UNIWHEELS AG announced earnings results for the third quarter and nine months ended September 2016. For the nine months, the company's revenue was EUR 334.9 million compared to EUR 320.2 million a year ago an increase of 4.6%, mainly influenced by wheels sales increase. EBITDA was EUR 51.5 million compared to EUR 41.6 million a year ago. EBIT was EUR 39.3 million compared to EUR 30.6 million a year ago. Net profit was EUR 42.8 million compared to EUR 27.9 million a year ago. Capital expenditures and investments was EUR 68.1 million compared to EUR 29.9 million a year ago.

For the quarter, the company's revenue was EUR 111.9 million, EBITDA was EUR 15.3 million, EBIT was EUR 10.9 million and net profit was EUR 13.7 million.

For the full year 2016, the company expects wheels sales growth of 10%-12% year on year, group's revenues to grow between 5%-6% and EBITDA growth of 16%-18% year on year.