EQS-News: Q1-Q3 2024: Wolftank Group with strong sales and significantly improved operative results
EQS-News: Wolftank Group AG / Key word(s): 9 Month figures/Development of
Sales
Q1-Q3 2024: Wolftank Group with strong sales and significantly improved
operative results
18.12.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Q1-Q3 2024: Wolftank Group with strong sales and significantly improved
operative results
Wolftank Group AG (ISIN: AT0000A25NJ6), a global leader in environmental
and energy solutions, continued its growth in the first nine months of
2024. Sales reached EUR 89.8m, after EUR 57.0m in the same period of the
previous year. EBITDA more than doubled to EUR 7.0m (1-9 2023: EUR 3.2m),
improving the EBITDA margin to 7.8% (1-9 2023: 5.6%). EBIT turned clearly
positive to EUR 2.3m, after EUR -0.2m in the first three quarters 2023.
The Group’s strong order backlog amounted to more than EUR 110m as of 30
September 2024, up 150% from EUR 44.0m at the same reporting date last
year. The Group’s free cash flow was EUR 3.7m on 30 September 2024.
The Group’s core business, environmental remediation, remains the
foundation of its operations. The stability and maturity of this segment
provides a competitive advantage and supports the strong order backlog in
growth areas as hydrogen. Sales in the Environmental Services segment
reached EUR 62.2m, representing 69% of the Group’s total sales. Hydrogen &
Renewables sales amounted to EUR 12.5m (14% of total sales), Industrial
Coatings & Maintenance sales totaled EUR 15.1m (17% of total sales).
Continuous positive outlook
Wolftank Group’s strong performance in the first three quarters of the
year sets the stage for continued success driven by the company’s deep
industry expertise. By leveraging its strengths across different sectors,
the Group is well positioned to continue its growth path. The company
expects to meet the expectations of the capital markets by delivering on
the guidance provided at time of the half-year results.
„We have worked consistently to improve our performance in all business
areas. For the first time in the history of Wolftank Group, we expect to
exceed the EUR 100 million sales threshold, as we announced in September.
This is a major milestone for our company and also for me personally. Our
results lay an excellent foundation for further growth in the years to
come,“ says CEO Peter Werth. After 10 years, he will hand over the
position of CEO to Executive Board member Simon Reckla as of 1 January
2025.
About Wolftank Group
Wolftank Group is a leading technology partner for energy and
environmental solutions operating worldwide. In the field of energy
mobility and logistics, the Group supports customers in more than 20
countries to implement projects in an efficient and environmentally
friendly way. For this, it develops and implements tomorrow’s technologies
to decarbonize transport and build the infrastructure for zero-emission
mobility – such as turnkey delivery of modular hydrogen and LNG refueling
facilities. In the area of environmental solutions, the offering includes
due diligences for environmental risks, customized services for soil and
groundwater remediation, as well as recycling. The group’s subsidiaries in
eight countries on three continents are managed by Wolftank-Adisa Holding
AG, based in Innsbruck, Austria. The share of Wolftank Group AG (WKN:
A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus segment of
the Vienna Stock Exchange and in the m:access of the Munich Stock Exchange
and is traded on Xetra, the Frankfurt and Berlin Stock Exchanges. Further
information: [1] www.wolftankgroup.com
Contact:
Wolftank Group Investor Relations
phone: +43 512 345726
email: [2]investor-relations@wolftankgroup.com
Disclaimer:
This communication contains forward-looking statements based on current
knowledge, expectations, and projections of Wolftank Group AG’s management
about the future. All statements are subject to potentially uncertain
assumptions and risks that could cause actual results to differ materially
from those expressed or implied by such statements. Such statements can be
identified using words such as „expect“, „plan“, „anticipate“, „target“,
„estimate“, „assume“ or similar. Consequently, statements relating to the
future are only valid at the time they are made. The Company does not
assume any obligation to adjust, correct or monitor statements made in
this communication in the future.
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18.12.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Wolftank Group AG
Grabenweg 58
6020 Innsbruck
Austria
Phone: +43 512 345726
E-mail: investor-relations@wolftankgroup.com
Internet: www.wolftankgroup.com
ISIN: AT0000A25NJ6
WKN: A2PBHR
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2053323
Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr,
XETRA
End of News EQS News Service
2053323 18.12.2024 CET/CEST
References
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2. investor-relations@wolftankgroup.com
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