FRIWO AG, an international provider of power supplies and charging technology, has achieved its annual targets for the 2025 financial year based on preliminary figures. Group revenue reached 77.4 million euros, falling within the planned target range of 75 to 85 million euros. This figure represents a significant decrease from the previous year's 93.0 million euros, which the company attributes to the application of IFRS 15 accounting standards for revenue recognition and negative currency effects.
The company's adjusted comparable EBIT exceeded its own forecast, achieving a clearly positive figure. This marks a notable turnaround from loss-making positions in previous years. The positive consolidated result, in the low double-digit million euro range, was bolstered by one-off effects from the disposal of minority interests in an Indian joint venture and the sale of the DIN rail business. Gross profit improved due to a significant reduction in manufacturing costs, efficiency gains across the value chain, and a more favorable product mix. The Industrial Applications and Medical & Healthcare business segments were highlighted as performing well.
Dominik Woeffen, CEO of FRIWO AG, described 2025 as a year of transformation for FRIWO and a successful financial year, both strategically and economically. He noted the year was marked by a comprehensive and successfully completed portfolio restructuring, which streamlined structures and enhanced competitiveness, leading to the turnaround into profitability. Fellow board member Ina Klassen added that the company has financially restructured and is once again reporting a rock-solid balance sheet with an equity ratio of over 30%. This equity ratio represents a dramatic improvement from 5.3% the previous year, following the completion of financial restructuring tied to the portfolio reorganization.
The company's employee count declined to 866 by year-end, down from 1,206 at the end of 2024, with approximately 90% of staff continuing to work at Vietnamese locations. FRIWO will publish its audited annual financial statements, annual report, and forecast for the 2026 financial year on April 23, 2026, with management details to be presented in a conference call. Further information about the company is available on the investor relations pages of FRIWO.
