Friedrich Vorwerk Group Q3 EBITDA jumps 58% on higher JV contribution
Friedrich Vorwerk Group Q3 EBITDA jumps 58% on higher JV contribution
Overview
Germany energy infrastructure firm's Q3 EBITDA rose 58% and revenue grew 13% yr/yr
Company raised 2026 revenue and EBITDA guidance
Profitability gains driven by more joint ventures and lower cost of materials ratio
Outlook
Friedrich Vorwerk raises 2026 revenue forecast to €760-790 mln from €730-780 mln
Company lifts 2026 EBITDA forecast to €220-230 mln from €180-200 mln
Result Drivers
JOINT VENTURES - Co said higher share of joint ventures contributed to improved profitability
MATERIAL COSTS - Co said significant reduction in cost of materials ratio boosted profitability
Company press release: ID:nEQ6ky0Gha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| EUR 565.60 mln |
|
9M EBITDA |
| EUR 173.40 mln |
|
9M Order Backlog |
| EUR 1.25 bln |
|
9M Orders |
| EUR 451.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Friedrich Vorwerk Group SE is €110.50, about 65.7% above its October 20 closing price of €66.70
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Oct 19 - Germany unveils plan to accelerate adoption of hydrogen
Oct 20 - German producer prices rise most in 3-1/2 years in September
Oct 19 - German industry has lost nearly half a million jobs since 2019, Ifo says
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)