Friedrich Vorwerk Group SE

VH20

Equity

ISIN US3584391078 / Valor 113091321

Deutsche Boerse AG (2024-12-23)

EUR 6.80+0.74%

Friedrich Vorwerk Group SE
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About company

Friedrich Vorwerk Group SE, established initially as a subcontracting excavating company in 1962, has evolved into a leading German entity in pipeline and plant engineering, serving network operators, industry, municipalities, and energy suppliers. The company's growth trajectory includes strategic acquisitions such as European Pipeline Services GmbH in 2012 for pipeline testing and inspection, Energy & Environment Engineering for specialized flow measurement technologies, and the GOTTFRIED PUHLMANN Group to penetrate new regional markets in electricity and district heating. In 2022, Friedrich Vorwerk expanded its expertise in gas pressure regulating station enclosures through the acquisition of Hempel Aluminiumbau GmbH. Further consolidating its market position, the company acquired Bohlen & Doyen in 2019, enhancing its capacity in energy grids, engineering, underground power cable construction, and HDD drilling. The company's success is attributed to its advanced technology, the expertise of over 1,800 qualified employees, and a presence across 15 locations in Germany and Europe. Friedrich Vorwerk Group SE's commitment to integrating and expanding its service offerings across various sectors underscores its strategic approach to growth and market leadership in the infrastructure engineering industry.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Friedrich Vorwerk Group SE reported revenue of €373.355 million for the fourth quarter of 2023, showing a slight increase from €368.161 million in the same period of the previous year. This represents a year-over-year growth of approximately 1.4%.

EBITDA Decline

The company's EBITDA for Q4 2023 was €31.992 million, a significant decrease from €50.089 million in Q4 2022. This marks a decline of 36.1%, reflecting challenges in operational efficiency and cost management.

Net Profit Reduction

Friedrich Vorwerk Group SE's net profit after non-controlling interests for the fourth quarter of 2023 was €10.241 million, down from €17.341 million in the same quarter of the previous year. This represents a reduction of 40.9% year-over-year.

Earnings Per Share (EPS)

The earnings per share (EPS) for Friedrich Vorwerk Group SE in Q4 2023 stood at €0.51, compared to €0.86 in Q4 2022. This decline of 40.8% indicates a lower return on investment for shareholders during this period.

Order Backlog Increase

Friedrich Vorwerk Group SE reported a substantial increase in its order backlog, which reached €1.000.803 million by the end of Q4 2023, up from €315.091 million in Q4 2022. This significant growth of 217.6% suggests a strong pipeline of future projects and potential revenue.

Summarized from source with an LLMView Source

Key figures

104%1Y

%3Y

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Performance

53.6%1Y

56.3%3Y

56.3%5Y

Volatility