Wolf­tank Group: Signi­fi­cant sales growth in the first half of 2022

All key figures impro­ved: sales incre­a­se of 43 %, ope­ra­ting per­for­mance rises by 44 %.

Con­sis­tent stan­dar­di­z­a­ti­on of mobile hydro­gen refu­el­ling systems is accom­pa­nied by growing order intake.

Wolf­tank Group (Wolf­tank-Adisa Holding AG, ISIN: AT0000A25NJ6), spe­cia­li­zed in tech­no­lo­gies for energy and envi­ron­men­tal solu­ti­ons, reports a suc­cess­ful first half of 2022. After the corona-related market slumps of the past two years, the group’s con­so­li­da­ted sales incre­a­sed by 43% to EUR 29.0 million in the first half of 2022 (1–6/2021: EUR 20.3 million). Key ope­ra­ting figures also show a clear posi­ti­ve deve­lo­p­ment after the pan­de­mic-related dip: ope­ra­ting revenue incre­a­sed by EUR 9.2 million to EUR 30.3 million, up 44% (1–6/2021: EUR 21.1 million). EBITDA has turned posi­ti­ve and amounts to EUR 1.4 million, com­pa­red to EUR ‑0.2 million in the same period of the pre­vious year. The ope­ra­ting result (EBIT) impro­ves by 83% com­pa­red to the same period of the pre­vious year and remains only mar­gi­nal­ly nega­ti­ve at EUR ‑0.3 million (1–6/2021: EUR ‑1.6 million). Profit before tax con­ti­nues the reco­very and now amounts to EUR ‑0.6 million after EUR ‑2.0 million in the first half of 2021.

“After the tur­bu­len­ces of the last two years, we have a good first half-year behind us. The energy markets were stron­gly in motion, but we were able to con­ti­nue our reco­very course. We did not reduce expert staff during the pan­de­mic in order to retain our highly qua­li­fied spe­cia­lists. Alt­hough this is still reflec­ted in our pro­fi­ta­bi­li­ty, it was the right decisi­on. It is the only way we can now draw on our full poten­ti­al in an impro­ving market envi­ron­ment. And the trend is clearly poin­ting upwards,” says Peter Werth, CEO of the Wolf­tank Group. The Group employs around 280 people (31.12.2021: 267) in 7 countries.

 

Seg­ments

The Wolf­tank Group’s busi­ness is divided into four ope­ra­ting seg­ments, whose sales are publis­hed for the first time as of the half-year. The Envi­ron­men­tal Ser­vices segment, a tra­di­tio­nal busi­ness segment of the Group for the reme­dia­ti­on of soil con­ta­mi­na­ti­on and the dis­mant­ling of petro­che­mi­cal plants, achie­ved reve­nues of EUR 17 million from January to June 2022, excee­ding expec­ta­ti­ons. The Indus­tri­al Coa­tings busi­ness, with its highly deman­ded solu­ti­ons for exten­ding the ope­ra­ting life of exis­ting tanks and plants in the tra­di­tio­nal liquid fuels sector, also per­for­med well, record­ing sales of EUR 5 million. Both busi­ness areas are bene­fi­t­ing from the catch-up demand caused by the repeated pan­de­mic-related lock­downs and thus signi­fi­cant­ly reduced invest­ments in main­ten­an­ce mea­su­res at the time. “In our tra­di­tio­nal busi­ness, we use life-exten­ding mea­su­res to extend the useful life of exis­ting tank farms and refu­el­ling sta­ti­ons. Due to an invest­ment backlog, a catch-up effect has set in here. This trend will con­ti­nue to inten­si­fy, as will the trend toward dis­mant­ling service sta­ti­ons and tank farms. This is where we come in with our refur­bish­ment mea­su­res. Both trends are already reflec­ted in our sales,” says Peter Werth.

The deve­lo­p­ment in the LNG busi­ness area is some­what restrai­ned by the high gas prices; here, sales in the first half of 2022 amount to EUR 5 million. In the Hydro­gen busi­ness area, enor­mous demand is evident, which, however, is only gra­du­al­ly mate­ria­li­zing in inco­m­ing orders due to the long times­ca­les for appro­vals and finan­cing. Sales here were EUR 2 million. Peter Werth: “Alt­hough the high gas price has slowed down the con­struc­tion of LNG filling sta­ti­ons, demand for our LNG gas supply backup systems has soared in the current envi­ron­ment. The last few months have also clearly shown that the time for rene­wa­ble ener­gies is now really dawning. In the hydro­gen sector, our inquiry pipe­line is fuller than ever. As appro­val pro­ce­du­res take a long time in this area, the effect in sales will be delayed — but it is coming, as our latest order intake already shows.”

