Wolftank Group Reports Strong Sales and Improved Results for Q1-Q3 2024

Wolftank Group AG, a leader in environmental and energy solutions, announced growth in the first nine months of 2024. Sales increased to EUR 89.8 million from EUR 57.0 million the previous year. EBITDA more than doubled to EUR 7.0 million, improving the EBITDA margin to 7.8% from 5.6% in 2023. EBIT turned positive, reaching EUR 2.3 million after being negative EUR 0.2 million last year.

The company's order backlog climbed to over EUR 110 million, a 150% increase. Free cash flow stood at EUR 3.7 million as of September 30, 2024. Environmental remediation remains the core of Wolftank's business, contributing to the order backlog in growing sectors like hydrogen.

Wolftank Group anticipates exceeding the EUR 100 million sales threshold for the first time. CEO Peter Werth highlighted the company's progress as he prepares to transition leadership to Simon Reckla in January 2025.