va-Q-tec AG
va-Q-tec stays on course to success: FY 2016 revenue up 58% to EUR 35.5 million, adjusted EBITDA up 92% to EUR 6.9 million
DGAP-News: va-Q-tec AG / Key word(s): Preliminary Results/Forecast Press release va-Q-tec stays on course to success: FY 2016 revenue up 58% to EUR 35.5 million, adjusted EBITDA up 92% to EUR 6.9 million – 2016 revenue at EUR 35.5 million compared with EUR 22.5 million in 2015 (+58%) – Adjusted EBITDA 2016: EUR 6.9 million compared with EUR 3.6 million in 2015 (+92%); improvement of adjusted EBITDA margin from 12% to 16% in 2016 – 2016 revenue and EBITDA expectations considerably exceeded – Strong Product, Systems and Service businesses contribute to growth Würzburg, 21 March 2017. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), a technologically leading provider of highly efficient products and solutions in the area of thermal insulation and cold chain logistics, reports stronger revenue growth and considerably faster EBITDA growth than originally expected for the 2016 financial year. The va-Q-tec Group grew its revenue by 58% in 2016, from EUR 22.5 million in 2015 to EUR 35.5 million, according to preliminary unaudited IFRS figures. Total operating income was up by 45% from EUR 29.6 million in the previous year to EUR 42.8 million in 2016. Earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for one-off costs of the IPO, increased at a faster rate than revenue during the reporting year, jumping 92% from EUR 3.6 million to EUR 6.9 million in 2016. This corresponds to a four percentage point improvement in the adjusted EBITDA margin from 12% in the previous financial year to 16% in 2016. The exceptionally strong 2016 financial year reflects the growth momentum in all of the Group’s business areas – Products, Systems and Services. All three business divisions generated revenue growth in the mid-double-digit percentage range year-on-year. An unexpectedly positive business environment in Q4 2016 with the short-term awarding of large-scale orders in the Systems business division led to expectations being exceeded. Christopher Hoffmann, CFO of va-Q-tec AG, comments on the substantial revenue and EBITDA growth in 2016: “The marked year-on-year growth acceleration demonstrates not only how attractive our solutions are for our customers but also the scalability of our business model. Especially with our products and services for the pharmaceuticals cold chain, we achieved significant progress in revenue, EBITDA and EBITDA margin. At the same time, the IPO has enabled us to raise strategically important equity capital allowing us to further drive growth and optimisation.” Expansion of the Service business was equally crucial to the growth spurt: Numerous new air freight routes in the rental of temperature controlled containers were added to this business area in 2016, with more than 50 added in H2 2016 alone. Revenues generated from small box rental to the pharmaceutical industry also reported a significant increase in 2016. These results are preliminary and subject to auditor certification. The final financial results for the 2016 financial year, as well as the outlook for the 2017 financial year, will be published on April 27, 2017, and made available on the website at ir.va-q-tec.com. +++END+++ cometis AG About va-Q-tec:
21.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | va-Q-tec AG |
Karl-Ferdinand-Braun Str. 7 | |
97080 Würzburg | |
Germany | |
Phone: | +49 (0)931 35 942 0 |
Fax: | +49 (0)931 35 942 10 |
E-mail: | IR@va-Q-tec.com |
Internet: | www.va-Q-tec.com |
ISIN: | DE0006636681 |
WKN: | 663668 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |