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    VQT   DE0006636681


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: va-Q-tec reports record quarter in all corporate areas; very strong growth momentum accelerates

05/11/2021 | 01:31am EDT
DGAP-News: va-Q-tec AG / Key word(s): Quarterly / Interim Statement 
va-Q-tec reports record quarter in all corporate areas; very strong growth momentum accelerates 
2021-05-11 / 07:30 
The issuer is solely responsible for the content of this announcement. 
va-Q-tec reports record quarter in all corporate areas; very strong growth momentum accelerates 
- Revenue growth of +27% in Q1 2021 to EUR 22.4 million 
- Growth in all divisions: Products business +50%; Systems business +42%; Services +9% 
- Q1 2021 EBITDA up 63% to EUR 4.6 million; EBITDA margin improves significantly to 21% of revenues (previous year: 
16%); EBIT clearly positive at EUR 1.4 million in Q1 2021 (previous year: EUR -0.2 million) 
- Continued high share of revenues in the healthcare sector at 72%: va-Q-tec thermal containers essential for 
temperature-controlled transport of CoVid-19 vaccines 
- Record quarter in all areas marks successful start to a promising financial year 
- FY 2021 forecast confirmed: revenues between EUR 90 - 100 million with a targeted further year-on-year increase in 
EBITDA margin 
Würzburg, 11 May 2021. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), pioneer of highly efficient products and solutions 
in the area of thermal insulation (so-called super thermal insulation) and temperature-controlled supply chains 
(so-called "TempChain" logistics), recorded the strongest quarter in the company's history in Q1 2021. The EUR 20 
million revenue level in one quarter was clearly surpassed. With revenue growth of 27% to EUR 22.4 million (previous 
year: EUR 17.6 million), the previous quarters' growth momentum accelerated further. Monthly revenue in excess of EUR 8 
million was also achieved. This revenue growth was driven by all three divisions, with especially the Products division 
and the Systems division (sale of thermal packaging) recording dynamic increases. The Group's profitability also 
reflected a significant year-on-year improvement. Compared to the same quarter of the previous year, the 63% increase 
in earnings before interest, tax, depreciation and amortization (EBITDA) outstripped the rate of revenue growth, rising 
from EUR 2.8 million to EUR 4.6 million, by far the highest level that va-Q-tec has ever achieved. As a consequence, 
the EBITDA margin jumped from 16% to 21% in relation to revenues, or to 16% in relation to total revenues (previous 
year: 14%). 
For the individual divisions of va-Q-tec AG, the trend was as follows overall: the Products business (sale of vacuum 
insulation panels) continued the performance from the second half of 2020. Thanks to rising demand for energy-efficient 
refrigerators and freezers in consumer markets, combined with the stay-at-home trend and the introduction of the new 
energy efficiency label for household appliances, revenues in this segment jumped 50% to EUR 6.3 million (previous 
year: EUR 4.2 million), the highest level ever achieved in this segment. In the Systems division (sale of thermal 
packaging), revenues were up by 42% year-on-year, from EUR 4.8 million to EUR 6.8 million, which also represents a 
record level. Business with the va-Q-pal SI (SI for SuperInsulation), a solution for transporting coronavirus vaccines 
to harder-to-reach regions of the world, performed particularly well. Likewise, a new product based on the va-Q-tray 
technology was developed within a very short period of time for the temperature-stable storage and transportation of 
filled vaccine syringes within vaccination centers. The Services business (rental of containers and boxes for the 
shipment of temperature-sensitive goods) also recorded a 9% increase in revenue in Q1 2021 to a reach a new quarterly 
record level of EUR 8.9 million (previous year: EUR 8.2 million). Here, va-Q-tec benefited above all from strong growth 
in the number of rentals of small thermal boxes for the "last mile", especially for vaccine distribution. Here, in 
particular, the company identifies further growth over the coming quarters thanks to vaccine shipments. 
The positive trend continued in the second quarter. For example, the increased availability of CoVid-19 vaccines both 
in Germany and worldwide is currently leading to greater demand for temperature-controlled transport solutions. 
va-Q-tec's thermal boxes and containers are being deployed extensively along the entire value chain - from the 
transportation of raw materials, and all the way through to vaccination centers. With possible booster vaccinations and 
adjustments of the vaccine to address virus mutations, this business could stabilize in subsequent years, and 
accelerate growth in the long term. 
However, it was not only in the area of TempChain logistics that business performed very well in Q1 2021: va-Q-tec's 
high-tech vacuum insulation panels offer crucial advantages, especially wherever secure and highly efficient insulation 
solutions are required in the tightest of spaces. Accordingly, va-Q-tec is not only valued as a reliable partner in the 
healthcare industry, but also in numerous other areas, such as the industrial insulation of pipelines, building 
insulation, and the high-tech insulation of electric vehicles. This is underscored, for example, by the strategic 
partnerships with Hutchinson for thermal management in the mobility sector, and with Uponor in the area of highly 
energy-efficient and form-flexible pipe insulation. In addition to the currently dominant TempChain business, 
va-Q-tec's innovative high-tech insulation solutions have put the company in an excellent position to benefit from the 
megatrend of climate protection through thermal energy efficiency. 
Dr. Joachim Kuhn, CEO of va-Q-tec AG, comments: "The bulk of the international vaccine roll-out is still in the 
start-up phase at present, so it is yet to come. We are proud that our temperature-stable and energy-efficient 
transport solutions are in use worldwide for the distribution of Covid-19 vaccines. This confirms the leading position 
of our products and solutions for temperature-stable transport. It is also pleasing to note that we are also seeing 
growing demand for our products outside the healthcare sector. This opens up further opportunities for us in the 
future. We have a clear vision to develop va-Q-tec into the leading high-performance company in the area of thermal 
energy efficiency and high-performance thermal packaging for TempChain logistics. And we see ourselves continuing on a 
very good path toward that goal in our twentieth anniversary year." 
IR contact 
va-Q-tec AG 
Felix Rau 
Phone: +49 931 35942 - 2973 
Email: Felix.Rau@va-Q-tec.com 
cometis AG 
Claudius Krause 
Phone: +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. va-Q-tec 
deploys this key thermal technology in order to produce passive thermal packaging systems (containers and boxes) that 
maintain constant temperatures, depending on type, for up to 200 hours without external energy input. In order 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, Twitter: @vaQtec, LinkedIn: linkedin.com/company/va-Q-tec 
Further information: www.va-Q-tec.com 
2021-05-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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 
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:  1194859 
End of News   DGAP News Service 

