FRIWO, an international provider of power supplies and charging technology, announced on Wednesday that it has achieved its 2025 financial targets, with preliminary unaudited figures showing group revenue of 77.4 million euros, within the planned range of 75 to 85 million euros. This represents a decline from the prior year's 93.0 million euros, attributed to IFRS 15 revenue recognition standards and negative currency effects. However, the company reported a significant improvement in earnings, with adjusted comparable EBIT exceeding forecasts and turning positive, and a strengthened financial position following a comprehensive portfolio restructuring.
The Industrial Applications and Medical & Healthcare business segments performed well, driving gross profit improvement through reduced manufacturing costs, efficiency gains, and a favorable product mix. EBIT moved from a loss in previous years to a profit, aided by one-off gains from the disposal of minority interests in the Indian joint venture and the sale of the DIN rail business, resulting in a positive consolidated result in the low double-digit million euro range.
Dominik Woeffen, CEO of FRIWO AG, stated: "2025 was a year of transformation for FRIWO and a successful financial year, both strategically and economically. It was marked by a comprehensive and successfully completed portfolio restructuring, which has significantly streamlined our structures and made us more competitive. This already led to a turnaround into profitability in terms of EBIT in 2025." Ina Klassen, board member, added: "We are proud that we have financially restructured our company and are once again reporting a rock-solid balance sheet with an equity ratio of over 30%. On this basis, we will develop FRIWO into a sustainably profitable and growing technology group."
The equity ratio surged to over 30%, compared to 5.3% in the previous year, reflecting the successful financial restructuring. Employee numbers decreased to 866 by year-end from 1,206 in 2024, with approximately 90% based in Vietnam. FRIWO will publish its audited annual financial statements, annual report, and 2026 forecast on April 23, 2026, with further details to be presented in a conference call.
For more information, visit the investor relations pages at www.friwo.com/en/about/investor-relations.
