Friedrich Vorwerk Group (FDVWF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

regarding the Q1 figures of 2026. The company's CEO, Torben Kleinfeld, and CFO, Tim Harmeister, will guide you through the figures in a moment, followed by a Q&A session via audio line and chat. And with that, I hand over to you, Torben. Thank you very much for the introduction and also a very warm welcome from my side. Welcome to the Q1 Earnings Call 2026 for the Group SE. As always, I would like to start up with a short summary of what is happening within our Companies Group and also with a short market update. Then I would hand over to Tim for the financial figures and would then give you at the end an overview of running projects which we are executing at the moment. So first of all, Friedrich Vorwerk is active since 60 years in the business of energy infrastructure. Our main market, focused here on the top right of this slide, is natural gas market, electricity market, clean hydrogen market, and adjacent opportunities, whereas the adjacent opportunities is mainly our activities in heating, district heating grids and stations, but also biomethane treatment and CO2 separation and transportation. Today, I would still like to show you this slide, although probably most of you know it or have seen it for a couple of times, but there is some change in the composition of our 15 locations. As you have heard, we have sold our property in Luig-Verdanenberg, where the activities have mostly been taken over from our headquarters in Sosteet, and we have opened up a new facility in the Netherlands called Houten, which is the main office for 5CTech, our company for our welding technologies, and from Houghton we will guide our international activities in terms of delivering welding services to our customers. Besides that, still most of our customers are from the TSOs and DSOs, ...