Friedrich Vorwerk Group SE (VH2) Earnings Call Transcripts

Friedrich Vorwerk Group SE's Latest Earnings Call - Q1 FY2026

In Q1 2026, Friedrich Vorwerk Group SE reported a revenue of EUR 139 million, reflecting a 5% increase year-over-year, despite challenging weather conditions that impacted project execution. EBITDA surged 75% to EUR 31.8 million, resulting in a margin of 22.8%. Management maintained guidance for fiscal year 2026, projecting revenue between EUR 730 million and EUR 780 million and EBITDA of EUR 160 million to EUR 180 million, signaling confidence in continued growth driven by the energy transition.

Reported metrics

Guidance from management

Management maintained its guidance for FY 2026, projecting revenue between EUR 730 million and EUR 780 million and EBITDA of EUR 160 million to EUR 180 million, indicating confidence in organic growth potential.

What management said

Well, as Tim already elaborated, we didn't have an order intake of major large-scale project. It was a lot of district heating, small, medium-sized projects, not only from district heating, but in the end, from all markets. And I think it does show a tendency that both in distribution and also in transport bids, there are a lot of activities, not only in major projects, but also in smaller to medium-sized projects th...

Yes. Thank you very much for listening today. To be honest, I'm very happy with the Q1 we had so far. I think we haven't had a stronger Q1 so far in company's history at least as I can recall it, Hopefully, this year goes on like this. And if whether it's with us, I think we'll come out with a very strong year 2026. And I'm really delighted to join this with you. Have a good week.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of the proposed cable law changes on future projects, questioning the political motivations behind the shift. Additionally, there were inquiries about the company's performance in Q2 and the sustainability of headcount growth rates.

Main topics on the call

• Strong Revenue Growth — Friedrich Vorwerk achieved a revenue increase of 5% YoY to EUR 139 million, attributed to a strong performance in March and a 4% increase in headcount. CEO Torben Kleinfeldt noted, "We haven't had a stronger Q1 so far in...
• Significant EBITDA Improvement — The company reported an EBITDA of EUR 31.8 million, a 75% increase, leading to a margin of 22.8%. This improvement was driven by reduced material expenses and a favorable project mix, highlighting operational efficiency.
• Order Intake and Backlog Growth — Order intake rose by EUR 110 million to EUR 192 million, while the backlog increased by 14% to EUR 1.4 billion. CFO Tim Hameister mentioned that the order intake was achieved through small and medium-sized projects, indi...
• Challenges from Weather Conditions — Management acknowledged that severe weather in January and February hindered project execution, particularly in northern Germany. Despite this, the company managed to offset some downtime with strong performance in March...

Read the full Friedrich Vorwerk Group SE transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Friedrich Vorwerk Group SE earnings call transcripts on record, spanning March 26, 2024 to August 13, 2026. Based on this history, Friedrich Vorwerk Group SE reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VH2

Exchange

XTRA

Country

DE

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

11

First call

March 26, 2024

Most recent

August 13, 2026

Reporting cadence

quarterly