Friedrich Vorwerk Group Q3 EBITDA jumps 58% on higher JV contribution

By Reuters News


Overview

  • Germany energy infrastructure firm's Q3 EBITDA rose 58% and revenue grew 13% yr/yr

  • Company raised 2026 revenue and EBITDA guidance

  • Profitability gains driven by more joint ventures and lower cost of materials ratio


Outlook

  • Friedrich Vorwerk raises 2026 revenue forecast to €760-790 mln from €730-780 mln

  • Company lifts 2026 EBITDA forecast to €220-230 mln from €180-200 mln


Result Drivers

  • JOINT VENTURES - Co said higher share of joint ventures contributed to improved profitability

  • MATERIAL COSTS - Co said significant reduction in cost of materials ratio boosted profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 565.60 mln

9M EBITDA

EUR 173.40 mln

9M Order Backlog

EUR 1.25 bln

9M Orders

EUR 451.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for Friedrich Vorwerk Group SE is €110.50, about 65.7% above its October 20 closing price of €66.70

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 19 - Germany unveils plan to accelerate adoption of hydrogen

  • Oct 20 - German producer prices rise most in 3-1/2 years in September

  • Oct 19 - German industry has lost nearly half a million jobs since 2019, Ifo says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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