Market demand and hydro­gen on the rise sub­stan­tia­te busi­ness model 

The group’s latest order also comes from the hydro­gen sector: Wolf­tank Group has just con­clu­ded an agree­ment for the con­struc­tion of a hydro­gen filling station in Sar­di­nia with an order value of around EUR 1.9 million. In mid-Sep­tem­ber, the Group had com­mu­ni­ca­ted that it had been able to book orders tota­ling around EUR 3.7 million in the hydro­gen and LNG sectors in the weeks before.

As a result of the “Euro­pean Green Deal,” Europe’s refu­e­ling station infra­st­ruc­tu­re will have to be rethought and, to a large extent, rebuilt. The deco­m­mis­sio­ning or rebuil­ding of old service sta­ti­ons requi­res the reme­dia­ti­on of con­ta­mi­na­ted soils and the main­ten­an­ce of the exis­ting, in part obso­le­te infra­st­ruc­tu­re, inclu­ding pipe­lines and tanks. In turn, zero-emis­si­on mobi­li­ty will require the deve­lo­p­ment of a hydro­gen infra­st­ruc­tu­re. The EU’s recent­ly announ­ced three-billion-euro funding bank will acce­le­ra­te the expan­si­on. “We are in exactly the right posi­ti­on to meet these chal­len­ges of the future. In all the areas men­tio­ned, we have decades of exper­ti­se that is now bene­fi­t­ing us. We the­re­fo­re expect con­ti­nued long-term growth for our Group,” con­clu­des CEO Werth.

 

About Wolf­tank Group

Wolf­tank Group is a leading tech­no­lo­gy partner for energy and envi­ron­men­tal solu­ti­ons ope­ra­ting world­wi­de. In the field of energy mobi­li­ty and logistics, the Group sup­ports cus­to­mers in more than 20 coun­tries to imple­ment pro­jects in an effi­ci­ent and envi­ron­ment­al­ly friend­ly way. For this, it deve­lo­ps and imple­ments tomorrow’s tech­no­lo­gies to decar­bo­ni­ze trans­port and build the infra­st­ruc­tu­re for zero-emis­si­on mobi­li­ty — such as turnkey deli­very of modular hydro­gen and LNG refu­e­ling faci­li­ties. In the area of envi­ron­men­tal solu­ti­ons, the offe­ring inclu­des due dili­gen­ces for envi­ron­men­tal risks, cus­to­mi­zed ser­vices for soil and ground­wa­ter reme­dia­ti­on, as well as recy­cling. The group’s sub­si­dia­ries in eight coun­tries on three con­ti­nents are managed by Wolf­tank-Adisa Holding AG, based in Inns­bruck, Austria. The share of Wolf­tank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus segment of the Vienna Stock Exchan­ge AG and in the m:access of the Munich Stock Exchan­ge and is traded on Xetra, the Frank­furt and Berlin Stock Exch­an­ges. Further infor­ma­ti­on: www.wolftankgroup.com

Here you can find the cor­po­ra­te news as download:

Here you can find the half year report as down­load in German language:

 

Dis­c­lai­mer:

This com­mu­ni­ca­ti­on con­tains forward-looking state­ments based on current know­ledge, expec­ta­ti­ons, and pro­jec­tions of Wolf­tank-Adisa Holding AG’s manage­ment about the future. All state­ments are subject to poten­ti­al­ly uncer­tain assump­ti­ons and risks that could cause actual results to differ mate­ri­al­ly from those expres­sed or implied by such state­ments. Such state­ments can be iden­ti­fied using words such as “expect”, “plan”, “anti­ci­pa­te”, “target”, “esti­ma­te”, “assume” or similar. Con­se­quent­ly, state­ments rela­ting to the future are only valid at the time they are made. The Company does not assume any obli­ga­ti­on to adjust, correct or monitor state­ments made in this com­mu­ni­ca­ti­on in the future.

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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