors.