Brief: Va Q Tec Q1 EBITDA Down At EUR 3.9 Mln

va Q tec AG

09/06/2022 16:20

June 9 (Reuters) - VA Q TEC AG  VQTG.DE :
    * FY REVENUE ROSE 44 PERCENT TO 104.1 MILLION EUR
    * REVENUES STILL EXPECTED TO GROW TO BETWEEN EUR 115 MILLION
AND
EUR 122 MILLION IN 2022, AND TO BETWEEN EUR 160 AND EUR 180
MILLION BY 2025
    * FY 21 GROUP REVENUE GREW BY 44% TO EUR 104.1 MILLION OVER
THIS
PERIOD (PREVIOUS YEAR: EUR 72.1 MILLION)
    * FY EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTIZATION
(EBITDA) REPORTED SIGNIFICANT GROWTH OF 64%, FROM EUR 11.4
MILLION IN PREVIOUS YEAR TO EUR 18.7 MILLION
    * FY THIS CORRESPONDS TO AN EBITDA MARGIN ON REVENUE OF 18%,
COMPARED WITH 16% IN PRIOR-YEAR PERIOD
    * Q1 2022 25% GROWTH IN REVENUE TO EUR 28.0 MILLION
(PREVIOUS
YEAR: EUR 22.4 MILLION)
    * Q1 EBITDA WAS DOWN COMPARED WITH PRIOR-YEAR QUARTER TO EUR
3.9
MILLION DUE TO CURRENT COST DEVELOPMENT, COMPARED WITH EUR 4.6
MILLION IN Q1 2021 (-16%)
    * OUTLOOK 2022: CONTINUES TO EXPECT FURTHER REVENUE GROWTH
TO A
REVENUE RANGE OF BETWEEN EUR 115 MILLION AND EUR 122 MILLION
    * OUTLOOK 2022: CONTINUES TO EXPECT REVENUES TO GROW TO
BETWEEN
EUR 160 MILLION AND EUR 180 MILLION BY 2025, WITH A TARGETED
EBITDA MARGIN OF 22 TO 26%

Source text for Eikon:  ID: 
Further company coverage:  VQTG.DE 

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