Tostedt

EQS-News: FRIEDRICH VORWERK increases revenues by 23.8 % to € 258.7 million in the first nine months with an EBIT margin of 12 %

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Friday, November 11, 2022

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

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

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

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Tuesday, June 28, 2022

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

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

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Thursday, May 12, 2022

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.

DGAP-News: FRIEDRICH VORWERK wins contract for the realization of district heat pipeline in Hamburg worth €70 million

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Tuesday, February 1, 2022

Tostedt, 1 February 2022 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins significant parts of the major contract for the realization of the new district heating pipeline "Fernwrmesystemanbindung-West" (FWS-West) in Hamburg.

Key Points: 
  • Tostedt, 1 February 2022 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins significant parts of the major contract for the realization of the new district heating pipeline "Fernwrmesystemanbindung-West" (FWS-West) in Hamburg.
  • The contract is worth more than 70 million.
  • After the district heating pipeline in Bremen, FRIEDRICH VORWERK has thus secured the next future-oriented major project for the sustainable decarbonization of building heat ("Wrmewende") in large metropolitan regions.
  • With the planned district heating pipeline, FRIEDRICH VORWERK can once again demonstrate its excellent technology and implementation expertise for district heating systems.

DGAP-News: FRIEDRICH VORWERK wins contract for the realization of district heat pipeline and station in Bremen worth more than € 45 million

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Thursday, January 13, 2022

Tostedt, 13 January 2022 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for the realization of the district heat interconnector pipeline and the associated block station in Bremen with an order volume of more than 45 million, thus demonstrating FRIEDRICH VORWERK's excellent technology and implementation competence in the field of district heating.

Key Points: 
  • Tostedt, 13 January 2022 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for the realization of the district heat interconnector pipeline and the associated block station in Bremen with an order volume of more than 45 million, thus demonstrating FRIEDRICH VORWERK's excellent technology and implementation competence in the field of district heating.
  • The planned district heat interconnector pipeline forms a key component of the successful heat transition ("Wrmewende") in the city of Bremen by transporting climate-friendly district heat generated in the waste-to-energy plant Bremen to neighboring urban areas.
  • The new interconnector will enable a replacement of coal powered heat currently generated at the Hastedt power plant.
  • In addition to the district heat pipeline, FRIEDRICH VORWERK was also awarded the planning and realization of the block station that will distribute the district heat and ensure the necessary pressure levels within the system.

DGAP-News: FRIEDRICH VORWERK increases adjusted EBIT by 8 % to € 33.7 million with stable sales

Retrieved on: 
Friday, November 12, 2021

Tostedt, 12 November 2021 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider of energy infrastructure solutions for gas, electricity and hydrogen applications, increased its adjusted EBITDA by 9.7% year-on-year to 43.1 million and adjusted EBIT by 7.8% to 33.7 million in the first nine months of 2021.

Key Points: 
  • Tostedt, 12 November 2021 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider of energy infrastructure solutions for gas, electricity and hydrogen applications, increased its adjusted EBITDA by 9.7% year-on-year to 43.1 million and adjusted EBIT by 7.8% to 33.7 million in the first nine months of 2021.
  • At 208.9 million, sales after nine months were slightly down on the previous year's figure of 221.4 million.
  • This project delay also contributed significantly to the decrease in sales in the third quarter by 7.7 million to the current figure of 76.3 million.
  • It is therefore pleasant that the forecast adjusted EBIT margin of 16.0% was slightly exceeded in the third quarter at 16.2%.

DGAP-News: FRIEDRICH VORWERK receives order worth €50 million for realization of Legden compressor station

Retrieved on: 
Monday, September 27, 2021

Tostedt, 27 September 2021 - FRIEDRICH VORWERK Group SE (ISIN DE000A255F11), a leading supplier of energy infrastructure, announces the acquisition of a major order worth over 50 million for the realization of the Legden compressor station.

Key Points: 
  • Tostedt, 27 September 2021 - FRIEDRICH VORWERK Group SE (ISIN DE000A255F11), a leading supplier of energy infrastructure, announces the acquisition of a major order worth over 50 million for the realization of the Legden compressor station.
  • The planned compressor station is part of the ZEELINK project, one of Germany's most important energy infrastructure projects in recent years, which plays a central role in the required transition from low-calorific to high-calorific gas.
  • Having already participated in the laying of the 216 km long natural gas pipeline ZEELINK and the construction of a major compressor station in Wrselen, FRIEDRICH VORWERK was hence involved in all major components of the ZEELINK project.
  • For a possible additional stage, the station can be extended by a compressor unit and corresponding connecting lines.