Wolf­tank-Adisa Holding AG publis­hes preli­mi­na­ry con­so­li­da­ted figures for 2019 with extra­or­di­na­ry effect

Sales above target, extra­or­di­na­ry influ­ence affects earnings

Inns­bruck, April 23, 2020:
Wolf­tank-Adisa Holding AG (Vienna, Frank­furt, m:access, Xetra, ISIN:AT0000A25NJ6) is today pre­sen­ting its preli­mi­na­ry con­so­li­da­ted results for the 2019 finan­cial year as part of its annual finan­cial statements.

In the 2019 finan­cial year, the Wolf­tank-Adisa Group, inclu­ding all group com­pa­nies, was able to incre­a­se its reve­nues by appro­xi­mate­ly 17% to EUR 52 million (pre­vious year EUR 44.55 million). The Group EBITDA of EUR 3.0 million is appro­xi­mate­ly at the pre­vious year’s level (EUR 3.2 million), while the EBIT of EUR 1.2 million is slight­ly below the pre­vious year’s level of EUR 1.7 million. The revenue fore­cast of EUR 50 million for 2019 was thus slight­ly excee­ded, while the planned EBITDA was missed by EUR 1.7 million.

The reduced pro­fi­ta­bi­li­ty is due to an extra­or­di­na­ry and one-time special influ­ence: the company suc­cee­ded in ending the hither­to exclu­si­ve rela­ti­ons­hip with the his­to­ri­cal sup­plier of raw epoxy resin pro­ducts, thus paving the way for a multi-sup­plier stra­te­gy. This signi­fi­cant­ly reduces the risk of global depen­den­cy, espe­cial­ly in times of dif­fi­cult logistics, and thus secures the supply chain in the long term. As a result of a one-off special payment, gross profit was reduced by around EUR 1.47 million in the 2019 finan­cial year. This will already have a posi­ti­ve effect on the EBIT margin in the current finan­cial year, but espe­cial­ly in the coming finan­cial years due to impro­ved purcha­se prices.

The Manage­ment Board con­ti­nues to expect a posi­ti­ve busi­ness trend in the current year. The eco­no­mic effects of the COVID 19 pan­de­mic are both posi­ti­ve and nega­ti­ve for the busi­ness of Wolf­tank-Adisa Holding AG, and the company is the­re­fo­re cau­tious­ly expec­ting to be able to repeat the busi­ness figures in 2019 for the time being.

About Wolf­tank-Adisa Holding AG:

Wolf­tank-Adisa Holding AG is the parent cor­po­ra­ti­on of an inter­na­tio­nal group of com­pa­nies focu­sing on envi­ron­men­tal pro­tec­tion ser­vices for con­ta­mi­na­ted soils and faci­li­ties, reme­dia­ti­on and moni­to­ring of (large-scale) tank farms, as well as full-service engi­nee­ring ser­vices for LNG- and petrol sta­ti­ons. The company is active world­wi­de and uses various paten­ted app­li­ca­ti­on tech­no­lo­gies with the aid of high-tech epoxy resins deve­lo­ped in-house.

Wolf­tank-Adisa Holding AG (ISIN: AT0000A25NJ6; WKN: A2PBHR) is trading on the Munich Stock Exchan­ge and is also listed on the Vienna Stock Exchange.

Here you find this cor­po­ra­te news as a download:

 

Note: All requi­re­ments of the Aus­tri­an Stock Exchan­ge Act regar­ding the requi­re­ment of a formal admis­si­on of finan­cial instru­ments for trading and issuer obli­ga­ti­ons on a regu­la­ted market for finan­cial instru­ments traded on the Third Market do not apply, but in par­ti­cu­lar the requi­re­ments set out in Art. 17 (Publi­ca­ti­on of Insi­ders, Con­tract par­ti­ci­pa­ti­on “direct market plus” | Decem­ber 2018), Art. 18 (Insider Lists) and Art. 19 (Direc­tors dealing) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the obli­ga­ti­ons laid down in the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act and the pro­hi­bi­ti­ons of Art. 14 (Insider Trading) and Art. 15 (Market Mani­pu­la­ti­on) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act do apply.

About Wolftank Group

Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.

Note: All requirements of the Austrian Stock Exchange Act regarding the requirement of a formal admission of financial instruments for trading and issuer obligations on a regulated market for financial instruments traded on the Third Market do not apply, but in particular the requirements set out in Art. 17 (Publication of Insiders, Contract participation “direct market plus” | December 2018), Art. 18 (Insider Lists) and Art. 19 (Directors dealing) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the obligations laid down in the respective national legal rules pursuant to the Stock Exchange Act and the prohibitions of Art. 14 (Insider Trading) and Art. 15 (Market Manipulation) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the respective national legal rules pursuant to the Stock Exchange Act do apply.

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