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    VH2   DE000A255F11

FRIEDRICH VORWERK GROUP SE

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Friedrich Vorwerk Wins Contract for the Realization of District Heat Pipeline and Station in Bremen

01/13/2022 | 07:23am EDT

Friedrich Vorwerk Group SE wins the major contract for the realization of the district heat interconnector pipeline and the associated block station in Bremen with an order volume of more than €45 million, thus demonstrating FRIEDRICH VORWERK's excellent technology and implementation competence in the field of district heating. The planned district heat interconnector pipeline forms a key component of the successful heat transition in the city of Bremen by transporting climate-friendly district heat generated in the waste-to-energy plant Bremen to neighboring urban areas. The new interconnector will enable a replacement of coal powered heat currently generated at the Hastedt power plant. The project thereby makes a significant contribution to reducing the carbon footprint of Bremen. In addition to the district heat pipeline, FRIEDRICH VORWERK was also awarded the planning and realization of the block station that will distribute the district heat and ensure the necessary pressure levels within the system. This underlines the company's successful combination of engineering expertise in integrated energy infrastructure systems. Works on the project are scheduled to begin as early as the beginning of 2022.


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Stocks mentioned in the article
ChangeLast1st jan.
FRIEDRICH VORWERK GROUP SE 3.28% 31.5 Delayed Quote.9.22%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
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Financials
Sales 2022 324 M 342 M 342 M
Net income 2022 31,4 M 33,1 M 33,1 M
Net cash 2022 68,9 M 72,7 M 72,7 M
P/E ratio 2022 20,0x
Yield 2022 1,08%
Capitalization 630 M 665 M 665 M
EV / Sales 2022 1,73x
EV / Sales 2023 1,52x
Nbr of Employees 1 618
Free-Float 46,0%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 31,50 €
Average target price 44,13 €
Spread / Average Target 40,1%
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Managers and Directors
Torben Kleinfeldt Chief Executive Officer
Tim Hameister Chief Financial Officer
Christof Nesemeier Chairman-Supervisory Board
Julian Deutz Vice Chairman-Supervisory Board
Helike von der Heyden Member-Supervisory Board