The pipeline and plant manufacturer for natural gas, electricity and hydrogen applications, Friedrich Vorwerk DE000A255F11, is becoming somewhat more confident for 2025 after strong growth in the first quarter.
Friedrich Vorwerk starts the year with a jump in sales and profits
SDAX newcomer DE0009653386 announced on Wednesday in Tostedt that it is already becoming apparent that the upper end of its sales forecast of EUR 540 to 570 million will be achieved. In the first quarter, revenues climbed by almost three-quarters year-on-year to EUR 133 million.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased from €6.8 million to €18.2 million. The corresponding margin improved by almost five percentage points to 13.7 percent. The company continues to target an EBITDA margin of 16 to 17 percent for the full year. The bottom line was a profit of just under €8.6 million, a good five times higher than the previous year.
Although order intake of €81.6 million was below the previous year's figure of €121.3 million, the Management Board expects further significant order intake in the Natural Gas, Clean Hydrogen, and Electricity segments starting in the second quarter. Among other things, additional sections of the Southern German Natural Gas Pipeline (SEL), the SuedLink electricity highway, and other major pipeline projects are expected to be awarded soon.
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