FRIEDRICH VORWERK Reports Strong Q1 EBITDA Growth

FRIEDRICH VORWERK Group SE revealed an impressive 21% increase in its EBITDA, totaling €6.8 million for the first quarter, alongside a 9% EBITDA margin from revenues of €76.7 million. As a prominent energy infrastructure provider, the company observed a moderate revenue rise of 5% during this period.

This financial growth is attributed to the successful phase-out of legacy projects bound by high cost escalations, now replaced by more favorable new projects contributing positively to earnings. The company has also enhanced profitability by reducing subcontractor services and increasing in-house value creation, thereby improving operational efficiency.

The first quarter saw a promising order intake of €121.3 million, driven significantly by the Electricity segment through several transformer station projects. Maintaining an all-time high order backlog of €1,045 million, Friedrich Vorwerk anticipates sustained growth and profitability, with projected revenues of over €380 million and an EBITDA margin between 11% and 13% for the fiscal year 2024.