DGAP-News

va-Q-tec continues on growth track in Q1 2017 - Seite 2

Christopher Hoffmann, CFO of va-Q-tec AG, comments on the growth momentum in Q1 2017: "The accelerated growth in our Products business - the industrial basis of va-Q-tec - enables us to achieve economies of scale in purchasing and production. It underscores the high quality of our products and our reliability in supplying large industrial customers. We also further expanded our attractive Services business with existing and new customers. We are now on track to achieving our targets for the full 2017 year - 35-40% revenue growth and an improvement in the EBITDA margin."


A start was also made in the first quarter with consolidating the five sub-locations in Würzburg into a central technology and logistics headquarters. This step serves to boost operating efficiency, to expand capacities for production and logistics, and to bundle technological competencies. The fleet of rental containers for the global "Serviced Rental" of thermal containers was also expanded further.


Dr. Joachim Kuhn, founder and Management Board Chairman (CEO) of va-Q-tec, adds: "We continued successfully on our growth track in Q1 2017 and realised investments in technology and process efficiency. We have expanded our international presence with the founding of a Swiss subsidiary, to further exploit opportunities in the dynamically growing cold chain logistics business. While we are driving forward on day-to-day execution, we are also not losing sight of the strategic challenges ahead. Our goal remains to revolutionise cold chain logistics with our products and solutions, and boost their thermal energy efficiency."

An update of the financial guidance will prospectively be announced with the publication of the half-year financial report in August 2017. The existing guidance continues to be valid until then.

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IR contact

va-Q-tec AG

Felix Rau

Telephone: [phone] - 2973

Email: [e-mail]

cometis AG

Claudius Krause

Telephone: +49 611 - 20 585 5-28

eMail: [e-mail]

About va-Q-tec

va-Q-tec is a leading supplier of high-performance products and solutions in the area of thermal insulation and cold chain logistics. The company develops, produces and markets innovative, thin vacuum insulation panels (VIPs) as well as phase change materials (PCMs) for the reliable and energy-efficient controlling and insulation of temperature. In addition, va-Q-tec produces passive thermal packaging systems (containers and boxes) through optimally integrating VIPs and PCMs, which can maintain constant temperatures, depending on type, between 24 and more than 200 hours, without external energy input. To implement temperature-sensitive logistics chains, va-Q-tec - within a global partner network - operates a fleet of rental containers and boxes meeting demanding thermal protection standards. Along with healthcare & logistics as the main market, va-Q-tec addresses the following further markets: Appliance & Food, Technics & Industry, Building and Mobility. The high-growth company, which was founded in 2001, is based in Würzburg, Germany. Further information is available at: www.va-q-tec.com