Friedrich Vorwerk jumps after lifting EBITDA outlook
Yesterday 07:17
BUZZ-Friedrich Vorwerk jumps after lifting EBITDA outlook ** German energy infrastructure company Friedrich Vorwerk VH2.DE rises 4% in early Frankfurt trade after it hiked its 2026 EBITDA and revenue forecasts
** Friedrich Vorwerk raises its 2026 EBITDA outlook to €220-230 million (prev.: €180-200 million), after Q3 EBITDA rose 58% to €80.9 million ($90.77 million)
** A local trader says "especially strong EBITDA guidance is a bullish catalyst", but adds that "order backlog is slow, so the initial positive reaction could fade"
** The company reports end-Sept order backlog of €907.2 million, compared with €1.1 billion a year earlier
** Up to the previous session's close, shares were down about 18% this year
($1 = 0.8913 euros)
(Reporting by Kira Britten)