va-Q-tec AG beats FY 2016 revenue and EBITDA expectations

Ad hoc release

va-Q-tec beats FY 2016 revenue and EBITDA expectations

Würzburg, 21 March 2017 va-Q-tec AG (ISIN DE0006636681 / WKN 663668), a technologically leading provider of highly efficient products and solutions in the area of thermal insulation cold chain logistics, reports stronger revenue growth for the 2016 financial year and considerably faster adjusted EBITDA growth than originally expected for 2016.

The va-Q-tec Group grew its revenue by 58% in 2016, from EUR 22.5 million in 2015 to EUR 35.5 million, according to preliminary unaudited IFRS figures. Total operating income was up by 45% from EUR 29.6 million to EUR 42.8 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) adjusted for one-off costs of the IPO jumped by 92% in the reporting financial year, from EUR 3.6 million to EUR 6.9 million. This corresponds to an adjusted EBITDA margin of 16% compared with 12% in the previous year.

Growth momentum in all of the Group's business areas - Products, Systems and Services - was the key factor for the strong performance during the full course of 2016. The unexpectedly positive business environment in Q4 2016 with the short-term awarding of large-scale orders in the Systems business division led to expectations being exceeded.

These results are preliminary and subject to auditor certification. The final financial results for the 2016 financial year, as well as the outlook for the 2017 financial year, will be published on April 27, 2017, and made available on the website at ir.va-q-tec.com.

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IR contact
va-Q-tec AG
Felix Rau
Telephone: +49 931 35942 - 2973
Email: Felix.Rau@va-Q-tec.com

cometis AG
Claudius Krause
Telephone: +49 611 - 20 585 5-28
eMail: krause@cometis.de

About va-Q-tec:
va-Q-tec is a leading provider of highly efficient tech products and solutions in the field of thermal insulation and cold chain logistics. The Company develops, manufactures and sells innovative, thin vacuum insulation panels ("VIPs") and phase change materials ("PCMs") for reliable and energy efficient temperature control and insulation. Furthermore, by optimally integrating VIPs and PCMs, va-Q-tec manufactures passive thermal packaging solutions (containers and boxes), which offer constant temperature conditions between 24 and over 200 hours without using external energy sources. Within its rental services business, the company has built a global partner network to provide for an extensive fleet of containers and boxes fulfilling highly demanding thermal protection standards in temperature sensitive supply chains. Besides Healthcare & Logistics as main market, va-Q-tec addresses additional markets such as Appliances & Food, Technics & Industry, Building and Mobility. The strongly growing Company was founded in 2001, and has its headquarters in Würzburg. More information on va-Q-tec under www.va-q-tec.com.