Brief: Friedrich Vorwerk FY Sales At EUR 279 Mln

Friedrich Vorwerk Se

02/03/2022 07:03

March 2 (Reuters) - FRIEDRICH VORWERK GROUP SE  VH2.DE :
    * ACHIEVES SALES OF €279 MILLION WITH AN ADJUSTED EBIT
MARGIN OF
16% IN 2021 AND EXPECTS SIGNIFICANT SALES GROWTH IN 2022
    * AT EUR 312.8 MILLION, FY ORDER BACKLOG AS AT DECEMBER 31,
2021,
REACHED A VALUE SLIGHTLY ABOVE HIGH LEVEL OF PREVIOUS YEAR
    * FY EBITDA MARGIN OF 20.6 % AND AN EBIT MARGIN OF 16.0 %
    * MANAGEMENT EXPECTS A SIGNIFICANT INCREASE IN SALES BY 15%
TO
OVER EUR 320 MILLION IN 2022
    * ADDITIONAL ACCELERATION OF GROWTH COURSE THROUGH STRATEGIC
ACQUISITIONS IS ALSO EXPECTED IN 2022
    * IN VIEW OF ONGOING INTEGRATION OF RECENTLY ACQUIRED
GOTTFRIED
PUHLMANN GROUP, ADJUSTED EBIT MARGIN IS FORECAST AT 15%, JUST
BELOW 2021 LEVEL

Source text for Eikon:  ID:nEQ1NCD7ka 
Further company coverage:  VH2.DE 

 (Gdansk Newsroom)
 ((Gdansk.Newsroom@thomsonreuters.com;))