Wolftank Group (WAH) Q1-Q3 2024 TU earnings summary

Executive summary

• Achieved strong sales growth and significantly improved operating results in the first nine months of 2024.

• Sales reached EUR 89.8m, up from EUR 57.0m in the same period last year.

• EBITDA more than doubled to EUR 7.0m, with margin rising to 7.8%.

• EBIT turned positive at EUR 2.3m, compared to EUR -0.2m in the prior year period.

• Order backlog exceeded EUR 110m as of 30 September 2024, up 150% year-over-year.

Financial highlights

• Free cash flow stood at EUR 3.7m as of 30 September 2024.

• EBITDA margin improved to 7.8% from 5.6% year-over-year.

• Sales expected to surpass EUR 100m for the first time in company history.

Outlook and guidance

• Expects to meet capital market expectations and deliver on previously provided guidance.

• Positive outlook for continued growth, leveraging industry expertise and sector strengths.

• Leadership transition announced, with new CEO effective 1 January 2025.