Friedrich Vorwerk Group SE / DE000A255F11

FRIEDRICH VORWERK will generate revenues of over €495 million in the 2024 financial year with an EBITDA margin of around 16% according to initial projections, thus significantly exceeding the forecast

EQS-Ad-hoc: Friedrich Vorwerk Group SE / Key word(s): Preliminary Results


16-Jan-2025 / 07:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

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Disclosure of inside information acc. to Article 17 MAR Tostedt, 16 January 2025 - FRIEDRICH VORWERK Group SE (ISIN DE000A255F11), a leading provider of energy infrastructure solutions for gas, electricity and hydrogen applications, has once again achieved a significant increase in revenues and earnings in the fourth quarter based on initial projections. With revenues expected to exceed €155 million, revenues are well above the previous year's level (Q4/23: €98.2 million). At around €30 million, EBITDA for the quarter will be significantly more than twice as high as in the previous year (Q4/23: €11.6 million). Due to the exceptionally strong final quarter, revenues for the full year 2024 are expected to exceed €495 million. According to the Management Board's preliminary estimate, EBITDA will amount to around €80 million, which corresponds to a margin of around 16%. The company will therefore significantly exceed the most recently published forecast of €430-460 million in revenues with an EBITDA margin of 14-15%. The company’s excellent development is also reflected in a historically strong capitalisation. Cash and cash equivalents as at 31 December 2024 amounted to €176.6 million, exceeding the previous year's figure of €58.6 million by €118 million. Net liquidity at the end of the year totalled €154.3 million (previous year: €42.1 million) and, together with the significant increase in the number of employees to 1,948 (previous year: 1,695), forms an excellent basis for continuing the growth course going forward. The full annual report for 2024 will be published on 31 March 2025 at www.friedrich-vorwerk.de.   Contact Details FRIEDRICH VORWERK Group SE
Harburger Straße 19
21255 Tostedt
Tel +49 4182 – 2947 0
[e-mail]
www.friedrich-vorwerk-group.de Management Board
Torben Kleinfeldt (CEO)
Tim Hameister Chairman of the Supervisory Board
Dr Christof Nesemeier Court of Registration
District Court of Tostedt, registration number: HRB 208170  

End of Inside Information

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16-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Friedrich Vorwerk Group SE
	Harburger Straße 19
	21255 Tostedt
	Germany
E-mail:	[e-mail]
Internet:	www.friedrich-vorwerk-group.de
ISIN:	DE000A255F11
WKN:	A255F1
Listed:	Regulated Market in Frankfurt (Prime Standard)
EQS News ID:	2068637

End of Announcement	EQS News Service

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2068637  16-Jan-2025 CET/CEST