21.03.2017
va-Q-tec AG DE0006636681
DGAP-Adhoc: va-Q-tec AG beats FY 2016 revenue and EBITDA expectations
DGAP-Ad-hoc: va-Q-tec AG / Key word(s): Preliminary Results/Forecast
va-Q-tec AG beats FY 2016 revenue and EBITDA expectations
21-March-2017 / 13:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc release
va-Q-tec beats FY 2016 revenue and EBITDA expectations
Würzburg, 21 March 2017 va-Q-tec AG (ISIN DE0006636681 / WKN 663668), a
technologically leading provider of highly efficient products and solutions
in the area of thermal insulation cold chain logistics, reports stronger
revenue growth for the 2016 financial year and considerably faster adjusted
EBITDA growth than originally expected for 2016.
The va-Q-tec Group grew its revenue by 58% in 2016, from EUR 22.5 million in
2015 to EUR 35.5 million, according to preliminary unaudited IFRS figures.
Total operating income was up by 45% from EUR 29.6 million to EUR 42.8
million. Earnings before interest, tax, depreciation and amortisation
(EBITDA) adjusted for one-off costs of the IPO jumped by 92% in the
reporting financial year, from EUR 3.6 million to EUR 6.9 million. This
corresponds to an adjusted EBITDA margin of 16% compared with 12% in the
previous year.
Growth momentum in all of the Group's business areas - Products, Systems and
Services - was the key factor for the strong performance during the full
course of 2016. The unexpectedly positive business environment in Q4 2016
with the short-term awarding of large-scale orders in the Systems business
division led to expectations being exceeded.
These results are preliminary and subject to auditor certification. The
final financial results for the 2016 financial year, as well as the outlook
for the 2017 financial year, will be published on April 27, 2017, and made
available on the website at ir.va-q-tec.com.
+++END+++
IR contact
va-Q-tec AG
Felix Rau
Telephone: +49 931 35942 - 2973
Email: [email protected]
cometis AG
Claudius Krause
Telephone: +49 611 - 20 585 5-28
eMail: [email protected]
About va-Q-tec:
va-Q-tec is a leading provider of highly efficient tech products and
solutions in the field of thermal insulation and cold chain logistics. The
Company develops, manufactures and sells innovative, thin vacuum insulation
panels ("VIPs") and phase change materials ("PCMs") for reliable and energy
efficient temperature control and insulation. Furthermore, by optimally
integrating VIPs and PCMs, va-Q-tec manufactures passive thermal packaging
solutions (containers and boxes), which offer constant temperature
conditions between 24 and over 200 hours without using external energy
sources. Within its rental services business, the company has built a global
partner network to provide for an extensive fleet of containers and boxes
fulfilling highly demanding thermal protection standards in temperature
sensitive supply chains. Besides Healthcare & Logistics as main market,
va-Q-tec addresses additional markets such as Appliances & Food, Technics &
Industry, Building and Mobility. The strongly growing Company was founded in
2001, and has its headquarters in Würzburg. More information on va-Q-tec
under www.va-q-tec.com.
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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: va-Q-tec AG
Karl-Ferdinand-Braun Str. 7
97080 Würzburg
Germany
Phone: +49 (0)931 35 942 0
Fax: +49 (0)931 35 942 10
E-mail: [email protected]
Internet: www.va-Q-tec.com
ISIN: DE0006636681
WKN: 663668
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of Announcement DGAP News Service
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556297 21-March-2017 CET/CEST
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Oberflächen/Verpackung , 663668 , VQT , HAM:VQT