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.
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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
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