EQS-News: Wolftank-Adisa Holding AG
/ Key word(s): Half Year Results
Press release Innsbruck, 25 September 2023 Wolftank Group with high demand and solid first half of 2023
Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6), specializing in technologies for energy and environmental solutions, reported a strong order situation in the first half of 2023: the order backlog amounted to EUR 44.1 mn as of 30 June 2023, a doubling compared to the same period last year (30.6.2022: EUR 22.5 mn), and points to a positive picture for the further course of business. The Hydrogen & Renewable Energy segment is attracting massive customer interest, and in the first two quarters of 2023 the company has placed bids amounting to EUR 158 mn - more than two and a half times total annual sales in 2022. Order intake continues to be slowed by lengthy procurement processes, especially in the public sector; a gradual acceleration is expected as business progresses. New strategic cooperations continue to boost the good order situation: In January, the Wolftank Group was selected by TPER - the provider of local public transport in the Italian region of Emilia Romagna - as an operational-industrial partner in a joint consortium to supply integrated hydrogen refueling systems for 127 zero-emission buses by 2026. A first order worth EUR 9.5 mn was received at the end of June. Agreements with the hydrogen powered bus manufacturer ARTHUR BUS for the further development and delivery of mobile hydrogen tank containers, a distribution agreement with EnerMech for the Australian and New Zealand industries, and EUR 4 mn framework agreements with several leading e-mobility providers in Italy for the installation of more than 400 mainly fast charging stations further stimulate the business. Following the establishment of its own subsidiary in the USA in February 2023, the Group recently entered a cooperation with Matrix Service Inc. under which Matrix will provide contract manufacturing and assembly services for Wolftank's Hydrogen Smart Containers (HSC). This will bring Wolftank Group's mobile hydrogen refueling solutions to the US market on a scalable basis. Half-year results The Group's equity increased by around one quarter to EUR 19.0 mn (30.6.2022: EUR 15.1 mn), the equity ratio was 31.9% (30.6.2022: 26.3%). Net debt improved compared to the same period of the previous year and amounted to EUR 10.1 mn (30.6.2022: EUR 12.7 mn), gearing was 53 % (30.6.2022: 84 %). The number of shares increased to 4.8 mn (2022: 4.4 mn shares) due to the capital increase successfully executed at the end of 2022 and registered in January 2023. Segments Acquisition of Petroltecnica strengthens position Outlook "Petroltecnica operates successfully in our two traditional business areas of environmental services and industrial coatings. Together we can increase efficiency, leverage synergies and consolidate these areas at a new level. As a result, this merger will once again significantly strengthen our position. We will not run out of business opportunities at a time when the need for maintenance and refurbishment of aging service stations, for example, is constantly increasing," says Peter Werth, CEO of Wolftank Group. "In the hydrogen sector, we again foresee strong future growth, which is already evident in our order books. Preparing for this growth currently requires a lot of upfront work such as bid calculations and management time, and thus costs money accordingly. We expect to clearly exceed the sales threshold of 100 million euros next year and significantly improve our profitability." Focus on sustainability
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25.09.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com |
Language: | English |
Company: | Wolftank-Adisa Holding AG |
Grabenweg 58 | |
6020 Innsbruck | |
Austria | |
Phone: | +43 512 345726 |
E-mail: | investor-relations@wolftankgroup.com |
Internet: | www.wolftankgroup.com |
ISIN: | AT0000A25NJ6 |
WKN: | A2PBHR |
Listed: | Vienna Stock Exchange (Vienna MTF) |
EQS News ID: | 1732911 |
Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr, XETRA |
End of News | EQS News Service |
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1732911 25.09.2023 CET/CEST
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