21.03.2017
va-Q-tec AG DE0006636681
DGAP-News: va-Q-tec stays on course to success: FY 2016 revenue up 58% to EUR 35.5 million, adjusted EBITDA up 92% to EUR 6.9 million
DGAP-News: va-Q-tec AG / Key word(s): Preliminary Results/Forecast
va-Q-tec stays on course to success: FY 2016 revenue up 58% to EUR 35.5
million, adjusted EBITDA up 92% to EUR 6.9 million
21.03.2017 / 13:56
The issuer is solely responsible for the content of this announcement.
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Press release
va-Q-tec stays on course to success: FY 2016 revenue up 58% to EUR 35.5
million, adjusted EBITDA up 92% to EUR 6.9 million
- 2016 revenue at EUR 35.5 million compared with EUR 22.5 million in 2015
(+58%)
- Adjusted EBITDA 2016: EUR 6.9 million compared with EUR 3.6 million in
2015 (+92%); improvement of adjusted EBITDA margin from 12% to 16% in 2016
- 2016 revenue and EBITDA expectations considerably exceeded
- Strong Product, Systems and Service businesses contribute to growth
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 and cold chain logistics, reports stronger
revenue growth and considerably faster EBITDA growth than originally
expected for the 2016 financial year.
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 in the previous
year to EUR 42.8 million in 2016. Earnings before interest, tax,
depreciation and amortisation (EBITDA), adjusted for one-off costs of the
IPO, increased at a faster rate than revenue during the reporting year,
jumping 92% from EUR 3.6 million to EUR 6.9 million in 2016. This
corresponds to a four percentage point improvement in the adjusted EBITDA
margin from 12% in the previous financial year to 16% in 2016.
The exceptionally strong 2016 financial year reflects the growth momentum in
all of the Group's business areas - Products, Systems and Services. All
three business divisions generated revenue growth in the mid-double-digit
percentage range year-on-year. An 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.
Christopher Hoffmann, CFO of va-Q-tec AG, comments on the substantial
revenue and EBITDA growth in 2016: "The marked year-on-year growth
acceleration demonstrates not only how attractive our solutions are for our
customers but also the scalability of our business model. Especially with
our products and services for the pharmaceuticals cold chain, we achieved
significant progress in revenue, EBITDA and EBITDA margin. At the same time,
the IPO has enabled us to raise strategically important equity capital
allowing us to further drive growth and optimisation."
After many years of market development, va-Q-tec succeeded in establishing
innovative technologies and services faster than expected in new industries
and with new customers in 2016. Large-scale orders in the Systems area, such
as in Q4 2016 from the Swiss Post, and in the Products area from
manufacturers of refrigerators and hot water storage systems, strongly
contributed to revenue and EBITDA growth.
Expansion of the Service business was equally crucial to the growth spurt:
Numerous new air freight routes in the rental of temperature controlled
containers were added to this business area in 2016, with more than 50 added
in H2 2016 alone. Revenues generated from small box rental to the
pharmaceutical industry also reported a significant increase in 2016.
"We reached another important milestone in 2016. We floated va-Q-tec on the
stock market fifteen years after founding the company, thereby successfully
continuing on our path from technology pioneer to global player. Our
innovations last year focused on the market launch of new solutions that
underpin our aspiration to revolutionise the cold chain. We will continue to
leverage the qualitative and technological strengths of our technology
platform in the future to the benefit of our customers and continue our
growth," notes Dr. Joachim Kuhn, co-founder and CEO of va-Q-tec AG.
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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21.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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 News DGAP News Service
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