1194859 2021-05-11

Image link: 

(END) Dow Jones Newswires

May 11, 2021 01:30 ET (05:30 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.92% 34792.67 Delayed Quote.13.83%
PAL GROUP HOLDINGS CO., LTD. -1.68% 1636 End-of-day quote.33.99%
UPONOR OYJ 1.71% 27.42 Delayed Quote.48.46%
VA-Q-TEC AG -1.79% 30.15 Delayed Quote.-0.65%
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More news
Sales 2021 100 M 119 M 119 M
Net income 2021 4,72 M 5,58 M 5,58 M
Net Debt 2021 48,8 M 57,7 M 57,7 M
P/E ratio 2021 83,6x
Yield 2021 -
Capitalization 394 M 467 M 467 M
EV / Sales 2021 4,42x
EV / Sales 2022 3,70x
Nbr of Employees 573
Free-Float 55,3%
Duration : Period :
va-Q-tec AG Technical Analysis Chart | MarketScreener
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Technical analysis trends VA-Q-TEC AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 30,15 €
Average target price 37,80 €
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
Joachim Kuhn Chairman-Management Board & CEO
Stefan D÷hmen Chief Financial Officer
Gerald Hommel Chairman-Supervisory Board
Winfried Klar Member-Supervisory Board
Eberhard Kroth Member-Supervisory Board
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