Friedrich Vorwerk Group Se · XETR:VH2
Friedrich Vorwerk — Q1 2026 Earnings Presentation
20 slides from Friedrich Vorwerk's earnings presentation, May 12, 2026
Slide 1: Q1 Earnings Call
H Q1 Earnings Call 12 May 2026 Driving the clean energy transition.
Slide 2: With 60 years of experience, VORWERK is realizing the energy infrastructure of the future
With 60 years of experience, VORWERK is realizing the energy infrastructure of the future A strong group of companies … … in highly attractive markets … Husum Natural Electricity Clean Adjacent Marne Gas Hydrogen Opportunities Brunn Hamburg Wiesmoor Stade Skwierzyna (PL) … with decade-long customer
Slide 3: VORWERK is critical in transforming and delivering energy from producers to consumers
VORWERK is critical in transforming and delivering energy from producers to consumers Production/ import Transformation/ transportation Consumer LNG Terminals Storage & Compressor Gas pressure Pipelines measurement stations regulating & International metering stations pipelines Landfall Power-to-Hea
Slide 4: Market update
H Market update 3
Slide 5: EU is paving the way for a further 235 energy infrastructure projects
With the publication in early April, the EU is paving the way for a further 235 energy infrastructure projects European Union | APPROVAL OF INFRASTRUCTURE PROJECTS 09.04.2026 The EU has added 235 cross-border energy infrastructure projects to the new PCI/PMI list Second list of Projects of Common In
Slide 6: Significant increase in investment in electricity distribution grids across Europe
The report by the Agency for the Cooperation of Energy Regulators shows a significant increase in investment in electricity distribution grids across Europe Agency for the Cooperation of Energy Regulators | ELECTRICITY DISTRIBUTION GRIDS 14.04.2026 Visible rise in electricity distribution grid inves
Slide 7: Additional costs of underground cables tend to be overestimated
The additional costs of underground cables tend to be overestimated – a shift in legislation towards overhead lines has a negative impact Federal Cabinet Approves Draft Bill | POTENTIAL SWITCH TO OVERHEAD POWERLINES 30.04.2026 04.05.2026 Overhead instead of underground: Power lines to be above-groun
Slide 8: Financial performance Q1 2026
H Financial performance Q1 2026 8
Slide 9: Revenue growth of 5% despite very poor weather conditions
Despite the very poor weather conditions at the start of the year, revenue growth was achieved by 5% Revenue in €m 202 199 +5% 170 139 133 + 5 % revenue increase y-o-y in Q1 2026 Q1 Q2 Q3 Q4 2025 2026 9
Slide 10: EBITDA and EBIT increased significantly y-o-y for Q1
Whilst revenue rose slightly, EBITDA and EBIT increased significantly y-o-y for Q1 EBITDA EBIT (adj.) in €m, blue bubbles show EBITDA margin in €m, blue bubbles show EBIT margin 13.7% 22.8% 9.6% 17.3% +75% 31.8 +89 % 22.8 % 24.1 EBITDA margin in Q1 2026 18.2 12.8 Q1 2025 Q1 2026 Q1 2025 Q1 2026 17.3
Slide 11: Order intake and backlog provide a strong foundation for further growth
Driven by strong market demand, order intake and backlog provide a strong foundation for further growth Order intake Order backlog VOR contribution in €m in €m +135 % -5 % 1.136 +51 192 1.074 % 82 Total project volume acquired Q1 2025 Q1 2026 Q1 2025 Q1 2026 year-on-year Total project volume acquire
Slide 12: For 2026, we continue to expect sustained growth in revenue and EBITDA
For 2026, we continue to expect sustained growth in revenue and EBITDA Revenue EBITDA margin in €m in €m / in % 20.5- 730-780 16.2% 23.2% 24.5% 704 730-780 160-180 163 498 € million revenue guidance FY 2026 81 Q1 160-180 FY 2024 FY 2025 FY 2026 FY 2024 FY 2025 FY 2026 € million EBITDA Guidance Guida
Slide 13: Business update
H Business update 13
Slide 14: The A-Nord project is in full swing and BoDo is making good progress
ELECTRICITY The A-Nord project is in full swing and BoDo is making good progress Amprion | IPA A-NORD Project details Open trench Civil Laying of the underground cable route in two works trenches over a distance of approximately 300 km from Emden to Osterath Total volume in the high three-digit mill
Slide 15: Work on the civil engineering aspects of the ETL projects has been started
NATURAL GAS Work on the civil engineering aspects of the ETL projects has been started Gasunie | Energy Transmission Line (ETL) 179.200 and 182 Project details ETL 179.200 Total length of 18 km (DN 900) / 86 km (DN 1,400) ETL 179.200: from Bützfleth to Deinste, around Stade JV ETL 182: Elbe South su
Slide 16: H2 GDRMA project shows strong hydrogen market potential for VORWERK
HYDROGEN With the “H2 Gas Pressure Regulation and Measurement System (GDRMA)” project, the hydrogen market also continues to show strong potential for VORWERK ONTRAS | H2 GDRMA at Bobbau Project details Total order volume (planning and implementation phase) in the mid-two-digit € million range Plann
Slide 17: Trusted partner for numerous district heating projects in major cities
ADJACENT OPPORTUNITIES We are a trusted partner for numerous district heating projects in the major cities near our sites Selection of DISTRICT HEATING PROJECTS in major cities Connection to the waste-to-energy plant Lot 1 of the connection to the Rugenberger Damm waste-to-energy plant District heat
Slide 18: Questions & Answers
Questions & Answers Torben Kleinfeldt CEO Tim Hameister CFO 18
Slide 19: Driving the Clean Energy Transition.
H Driving the Clean Energy Transition.
Slide 20: Disclaimer
Disclaimer By accessing this document, you agree to abide by the limitations set out hereafter. The information contained in this document relating to Friedrich Vorwerk Group SE (“Friedrich Vorwerk" or the "Company") may not be redistributed, reproduced, published, or passed on to any other person a
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