EQS-News: FRIEDRICH VORWERK increases EBITDA by 21% to € 6.8 million in the first quarter, raising the EBITDA margin to 9% on revenues of € 76.7 million
Source: EQS
FRIEDRICH VORWERK increases EBITDA by 21% to € 6.8 million in the first quarter, raising the EBITDA margin to 9% on revenues of € 76.7 million Tostedt, The main driver of the increase in profitability is the gradual completion of legacy projects and framework agreements that were burdened by high price increases. The aforementioned projects are being replaced by new projects, which were taken in at significantly better conditions and are making a correspondingly high positive contribution to earnings. In addition, the share of subcontractor services was also reduced in the first quarter and a greater proportion of the value added was generated by the company's own resources. While leading to a moderate increase in revenue, this increases profitability due to efficiency gains. With an order intake of In light of these positive developments, the Management Board expects the improvement in profitability to continue and still forecasts revenue of at least The full quarterly statement is available at www.friedrich-vorwerk-group.de Contact Details
Management Board Chairman of the Supervisory Board
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Language: | English |
Company: | |
Harburger Straße 19 | |
21255 Tostedt | |
E-mail: | ir@friedrich-vorwerk.de |
Internet: | www.friedrich-vorwerk-group.de |
ISIN: | DE000A255F11 |
WKN: | A255F1 |
Listed: | Regulated Market in |
EQS News ID: | 1903293 |
End of News |
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1903293 15.05.2024 CET/CEST