ISIN:DE000A255F11
EQS-News: FRIEDRICH VORWERK increases revenue by 6% in the first nine months with an EBITDA margin of 7.4% and triples order intake to over €1 billion
The order backlog as of 30 September 2023 increased to €1,049 million as a result.
- The order backlog as of 30 September 2023 increased to €1,049 million as a result.
- FRIEDRICH VORWERK increased its revenue by 6.3% to €275.1 million in the first nine months.
- With an EBITDA margin of 7.4% and an adjusted EBIT margin of 2.6%, profitability in the first nine months remained significantly below the previous year.
- Despite the temporarily lower level of profitability, the Management Board of Friedrich Vorwerk Group SE is looking positively to the future.
EQS-News: FRIEDRICH VORWERK concludes framework contract with TenneT for the execution of HDD drilling for offshore connection lines and receives first call order in the high double-digit million range
Bohlen & Doyen constitutes part of a joint venture with equal rights, which also includes the companies Matthäi and Beermann.
- Bohlen & Doyen constitutes part of a joint venture with equal rights, which also includes the companies Matthäi and Beermann.
- Shortly after signing, TenneT already ordered the first services from the framework contract.
- These include a series of drillings for the grid connection of the offshore systems BorWin6, Heide1 and Baltrum1-5 in Schleswig-Holstein and Lower Saxony.
- The total value of the orders is well into the three-digit million range, in which Bohlen & Doyen will have a share in the high double-digit million range.
EQS-News: FRIEDRICH VORWERK schließt Rahmenvertrag mit TenneT für die Durchführung von HDD-Bohrungen für Offshore-Anbindungsleitungen ab und erhält ersten Abruf im hohen zweistelligen Millionenbereich
EQS-News: FRIEDRICH VORWERK gewinnt Auftrag für die Realisierung der Landkabelverbindung im Offshore-Anbindungsprojekt BorWin6
EQS-News: FRIEDRICH VORWERK wins contract for the realization of the land cable connection in the offshore grid connection project BorWin6
Tostedt, 27 March 2023 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the contract for the realization of the underground land cable connection in the offshore grid connection project BorWin6 with its subsidiary Bohlen & Doyen.
- Tostedt, 27 March 2023 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the contract for the realization of the underground land cable connection in the offshore grid connection project BorWin6 with its subsidiary Bohlen & Doyen.
- The total volume of the order for FRIEDRICH VORWERK is in the mid two-digit million range.
- The offshore grid connection system BorWin6 planned by the transmission system operator TenneT forms an important measure of the German energy transition.
- Due to its broad performance and technology portfolio as well as decades of experience in power cable construction, FRIEDRICH VORWERK expects demand in this area to grow strongly in the future.
EQS-News: FRIEDRICH VORWERK steigert Umsatz in den ersten neun Monaten um 23,8 % auf 258,7 Mio. € bei einer EBIT-Marge von 12 %
EQS-News: FRIEDRICH VORWERK increases revenues by 23.8 % to € 258.7 million in the first nine months with an EBIT margin of 12 %
The adjusted EBIT in the first nine months of the financial year was 31.1 million, which corresponds to an EBIT margin of 12 % and a slight decrease of 2.5 million compared to the same period of the previous year.
- The adjusted EBIT in the first nine months of the financial year was 31.1 million, which corresponds to an EBIT margin of 12 % and a slight decrease of 2.5 million compared to the same period of the previous year.
- With an EBIT margin of 14.3% in the third quarter, the recovery of the profitability level that began in the second quarter was continued.
- Order intake in the reporting period amounted to 317.8 million, which corresponds to an increase of 72.5 % compared to the previous year.
- The significant increase in order intake is mainly due to a number of large contracts won earlier this year.
EQS-News: FRIEDRICH VORWERK signs contract with transmission system operator Amprion for the A-Nord underground cable route and enters the next project phase for the realisation of the new high-voltage line
In the second project phase, the reference construction scope and the associated reference costs are to be determined.
- In the second project phase, the reference construction scope and the associated reference costs are to be determined.
- The A-Nord HVDC connection line planned by the transmission system operator Amprion is considered one of the main arteries of the clean energy transition in Germany.
- The underground cable line will transport the rapidly growing wind power from the North Sea to the large consumer centers in North Rhine-Westphalia.
- Due to its broad performance and technology portfolio as well as decades of experience in underground cable construction, FRIEDRICH VORWERK expects demand in this area to grow strongly in the future.