27.03.2023 Friedrich Vorwerk Group SE  DE000A255F11

EQS-News: FRIEDRICH VORWERK wins contract for the realization of the land cable connection in the offshore grid connection project BorWin6


 

EQS-News: Friedrich Vorwerk Group SE / Key word(s): Incoming Orders
FRIEDRICH VORWERK wins contract for the realization of the land cable connection in the offshore grid connection project BorWin6

27.03.2023 / 08:51 CET/CEST
The issuer is solely responsible for the content of this announcement.


FRIEDRICH VORWERK wins contract for the realization of the land cable connection in the offshore grid connection project BorWin6

Tostedt, 27 March 2023 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, wins the contract for the realization of the underground land cable connection in the offshore grid connection project BorWin6 with its subsidiary Bohlen & Doyen. The project order awarded by the cable manufacturer Nexans covers the entire, approximately 45 km long, onshore section from the landing point in Büsum, Schleswig-Holstein, to the future converter station in Büttel. The total volume of the order for FRIEDRICH VORWERK is in the mid two-digit million range.

The offshore grid connection system BorWin6 planned by the transmission system operator TenneT forms an important measure of the German energy transition. The 235 km long and 980 MW strong direct current cable connection transports green electricity from the offshore wind farms in the North Sea to the German mainland and thus enables it to be fed into the existing high voltage grid. Due to various dyke and watercourse crossings as well as sensitive ecosystems along the onshore route, around 30 % of the 45 km long underground cable will be realized using the latest trenchless horizontal directional drilling (HDD) technology. Thanks to its market-leading position in Germany in the onshore realization of offshore cable connections and its decades of experience in the field of environmentally-friendly HD drilling, Bohlen & Doyen offers all services from a single source and was thus able to convince Nexans, the cable manufacturer commissioned by TenneT, in the award procedure. After the complex planning and approval phase, the onshore cable laying is to be realized from 2025. Commissioning of the grid connection system is scheduled for 2027.

Against the background of the new federal government's comprehensive electrification plans for transport, industry and buildings, electricity consumption is expected to double by 2045. At the same time, renewable energies are being massively expanded to compensate for the ongoing nuclear and coal phase-out. In order to prepare the already heavily overloaded transmission grid for this change, the German electricity infrastructure is facing an unprecedented investment program. Due to its broad performance and technology portfolio as well as decades of experience in power cable construction, FRIEDRICH VORWERK expects demand in this area to grow strongly in the future.

Contact

Friedrich Vorwerk Group SE
Niedersachsenstraße 19-21
21255 Tostedt
Phone +49 4182 – 2947 0
Fax +49 4182 - 6155
[email protected]
www.friedrich-vorwerk.de/en/

Management Board
Torben Kleinfeldt (CEO)
Tim Hameister

Chairman of the Supervisory Board
Dr Christof Nesemeier

Court of Registration
District Court of Tostedt, registration number: HRB 208170



27.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Friedrich Vorwerk Group SE
Niedersachsenstraße 19-21
21255 Tostedt
Germany
E-mail: [email protected]
Internet: www.friedrich-vorwerk.de
ISIN: DE000A255F11
WKN: A255F1
Listed: Regulated Market in Frankfurt (Prime Standard)
EQS News ID: 1592425

 
End of News EQS News Service

1592425  27.03.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 91,48 105,87 179,33 291,24 279,07 368,16 373,36
EBITDA1,2 7,20 21,08 41,81 58,82 54,48 50,09 31,99
EBITDA-Marge3 7,87 19,91 23,31 20,20 19,52 13,61
EBIT1,4 3,94 13,65 33,83 47,47 41,44 33,75 13,91
EBIT-Marge5 4,31 12,89 18,87 16,30 14,85 9,17 3,73
Jahresüberschuss1 2,57 10,45 23,42 30,52 26,74 16,81 10,27
Netto-Marge6 2,81 9,87 13,06 10,48 9,58 4,57 2,75
Cashflow1,7 0,01 19,77 59,15 33,32 29,83 -10,26 50,42
Ergebnis je Aktie8 0,13 0,52 1,17 1,53 1,37 0,86 0,51
Dividende8 0,00 0,00 0,00 0,00 0,20 0,12 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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: Nexia

INVESTOR-INFORMATIONEN
©boersengefluester.de
Friedrich Vorwerk
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A255F1 19,160 Kaufen 383,20
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,09 24,54 0,61 25,48
KBV KCV KUV EV/EBITDA
2,27 7,60 1,03 10,66
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
0,12 0,12 0,63 03.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 14.08.2024 14.11.2024 26.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
11,64% 27,01% 23,61% 71,99%
    
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