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MarketScreener Homepage  >  Equities  >  Xetra  >  Va-Q-tec AG    VQT   DE0006636681

VA-Q-TEC AG

(VQT)
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va Q tec : raises its FY 2019 revenue forecast

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11/13/2019 | 12:05pm EDT

DGAP-Ad-hoc: va-Q-tec AG / Key word(s): Change in Forecast
va-Q-tec AG raises its FY 2019 revenue forecast

13-Nov-2019 / 18:02 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.


va-Q-tec AG raises its FY 2019 revenue forecast

Würzburg, 13 November 2019. The Management Board of va-Q-tec AG (ISIN DE0006636681 / WKN 663668) has decided to raise its revenue forecast for the 2019 financial year on the basis of its positive business performance in the first nine months of 2019. The very strong revenue growth primarily reflected disproportionately high revenue growth in the Services business from 66% to EUR 21.3 million in the first nine months of 2019, thanks to the ongoing diversification of the customer structure and the expansion of business with existing customers. When it specified the forecast at the time of the publication of the H1 report, the Management Board had previously assumed that revenue growth for the current financial year would amount to around 20% compared with the previous year. The Management Board now anticipates between 23% and 26% year-on-year revenue growth for the 2019 financial year, depending on the specific trend in year-end business. In addition, va-Q-tec continues to expect an EBITDA margin of between 11% and 14% for the 2019 financial year, after an EBITDA margin of 5% in the 2018 financial year.

va-Q-tec AG will publish its complete financial report for the first nine months of 2019 on 13 November.

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 a 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, for 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


13-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 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: 912025

 
End of Announcement DGAP News Service

912025  13-Nov-2019 CET/CEST

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© EQS 2019
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Sales 2019 64,5 M
EBIT 2019 -2,40 M
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P/E ratio 2019 -34,3x
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