va-Q-tec expects further strong and profitable growth in the medium term after record financial year 2021

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DGAP-News: va-Q-tec AG / Keyword(s): Annual Report/Forecasts
29.03.2022 / 07:45
The issuer is solely responsible for the content of this announcement.

va-Q-tec expects further strong and profitable growth in the medium term after record financial year 2021

– The consolidated turnover of 104.1 million euros generated by va-Q-tec AG in 2021 exceeds the level of the previous year by a very significant +44%, as well as the level of turnover of 100 million euros

– EBITDA growth outpaces revenue growth to increase by 64% to €18.7 million;
EBITDA margin on sales increases to 18% (previous year: 16%)

– Revenues are expected to grow between €115m and €122m in fiscal 2022 with disproportionate EBITDA growth

– Medium-term orientation: revenues are expected to increase between €160 million and €180 million by 2025; Target EBITDA margin of 22% to 26%

Würzburg, March 29, 2022. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), a pioneer of highly efficient products and solutions in the field of thermal insulation (so-called super insulation) and temperature-controlled supply chains (so-called TempChain logistics), confirms its 2021 results, which were previously published on a preliminary and unaudited basis: with an increase of 44% to 104.1 million euros (previous year: 72.1 million euros), the turnover of the group was well above the upper limit of the target of 95 million euros for 100 million euros. This significant business growth was disproportionately reflected in earnings, with va-Q-tec further improving its profitability in 2021. Earnings before interest, taxes, depreciation and amortization (EBITDA) recorded a significant increase of 64 %, increasing from 11.4 million euros in the previous year to 18.7 million euros. This corresponds to an EBITDA margin on sales of 18%, compared to 16% the previous year.

Dr. Joachim Kuhn, CEO of va-Q-tec AG, comments on the success of the exercise and gives an overview of future trends: “In 2021, the increased availability of coronavirus vaccines in Germany and major vaccination campaigns worldwide have led to a massive increase in demand for temperature-controlled transport solutions. The thermal boxes and containers from va-Q-tec are widely deployed across the entire perimeter of the However, it is not just in the area of ​​TempChain logistics that our business is doing very well: our high-tech vacuum insulation panels offer crucial advantages, especially there where safe and highly efficient insulation solutions are required in the tightest of spaces opens up new opportunities for the future and, after an extraordinary record year in 2021, we will therefore maintain a high growth rate in the short and medium term term, driven by all va-Q-tec markets.”

For the financial year 2022, va-Q-tec expects further revenue growth in a revenue range between 115 million euros and 122 million euros. For earnings before interest, taxes, depreciation, and amortization (EBITDA), the company generally expects a CAGR in fiscal 2022, and disproportionately high growth relative to revenue thanks operational economies of scale and a modified product. mixed reflecting an increasing proportion of higher margin products and services. Due to potential additional costs and uncertainties arising from the current geopolitical turmoil, va-Q-tec expects the EBITDA margin to remain constant, or increase slightly, compared to 2021.

Sven Larsen, Acting Managing Director of the UK subsidiary, comments: “While we still had a significant share of international Covid vaccine shipments to manage in 2021, more promising projects in international drug distribution are emerging from 2022. Our excellent reputation as a provider of secure means of transport for Covid vaccines is having a very positive effect.”

In addition, va-Q-tec strengthens its position as a driver of innovation in the field of thermal energy efficiency through strategic industrial and technological partnerships. Considering that 60% of primary energy consumption in industrialized countries is used for thermal purposes, the Executive Board believes that va-Q-tec is ideally positioned, both technologically and strategically, to benefit sustainably from the megatrend of climate protection through thermal energy efficiency in the years to come.

According to the Management Board, these driving market trends will also result in significant growth in sales and EBITDA in the medium term. Stefan Döhmen, CFO of va-Q-tec AG, comments: “Specifically, we expect revenue growth of between €160m and €180m by 2025, with a target EBITDA margin of 22-26%.” This orientation therefore follows va-Q-tec’s history of profitable growth over the past few years. Dr. Joachim Kuhn adds: “With an average annual growth rate of more than 24% over the past five years, we are leaving many competitors far behind and steadily gaining market share. This performance impressively demonstrates the solid foundation we have created at va -Q-tec for long-term performance and profitability.At the same time, we have established a platform on which we can join forces and drive forward technological innovations.Thus we are continuously developing vacuum insulation and open up new fields of application for the future.”

The full 2021 Annual Report is available today on the website at ir.va-q-tec.com.

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Infrared contact
va-Q-tec SA
Felix Rau
Telephone: +49 931 35942 – 2973
Email: Felix.Rau@va-Q-tec.com

cometis S.A.
Claude Krause
Telephone: +49 611 – 20 585 5 – 28
Email: krause@cometis.de

About va-Q-tec
va-Q-tec is a pioneer of highly efficient products and solutions in the field of thermal insulation and TempChain logistics. The company develops, produces and markets highly efficient and therefore thin vacuum insulation panels (VIPs) and phase change materials (PCMs) for reliable and energy efficient temperature control. va-Q-tec deploys this key thermal technology to produce passive thermal packaging systems (containers and boxes) that maintain constant temperatures, depending on the type, for up to 200 hours without external energy input. In order to set up temperature-sensitive supply chains, va-Q-tec – within a global network of partners – operates a rental fleet of containers and boxes that meet demanding thermal protection standards. In addition to health and logistics as its main market, va-Q-tec addresses the following other markets: household appliances and food, technology and industry, building and mobility. The fast-growing company, founded in 2001, is based in Würzburg, Germany. More information: www.va-q-tec.com, Twitter: @vaQtec, LinkedIn: linkedin.com/company/va-Q-tec

Further information : www.va-q-tec.com

29.03.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
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