Tostedt

EQS-News: FRIEDRICH VORWERK generates revenues of €373 million in 2023 with an EBITDA margin of 8.6% and expects further sales and earnings growth in 2024 with an order backlog of €1 billion

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Wednesday, April 10, 2024
Electricity, Tostedt, Annual, Annual report, Growth, IPA, Investment, Cryptocurrency

Net liquidity amounted to €42.1 million at the end of the financial year, an improvement of €14.8 million compared to the previous year.

Key Points: 
  • Net liquidity amounted to €42.1 million at the end of the financial year, an improvement of €14.8 million compared to the previous year.
  • Against this backdrop, a dividend of €0.12 per share will be proposed to the Annual General Meeting on June 3, 2024.
  • In the fourth quarter of 2023, Friedrich Vorwerk generated revenues of €98.2 million and EBITDA of €11.6 million.
  • The order backlog as at December 31, 2023 amounted to €1,001 million, more than tripling the previous year's figure of €315 million.

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

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Thursday, December 14, 2023
Growth, ISIN, Natural gas, Tostedt, Krishna River Management Board, EBIT, LNG, EBITDA, IPA, SE, Electricity, Pharmaceutical industry

The order backlog as of 30 September 2023 increased to €1,049 million as a result.

Key Points: 
  • 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

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Saturday, April 15, 2023
Wind, ISIN, Tostedt, Farm, IPA, HDD, Schleswig-Holstein, TenneT, Island, Amprion, Natural gas

Bohlen & Doyen constitutes part of a joint venture with equal rights, which also includes the companies Matthäi and Beermann.

Key Points: 
  • 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 wins contract for the realization of the land cable connection in the offshore grid connection project BorWin6

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Tuesday, March 28, 2023
Tostedt, ISIN, Electricity, Coal, Schleswig-Holstein, HDD, TenneT, Farm, Renewable energy

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.

Key Points: 
  • 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 increases revenues by 23.8 % to € 258.7 million in the first nine months with an EBIT margin of 12 %

Retrieved on: 
Friday, November 11, 2022
EBIT, HVDC, Amprion, Saskatchewan River Sturgeon Management Board, Tostedt, Electricity, Heat, Contract, TenneT, Solution, ISIN, Oil, LNG

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.

Key Points: 
  • 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

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Monday, October 10, 2022
Tostedt, HVDC, Electricity, Artery, IPA, Amprion, ISIN, Rail transport

In the second project phase, the reference construction scope and the associated reference costs are to be determined.

Key Points: 
  • 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.

DGAP-News: FRIEDRICH VORWERK wins major contract for the realisation of the connecting pipelines for the Brunsbüttel LNG terminal with a volume of more than € 120 million as part of a joint venture

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Tuesday, July 12, 2022
ETL, Tostedt, Stade, WAL, Gasunie, ISIN, Natural gas, LNG

Tostedt, July 12, 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the major contract for the realisation of the connecting pipelines for the LNG terminal in Brunsbttel.

Key Points: 
  • Tostedt, July 12, 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the major contract for the realisation of the connecting pipelines for the LNG terminal in Brunsbttel.
  • The contract has a total volume of more than 120 million and will be implemented by an equal joint venture consisting of the FRIEDRICH VORWERK Group (Friedrich Vorwerk and Bohlen & Doyen) and the Austrian HABAU Group (PPS Pipeline Systems and HABAU).
  • The first floating LNG terminal at the Brunsbttel site is to be commissioned by the end of the year.
  • The recently awarded contract covers both of these connection pipelines and will therefore start with the realisation of the first 3 km connection pipeline as early as the second half of 2022.

DGAP-News: FRIEDRICH VORWERK wins contract for the realization of part of the connecting pipeline for the LNG terminal in Wilhelmshaven with a volume in the mid double-digit million range

Retrieved on: 
Tuesday, June 28, 2022
WAL, ISIN, Acceleration, OGE, Tostedt, Natural gas, LNG

Tostedt, 28 June 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the contract for the realization of part of the connecting pipeline for the LNG terminal in Wilhelmshaven.

Key Points: 
  • Tostedt, 28 June 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the contract for the realization of part of the connecting pipeline for the LNG terminal in Wilhelmshaven.
  • The contract covers the section from Sillenstede near Schortens to the NETRA long-distance pipeline near the gas storage facility in Etzel and translates into a total order volume for FRIEDRICH VORWERK in the mid double-digit million range.
  • Work on the construction of a jetty for floating LNG terminals in Wilhelmshaven already began in May of this year.
  • In addition to the Wilhelmshaven LNG terminal, further stationary LNG terminals are also planned in Brunsbttel and Stade.

DGAP-News: FRIEDRICH VORWERK switches energy supply of the Wiesmoor site to hydrogen and concludes cooperation agreement with stack manufacturer Hoeller Electrolyzer

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Tuesday, June 14, 2022
Proton, Hydrogen, Tostedt, CHP, Electrolysis, Investment, Growth, ISIN, Electricity, Technology, Proton-exchange membrane, Royal commission, Water, European Commission, Engineering, PEM, Aluminium, Wiesmoor

Tostedt, June 14, 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, is switching the energy supply of its Wiesmoor site to renewable hydrogen in an innovative pilot project.

Key Points: 
  • Tostedt, June 14, 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, is switching the energy supply of its Wiesmoor site to renewable hydrogen in an innovative pilot project.
  • For the stack, FRIEDRICH VORWERK relies on the innovative Proton Exchange Membrane (PEM) technology from the manufacturer Hoeller Electrolyzer.
  • In the future, the aim is to continue the cooperation up to a longer-term supply relationship for potential follow-up projects.
  • With the first power-to-hydrogen project executed as early as 2013, FRIEDRICH VORWERK can draw on extensive experience in the field of hydrogen technologies.

DGAP-News: FRIEDRICH VORWERK wins major contract for cable laying and cable logistics for the new high-voltage transmission line SuedLink

Retrieved on: 
Thursday, May 12, 2022
NKT, TenneT, HVDC, ISIN, Electricity, Orangi Pilot Project, Coal, EnBW, European Network of Transmission System Operators for Electricity, Tostedt, Industry, Program, Transmission system, Schleswig-Holstein, Renewable energy, Vorwerk

Tostedt, 12 May 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for cable laying and cable logistics for the planned high-voltage direct-current (HVDC) transmission line SuedLink.

Key Points: 
  • Tostedt, 12 May 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for cable laying and cable logistics for the planned high-voltage direct-current (HVDC) transmission line SuedLink.
  • The new SuedLink transmission line jointly planned by the Transmission System Operators (TSOs) TenneT and TransnetBW is considered a key grid expansion project for a successful energy transition in Germany.
  • The contract was awarded by the turnkey cable system provider NKT and includes cable laying and last-mile cable logistics along almost the entire route from the Brunsbttel converter station in Schleswig-Holstein to Grogartach in Baden-Wrttemberg.
  • In addition to cable laying and logistics, this results in substantial project volumes in the area of underground cable line construction (incl.