13.08.2020 va-Q-tec AG  DE0006636681

DGAP-News: va-Q-tec continues to report significant growth in H1 2020 and boosts profitability


 

DGAP-News: va-Q-tec AG / Key word(s): Half Year Results
va-Q-tec continues to report significant growth in H1 2020 and boosts profitability

13.08.2020 / 07:45
The issuer is solely responsible for the content of this announcement.


va-Q-tec continues to report significant growth in H1 2020 and boosts profitability

  • Revenue growth of +14% in H1 2020 to EUR 35.7 million
  • Systems division (sale of thermal packaging systems) makes particularly strong contribution to revenue growth at +77%
  • Healthcare sector's revenue share markedly higher at 77% in H1 2020 (H1 2019: 63%)
  • EBITDA outstrips top-line growth and jumps 44% to EUR 6.3 million
  • EBITDA margin improves further to 18% of revenue and 15% of total income (previous year: 14% and 13%)
  • Positive EBIT at EUR 0.2 million in H1 (previous year: EUR -1.6 million)
  • Specification of FY 2020 forecast: Revenue growth of 10-15% with slightly improved EBITDA margin


Würzburg, 13 August 2020. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), pioneer of highly efficient products and solutions in the area of thermal insulation (super thermal insulation) and temperature-controlled supply chains (TempChain logistics), today publishes its results for the first half of 2020, which show that robust growth continued during the CoVid-19 pandemic. Especially the Systems and Service divisions reported growth, leading to significantly higher overall profitability for the Group.

Revenue in the first half of 2020 reported a marked increase of 14% to EUR 35.7 million (previous year: EUR 31.3 million). The share attributable to the healthcare sector jumped to 77% (previous year: 63%). While the product business decreased due to customers' production interruptions in the wake of CoVid-19, the Systems and Service divisions benefited from significantly higher demand from the healthcare sector. For example, several million coronavirus test kits have been delivered worldwide in va-Q-tec containers.

In the Systems business (sale of thermal packaging), revenue recorded strong growth of 77% year-on-year to EUR 10.5 million (previous year: EUR 5.9 million). Large orders from Scandinavia for several thousand thermoboxes proved to be especially important for va-Q-tec in the first half of 2020. Even under the most adverse outdoor conditions, these boxes reliably ensure constant temperatures when delivering temperature-sensitive medicines "on the last mile" from the wholesaler to the pharmacy.

The Services business also reported very dynamic performance. By renting out containers and boxes for the transport of temperature-sensitive goods, va-Q-tec grew its revenues by 21% to EUR 16.8 million (previous year: EUR 13.9 million). va-Q-tec benefited here from both a significant broadening of its customer base and a large number of international transports of diagnostic kits. For example, more than every second coronavirus test kit shipped worldwide by airfreight was transported in a va-Q-tec container that is temperature-stable for up to 10 days.

By contrast, the Products business (sales of vacuum insulation panels) recorded a 28% decrease in revenue to EUR 7.8 million (previous year: EUR 10.8 million), mainly as a consequence of the CoVid-19 pandemic and associated interruptions in customer operations during the first half of the year. However, va-Q-tec expects at least slight catch-up effects over the rest of the financial year and is continuing to work on strategically important projects, including those for the manufacturing industry and aviation.

Compared to the same period of the previous year, the 44% growth in earnings before interest, tax, depreciation and amortization (EBITDA) significantly outstripped the rate of revenue growth, rising from EUR 4.4 million to EUR 6.3 million. The EBITDA margin thereby increased year-on-year from 13% to 15% in terms of total income, and from 14% to 18% in terms of revenues.

Earnings before interest and taxes (EBIT) consequently posted a very significantly improvement of EUR 1.8 million, from EUR -1.6 million to EUR +0.2 million, and are thereby now in positive territory.

Dr. Joachim Kuhn, CEO of va-Q-tec AG, comments on the positive trend: "The results for the first half of the year show that our long-term strategic considerations are bearing fruit. Particularly in these difficult times, and especially in the pharmaceutical and biotech industries, the importance of stable, temperature-controlled logistics chains is becoming apparent - which is where our transport solutions are making an important contribution. And we also see ourselves as very well positioned for the future. The long-term trend towards sustainability and energy efficiency does not end with CoVid-19 - on the contrary. Countries worldwide are integrating the promotion of sustainable economic activity into their coronavirus economic stimulus programs. With our products and solutions for greater energy efficiency, we can especially benefit from this trend."

In light of the unbroken positive outlook, especially in the TempChain logistics area, va-Q-tec AG expects to maintain the growth momentum it has reported to date over the remainder of the financial year. Given this, the Management Board is specifying its forecast for 2020 financial year revenue growth in a range of 10-15% and an EBITDA margin slightly above the previous year's level. This forecast is subject to the prevention of a significant renewed outbreak of the CoVid-19 pandemic in the context of a (global) "second wave". On the other hand, va-Q-tec AG also has the opportunity to participate in potential CoVid-19 vaccine transports with its boxes and containers if one or more vaccines are approved in the current fiscal year.

+++END+++


IR contact
va-Q-tec AG
Felix Rau
Tel.: +49 931 35942 - 2973
Email: [email protected]

cometis AG
Claudius Krause
Tel.: +49 611 - 20 585 5-28
Email: [email protected]

About va-Q-tec
va-Q-tec is a pioneer in highly efficient products and solutions in the area of thermal insulation (so-called "super 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. In addition, va-Q-tec produces passive thermal packaging systems (containers and boxes) through optimally integrating VIPs and PCMs, which can maintain constant temperatures, depending on type, up to 240 hours without external energy input. 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



13.08.2020 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.
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Language: English
Company: va-Q-tec AG
Alfred-Nobel-Straße 33
97080 Würzburg
Germany
Phone: +49 (0)931 35 942 0
Fax: +49 (0)931 35 942 10
E-mail: [email protected]
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: 1117003

 
End of News DGAP News Service

1117003  13.08.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 46,93 50,71 64,67 72,11 104,06 111,83 131,00
EBITDA1,2 7,21 3,03 9,67 11,40 17,79 7,73 10,00
EBITDA-Marge3 15,36 5,98 14,95 15,81 17,10 6,91
EBIT1,4 -0,32 -6,84 -2,56 -0,90 4,14 -7,26 -4,90
EBIT-Marge5 -0,68 -13,49 -3,96 -1,25 3,98 -6,49 -3,74
Jahresüberschuss1 -0,86 -7,73 -2,57 -1,44 1,41 -11,66 -8,00
Netto-Marge6 -1,83 -15,24 -3,97 -2,00 1,36 -10,43 -6,11
Cashflow1,7 1,47 -3,65 7,19 7,41 3,28 9,68 0,00
Ergebnis je Aktie8 -0,07 -0,59 -0,20 -0,11 0,16 -0,87 -0,59
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
va-Q-tec
WKN Kurs in € Einschätzung Börsenwert in Mio. €
663668 23,200 Halten 342,35
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
80,00 0,00 0,00 -92,43
KBV KCV KUV EV/EBITDA
8,85 35,36 3,06 51,14
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 29.08.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
23.05.2023 10.08.2023 09.11.2023 28.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,89% -5,78% -5,31% 3,80%
    
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Oberflächen/Verpackung , 663668 , VQT , HAM:VQT