04.04.2023 Friedrich Vorwerk Group SE  DE000A255F11

EQS-News: FRIEDRICH VORWERK concludes framework contract with TenneT for the execution of HDD drilling for offshore connection lines and receives first call order in the high double-digit million range


 

EQS-News: Friedrich Vorwerk Group SE / Key word(s): Incoming Orders
FRIEDRICH VORWERK concludes framework contract with TenneT for the execution of HDD drilling for offshore connection lines and receives first call order in the high double-digit million range

04.04.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


FRIEDRICH VORWERK concludes framework contract with TenneT for the execution of HDD drilling for offshore connection lines and receives first call order in the high double-digit million range

Tostedt, 4 April 2023 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, recently concluded a framework contract with the transmission system operator TenneT via its subsidiary Bohlen & Doyen to carry out horizontal drilling for various planned offshore connection lines. Bohlen & Doyen constitutes part of a joint venture with equal rights, which also includes the companies Matthäi and Beermann. The framework contract covers the turnkey planning and construction of protective pipe systems using the specialised horizontal directional drilling (HDD) method, which are used to later lay the marine cables originating from the offshore wind farms under obstacles such as islands or to connect them to the mainland. The process is considered particularly environmentally friendly due to the low impact on sensitive coastal ecosystems. With its market-leading position in Germany in the onshore connection of offshore cables and state-of-the-art drilling technology, Bohlen & Doyen offers all services from a single source and was thus able to convince TenneT.

Shortly after signing, TenneT already ordered the first services from the framework contract. These include a series of drillings for the grid connection of the offshore systems BorWin6, Heide1 and Baltrum1-5 in Schleswig-Holstein and Lower Saxony. The total value of the orders is well into the three-digit million range, in which Bohlen & Doyen will have a share in the high double-digit million range. The first drillings for the grid connection line BorWin6 are to be carried out as early as the second half of 2023, with further drillings planned until 2028.

Furthermore, Bohlen & Doyen continues to be intensively involved in the second project phase of the mega-project A-North of the transmission system operator Amprion, which was put out to tender in the novel IPA model (Integrated Project Execution). The current project phase is expected to be completed this summer at the latest in order to be able to start work in time by the end of the year to early 2024 in the event of a successful agreement and subsequent commissioning of the third project phase. A-Nord is the first of the three major corridor projects currently nearing completion to transport wind power from the German coast to the main consumer centres in the south.

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



04.04.2023 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: 1600091

 
End of News EQS News Service

1600091  04.04.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
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 15,600 Kaufen 312,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,28 23,55 0,52 20,75
KBV KCV KUV EV/EBITDA
1,85 6,19 0,84 8,44
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,12 0,12 0,77 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
0,94% 15,35% 0,65% 42,34%
    
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