Friedrich Vorwerk Group Boosts Q1 EBITDA by 21% to €6.8M, Hikes Margin to 9%

• Friedrich Vorwerk Group SE increased its EBITDA by 21% to €6.8 million in the first quarter of 2024.
• The EBITDA margin rose to 9% on revenues of €76.7 million.
• The increase in profitability was mainly due to the completion of legacy projects and framework agreements that were burdened by high price increases.
• The company's order intake was €121.3 million in the first quarter, with the Electricity segment contributing significantly through the acquisition of several medium-sized orders for transformer stations.
• The order backlog remains at a record level of €1,045 million, providing a strong foundation for continued growth in the coming years.
• The Management Board expects the improvement in profitability to continue and forecasts revenue of at least €380 million with an EBITDA margin of 11 to 13% for the 2024 financial year.

The price of Friedrich Vorwerk Group at the time of the news was 16,710EUR and was up +2,20 % compared with the previous day.
8 minutes after the article was published, the price was 16,860EUR this corresponds to a plus of +0,90 % since publication.

Friedrich Vorwerk Group

+0,24 %

-1,55 %

+6,04 %

+11,04 %

+48,65 %

-66,29 %

-65,12 %

-65,12 %

-65,68 %

ISIN:DE000A255F11WKN:A255F1

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