FRIWO AG — Cyborg Score 5/10

Mixed
Industrial Electronics & Power Supply Manufacturing

Strategic Profile

FRIWO AG operates as a management holding company which engages in the development, production, and distribution of battery packs, power supplies, LED drivers, and charging devices. The company serves diverse end markets with specialized power solutions and electronics manufacturing services, positioning itself in the growing e-mobility, industrial automation, and medical device sectors.

Cyborg Score Rationale

FRIWO AG's net income for the last half-year is 8.74M EUR, while the previous report showed −1.39M EUR, representing a 731.12% improvement. However, recent EBITDA metrics remain challenged. The company operates in growing markets but faces execution and scale challenges typical of mid-cap industrial suppliers.

Top Insights

  • The company has approximately 1,210 employees as of December 2025.
  • The company serves tools, industrial, medical, and e-mobility sectors.
  • FRIWO AG is a subsidiary of VTC Industriebeteiligungen GmbH & Co. KG.
  • Turnaround momentum evident from strong net income recovery in recent half-year results

Named Competitors

  • Industrial Power Supplies — Power supply solutions for industrial and LED applications
  • Automotive Charging — Charging infrastructure and power electronics
  • Medical Device Power — Regulated power supplies for medical and industrial markets

Recent Developments

  • (Dec 2025) Net income improved significantly to €8.74M from negative €1.39M in prior period
  • (2025) Maintained focus on e-mobility, industrial, and medical technology markets
  • (2009) Rebranded from CEAG AG to FRIWO AG

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