2019 annual financial statements published
Funkwerk closed the 2019 financial year with an increase in operating sales and earnings that exceeded expectations.
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Funkwerk closed the 2019 financial year with an increase in operating sales and earnings that exceeded expectations.
>Funkwerk Systems GmbH, the Ilmenau University of Technology and the Fraunhofer Institute for Integrated Circuits are partners in the development of multi-standard modems for worldwide use in rail transport.
>On 11 December 2019, Funkwerk AG unexpectedly learned that the Executive Board of euromicron AG had filed an application for the initiation of protective shielding proceedings with the competent local court on the same day.
>Publication of inside information pursuant to Art. 17 of Regulation (EU) No 596/2014
>Dr Andreas Schmid, a full member of the Executive Board of Funkwerk AG since 1 August 2018, will leave the company's Executive Board by mutual agreement on 31 December 2019 to take on a new professional challenge.
>The co-operation between Funkwerk and PKP Telkol focuses on the upgrading, retrofitting and maintenance of radio systems in locomotives.
>The Funkwerk Group was once again able to develop very positively in the first half of 2019: Compared to the same period of the previous year, consolidated sales increased by 19.3 % to €40.9 million (previous year: €34.3 million).
>As part of the investor agreement concluded on 10 July 2019, Funkwerk AG acquired a total of 1,543,256 shares in euromicron AG, Frankfurt/Main, which corresponds to 15.36 % of the company's share capital.
>Funkwerk AG today concluded an investor agreement with euromicron AG, Frankfurt/Main, for the subscription of up to around 28 % of the shares in euromicron AG (WKN A1K030).
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