22.08.2021, 1601 Zeichen

Frequentis: As a leading global provider of information and communication solutions for safety-critical applications, Frequentis has demonstrated that its business model remains robust. Revenues increased significantly by 9.4% to Euro 144.6 mn, thanks to successful project acceptances. Project acceptances are generally highest at year-end, but fixed costs are distributed equally over the year, so in the past this has resulted to negative earnings in the first half of the year. Frequentis turned this around for the first time in the first half of 2021. EBITDA more than doubled to Euro 12.4 mn and EBIT rose to Euro 5.4 mn. The profit for the period was Euro 4.1 mn. Orders on hand were Euro 453.0 mn at the end of June 2021, an increase of 5.9% compared with year-end 2020. That is a good basis for revenues in the 2021 financial year and beyond. Order intake in the first six months of 2021 was 8.6% lower than in the very good first half of 2020. “We are particularly proud that we were able to increase revenues by nearly 10% in these challenging times. The restrictions due to the pandemic, especially the travel restrictions, could not hold us back,” says Frequentis’ CEO, Norbert Haslacher. “In addition, we managed to complete the transaction with the US group L3Harris Technologies, the biggest acquisition in our company’s history, in just over five months. Now, the focus is on the stepwise integration of the three companies acquired into the Frequentis Group.”
Frequentis: weekly performance: 1.12%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (17/08/2021)

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