Progress-Werk Oberkirch AG provides earnings guidance for the year 2020. For the period, The company expects the sector to remain weak. However, series production start-ups and ramp-ups should help to generate revenue of approximately EUR 450 million. Extensive cost savings will not be able to fully compensate for the absence of the positive extraordinary effects recorded during the 2019 fiscal year, the slightly declining revenues and the price pressure in the automotive industry.