Friedrich Vorwerk (VH2.F), a provider of energy infrastructure solutions, Tuesday reported it raises its fiscal year 2025 outlook for revenue and EBITDA.
On Frankfurt, the shares are trading 17.13 percent higher at 98.90 euros.
The company's revenue grew by 39 percent in third quarter to 202 million euros with an EBITDA margin of 25.4 percent.
The business growth was mainly driven 13 percent increase in recruiting during the first nine months from 14 percent of previous year.
For the three-month period, EBITDA doubled to 51.3 million euros from 25.3 million euros in the earlier year.
The EBITDA margin increased by 8 percentage points to 25.4 percent for the third quarter.
For the nine-month period, EBITDA accounted to an increase of 113 percent to 105.8 million euros compared to the previous year. Revenue grew by 49 percent to 505 million euros resulting in an EBITDA margin of 20.9 percent higher than 14.7 last year. Looking ahead, the company raises its annual guidance of revenue to 650-680 million euros from previous outlook of 610-650 million euros with an EBITDA margin of 20-22 percent compared to previous forecast of 17.5-18.5 percent.
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