DGAP-News: va-Q-tec reports further growth and higher profitability in FY 2020
Stefan Dhmen, CFO of va-Q-tec AG: "Even in a business environment made more difficult overall by the CoVid-19 pandemic, we again achieved double-digit growth and even increased our profitability in 2020.
- Stefan Dhmen, CFO of va-Q-tec AG: "Even in a business environment made more difficult overall by the CoVid-19 pandemic, we again achieved double-digit growth and even increased our profitability in 2020.
- For this reason, we see a very positive future for va-Q-tec, and expect much stronger growth momentum in 2021."
- Revenue in the 2020 financial year was up by 12% to EUR 72.1 million (previous year: EUR 64.7 million).
- The rate of growth in earnings before interest, tax, depreciation and amortization (operating profit, EBITDA), adjusted for higher foreign currency expenses, outstripped the rate of revenue growth.