Uniwheels increased sales to 8.77 million units in 2016 – up by 12.2% y/y

The sales figures for Uniwheels AG in 2016 increased by 12.22 percent y/y and amounted to over 8.77 million units, according to preliminary data, the company said. "Looking at the prospects for 2017, they are are optimistic. Demand from automakers is growing all the time. Our new plant in Stalowa Wola opened on schedule, and will this year see significant economies of scale, we do not expect any additional start-up costs for the plant. Therefore, assuming stable aluminum prices, we expect a substantial increase in profitability," said company president, Thomas Buchholz, in a press release. In total, the group recorded a 2016 double-digit sales growth in both segments – in the OEM segment, growth was 12.2 percent, in the accessories segment it was 11.75 percent. Uniwheels AG is one of Europe's largest suppliers of wheels for car manufacturers (OEM - Original Equipment Manufacturer) and a leading manufacturer of aluminum wheels for the European accessories market. The company has been listed on the Warsaw Stock Exchange since May 2015.