10.05.2019 va-Q-tec AG  DE0006636681

DGAP-News: va-Q-tec continues on its positive trend in the first quarter of 2019


DGAP-News: va-Q-tec AG / Key word(s): Quarterly / Interim Statement/Quarter Results
va-Q-tec continues on its positive trend in the first quarter of 2019

10.05.2019 / 08:30
The issuer is solely responsible for the content of this announcement.

va-Q-tec continues on its positive trend in the first quarter of 2019

- Very strong total revenue growth of 27% to EUR 15.2 million in Q1 2019 compared to EUR 12.0 million in Q1 2018

- Particularly significant revenue growth in high-margin Services division of 76% to EUR 6.5 million compared to EUR 3.7 million in Q1 2018

- EBITDA more than triples to EUR 2.2 million from EUR 0.7 million in the previous year; EBITDA margin increases to 13%

- Strategic progress to strengthen internationalization and technology leadership achieved, e.g. with new project to lease small thermal transport boxes in the USA

Würzburg, 10 May 2019. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), pioneer in highly efficient products and solutions in the area of thermal insulation and TempChain logistics, today publishes its results for Q1 2019. According to this the company remains on its growth track. Especially in the high-margin Services business, the uptrend reported since H2 2018 continued on a strong and stable basis at the start of 2019. Together with the efficiency gains achieved under the "Power 20+" program initiated in 2018, this led to significant growth in earnings before interest, tax, depreciation and amortization (EBITDA) to reach a level equivalent to 13% of total income.

Revenue in Q1 2019 reported a marked increase of 27% to EUR 15.2 million (previous year EUR 12.0 million). The usually strong Products business further accelerated its growth to 18% year-on-year, contributing EUR 5.8 million to total revenue. In the Systems business, which is often influenced by large project orders in individual quarters, revenue decreased by 22% to EUR 2.5 million (previous year EUR 3.2 million). The Services business was particularly pleasing, where the upswing of the previous quarters continued in Q1 2019 thanks to ongoing diversification of the customer structure. In terms of revenue, this is reflected in an increase of 76% over the previous year. As a consequence, EBITDA growth in this segment rose from EUR 3.7 million in the previous year to EUR 6.5 million. Here, some revenues also materialized that were already planned in 2018.

Group EBITDA also performed very positively. The first successes from the "Power 20+" program were achieved at the start of the year, with cost efficiency being improved in areas such as purchasing, network management and production. In addition to accelerated growth in the high-margin Services business, this contributed to the considerable earnings improvement in Q1 2019. EBITDA tripled year-on-year to EUR 2.2 million (previous year: EUR 0.7 million). This led to an increase in the EBITDA margin as measured against total revenue from 4% in the previous year to 13% in Q1 2019.

Dr. Joachim Kuhn, CEO der va-Q-tec, expresses his satisfaction with the company's start to 2019: "We see that our markets are fully intact, demand for our products and services is growing steadily, and our business model is working. Over the past two years, we have invested around EUR 70 million in our business expansion and internationalization. This phase is now behind us and we have laid the foundations for our next growth steps. Now we are looking to the future and aim to leverage the potential the markets are offering us. The positive developments in the first quarter of 2019 underscore that we are on the right track."

In line with its growth strategy, va-Q-tec will continue to push ahead with the internationalization of its business activities in 2019. After the company had started to lease small thermal transport boxes to a major US pharmaceutical industry customer in Q4 2018, the planned run rate was already reached in Q1 2019. In Q1 2019, va-Q-tec underlined the strategically important expansion of its technology leadership, including by jointly applying for the "Crystal Cabin Award" with Airbus Operations GmbH. The international innovation award honors outstanding concepts in the area of aircraft cabin interiors. Here, too, va-Q-tec vacuum insulation panels deliver significantly enhanced energy efficiency.

IR contact
va-Q-tec AG
Felix Rau
Telephone: +49 931 35942 - 2973
Email: Felix.Rau@va-Q-tec.com

cometis AG
Claudius Krause
Telephone: +49 611 - 20 585 5-28
Email: krause@cometis.de

About va-Q-tec
va-Q-tec is pioneer in highly efficient products and solutions in the area of thermal insulation and TempChain logistics. The company develops, produces and markets highly efficient and consequently thin vacuum insulation panels (VIPs) as well as phase change materials (PCMs) for reliable and energy-efficient temperature controlling. 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, up to 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: Appliances & 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

10.05.2019 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
Alfred-Nobel-Straße 33
97080 Würzburg
Phone: +49 (0)931 35 942 0
Fax: +49 (0)931 35 942 10
E-mail: IR@va-Q-tec.com
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
EQS News ID: 809567

End of News DGAP News Service

809567  10.05.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 16,03 18,34 22,54 35,53 46,93 50,71 64,67 73,50
EBITDA1,2 1,62 1,67 3,60 5,22 7,21 3,03 9,67 11,10
EBITDA-Marge3 10,11 9,11 15,97 14,69 15,36 5,98 14,95 15,10
EBIT1,4 0,22 -0,16 0,43 -0,42 -0,32 -6,84 -2,56 -1,30
EBIT-Marge5 1,37 -0,87 1,91 -1,18 -0,68 -13,49 -3,96 -1,77
Jahresüberschuss1 -0,22 -0,62 -0,33 -1,73 -0,86 -7,73 -2,57 -2,20
Netto-Marge6 -1,37 -3,38 -1,46 -4,87 -1,83 -15,24 -3,97 -2,99
Cashflow1,7 1,72 0,08 2,17 -1,10 1,47 -3,65 7,19 8,30
Ergebnis je Aktie8 -0,02 -0,05 -0.02 -0,17 -0,07 -0,59 -0,20 -0,16
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

WKN Kurs in € Einschätzung Börsenwert in Mio. €
663668 14,000 Kaufen 183,25
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
43,75 0,00 0,000 -116,67
4,35 25,49 2,83 23,002
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00 14.08.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2020 13.08.2020 12.11.2020 27.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
28,84% 25,56% 3,70% 91,78%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu va-Q-tec AG  ISIN: DE0006636681 können Sie bei DGAP abrufen

Oberflächen/Verpackung , 663668 , VQT , XETR:VQT