21.08.2018
va-Q-tec AG DE0006636681
DGAP-Adhoc: va-Q-tec AG: va-Q-tec adjusts FY 2018 revenue and earnings forecast
DGAP-Ad-hoc: va-Q-tec AG / Key word(s): Change in Forecast
va-Q-tec AG: va-Q-tec adjusts FY 2018 revenue and earnings forecast
21-Aug-2018 / 20:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, 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 adjusts FY 2018 revenue and earnings forecast
Würzburg, 21 August 2018. As part of its 2018 half-year report, va-Q-tec AG
(ISIN DE0006636681 / WKN 663668) is adjusting its revenue and earnings
forecast for the 2018 financial year. The Management Board of va-Q-tec now
anticipates consolidated revenue in a range between EUR 51 million and EUR
56 million for the 2018 financial year (originally: revenue between EUR 56
million and EUR 63 million), corresponding to growth in the double-digit
range. For earnings before interest, tax, depreciation and amortisation
(EBITDA) in 2018, va-Q-tec expects a marked reduction compared with the
previous year. On a relative basis, compared with the level for the first
half of 2018, it sees a slightly improved EBITDA margin (originally: strong
year-on-year EBITDA growth).
In H1 2018, the company grew its revenue by 11% compared with H1 2017 to
reach EUR 24.9 million, according to 2018 half-year results (IFRS,
unaudited). EBITDA reduced from EUR 4.2 million to EUR 1.4 million. The
EBITDA margin measured against total income stands at 5%, compared with 16%
in H1 2017. The reduction in EBITDA reflects several expenses, some of which
are one-off. In particular, removal costs, hiring, currency effects and the
company's international development exerted an impact. Significant
investments were made in personnel, production capacities and infrastructure
during the period under review. As a consequence, the company thereby
regards the preconditions for the anticipated growth as having been created.
Information about the calculation of EBITDA is presented from page 78 of the
2017 Annual Report, which is available on our website at
www.va-q-tec.com/de/.
+++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 supplier of high-performance products and solutions in
thermal insulation and cold chain logistics. The company develops, produces
and markets innovative, thin vacuum insulation panels (VIPs) as well as
phase change materials (PCMs) for the reliable and energy-efficient
controlling and insulation of temperature. In addition, va-Q-tec produces
passive thermal packaging systems (containers and boxes) through optimally
integrating VIPs and PCMs, which can maintain constant temperatures,
depending on type, between 24 and more than 200 hours, without external
energy input. To implement temperature-sensitive logistics chains, va-Q-tec
- within a global partner network - operates a fleet of rental containers
and boxes meeting demanding thermal protection standards. Along with
healthcare & logistics as the main market, va-Q-tec addresses the following
further markets: Appliance & Food, Technics & Industry, Building and
Mobility. The high-growth company, which was founded in 2001, is based in
Würzburg, Germany. Further information: www.va-q-tec.com
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Language: English
Company: va-Q-tec AG
Alfred-Nobel-Straße 33
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, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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716181 21-Aug-2018 CET/CEST
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Oberflächen/Verpackung , 663668 , VQT , HAM:VQT