Wolf­tank Group publis­hes half year figures

Signi­fi­cant reco­very of tur­no­ver (+58%) with pro­mi­sing pro­spects in the hydro­gen market, result still delayed due to ongoing pan­de­mic effects.

Wolf­tank-Adisa Holding AG, head­quar­te­red in Inns­bruck, today announ­ced the group’s half-year figures. Com­pa­red to the same period of last year, sales incre­a­sed by +58% from EUR 12.8 million to EUR 20.3 million. This is well in line with the reco­very of the busi­ness towards pre-pan­de­mic levels, despite the almost com­ple­te absence of the very high-margin tur­no­ver in China, which had decli­ned by 98% at the first lock-down in 2020. Com­pa­red to 2019, related to the strict travel restric­tions still in place, reve­nues of around EUR 16m could not be com­pen­sa­ted on an annual basis (“force majeur”). The company assumes that these travel restric­tions to China will pro­bab­ly con­ti­nue until Q2/2022. The still exis­ting covid-related restric­tions and ter­mi­na­ti­on bans in the Italian market are bur­de­ning the ope­ra­ting busi­ness and a still slug­gish gran­ting of buil­ding permits is causing delays in the pro­ces­sing of the well-filled order books. In addi­ti­on, there is cur­r­ent­ly a nega­ti­ve margin effect from price incre­a­ses within the supply chain. In summary, this led to a slight­ly nega­ti­ve EBITDA of EUR ‑0.2 million in the first half of 2021 and cor­re­spon­din­gly to a nega­ti­ve EBIT of EUR ‑1.6 million.

Com­pa­red to the pre­vious year, the ope­ra­tio­nal picture is extre­me­ly posi­ti­ve. The han­do­ver of a hydro­gen fuel­ling station in inno­va­ti­ve design to the Bolzano trans­port aut­ho­ri­ty repres­ents a high­light and a signi­fi­cant mile­stone for Wolf­tank Hydro­gen Ltd.: The fully red­un­dant hydro­gen refu­el­ling station with a down­ti­me of less than 1 day per year was built in only 9 weeks. This rein­for­ces the company’s stra­te­gy to exploit the hydro­gen refu­el­ling station market with fle­xi­ble modules in con­tai­ner design (“proof-of-concept”). The high infra­st­ruc­tu­re requi­re­ments of the EU in con­nec­tion with the Euro­pean Green Deal are sup­por­ting this growth sce­n­a­rio by means of the reco­very funds set up for this purpose. The con­struc­tion of more than 5,000 new hydro­gen filling sta­ti­ons is the­re­fo­re expec­ted in the next few years. A signi­fi­cant number of these are already in the orde­ring phase, espe­cial­ly in the muni­ci­pal trans­port sector. Wolf­tank Group’s initial goal is to achieve an annual pro­duc­tion output of 22 refu­el­ling stations.

To ensure pro­duc­tion capa­ci­ty and know-how in the requi­red high-secu­ri­ty control soft­ware and dis­pen­ser tech­no­lo­gy, the company has acqui­red a stake in its pre­vious sup­plier, the Aus­tri­an EDC-Anla­gen­tech­nik GmbH. Wolf­tank-Adisa is thus at the cutting edge of tech­no­lo­gy and able to deliver strai­ght away.

The situa­ti­on is similar for the LNG infra­st­ruc­tu­re for heavy trans­port: for the large number of LNG trucks (>20,000) already tra­vel­ling on Europe’s long-distance routes, a good 2,000 LNG refu­el­ling faci­li­ties are needed. Of these, only around 400 have been built so far. Here, too, Wolf­tank-Adisa will offer an excel­lent product with a modular system to the market. 9 LNG refu­el­ling faci­li­ties are under con­struc­tion or already com­ple­ted in 2021. The target here is 16 tank faci­li­ties per year.

From today’s per­spec­ti­ve, the company is the­re­fo­re very con­fi­dent of achie­ving busi­ness figures at pre-pan­de­mic level in 2021.

 

About Wolf­tank-Adisa Holding AG:

Wolf­tank-Adisa Holding AG is the parent company of an inter­na­tio­nal group of com­pa­nies focu­sing on envi­ron­men­tal pro­tec­tion ser­vices for pol­lu­t­ed soil, faci­li­ties and water, reme­dia­ti­on and moni­to­ring of (large) tank faci­li­ties, as well as full-service engi­nee­ring ser­vices for (Hydrogen/LNG) tank faci­li­ties. The company is active world­wi­de and has various paten­ted app­li­ca­ti­on tech­no­lo­gies at its dis­po­sal with the aid of high-tech epoxy resins deve­lo­ped in-house.

The share of Wolf­tank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus segment of Vienna Stock Exchan­ge and traded (open market) on Xetra, Quotrix, the Frank­furt, Munich and Düs­sel­dorf stock exchanges.

Here you can find the cor­po­ra­te news as 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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