EQS-News

Wolftank Group with record financial results and strategic growth in 2023

EQS-News: Wolftank-Adisa Holding AG / Key word(s): Annual Results/ESG Wolftank Group with record financial results and strategic growth in 2023 17.05.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. Wolftank Group with record financial results and strategic growth in 2023

• Sales increased by approx. 40% to EUR 87m, up from EUR 62.7m in 2022
• EBITDA grew by 136% to EUR 8.5m or 10% of sales (EBITDA margin 2022: 5.5%)
• EBIT turned significantly positive to EUR 4m, moving up from EUR 0.07m in 2022
• Record order backlog of EUR 158m points to a positive outlook for the following years

Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6) had a landmark year in 2023, driven by its continued focused buy-and-build strategy and clear vision. A leader in energy and environmental solutions technologies, the Group delivered a strong performance in the past year, exceeding market expectations. Sales were at record level, increasing by approximately 40% to EUR 87m, up from EUR 62.7m in 2022. The operative performance climbed to EUR 95.3m, a robust improvement of more than 45% (2022: EUR 65.3m). EBITDA increased by 136% to EUR 8.5m (2022: EUR 3.6m) or 10% of sales (EBITDA margin 2022: 5.5%).

EBIT showed a significant turnaround from EUR 0.07m in 2022 to EUR 4.0m, moving from close to break-even to solid profitability. The EBIT margin on sales improved to 4.6% (2022: 0.1%). Adjusted for the amortization of goodwill, which was significant after the Group’s acquisitions in the past years, EBIT amounted to EUR 5.0m, the adjusted EBIT margin stood at 5.7%. Profit before tax reached EUR 2.0m (2022: EUR -0.66m), while profit after tax amounted to EUR 0.5m (2022: EUR -1.56m).

“We successfully capitalized on key opportunities, delivered the highest sales in our history, increased earnings and strengthened margins in 2023. With this financial performance, we exceeded the forecasts of financial markets. This is clear evidence that our strategic initiatives are working", said Peter Werth, CEO of Wolftank Group.