Investor va-Q-tec is still on a successful course after its IPO in 2016
1 May, 2017. 0 Comments. Press. Posted By: admin

Investor va-Q-tec is still on a successful course after its IPO in 2016. The very good business development 2016  results in positive financial performance, further strong revenue and profit growth expected for 2017.

va-Q-tec confirms positive financial results for 2016: FY 2016 revenue up 58% to EUR 35.5 million, adjusted EBITDA reports faster growth rate of 90% to EUR7.0 million

  •     2016 revenue at EUR35.5 million compared with EUR 22.5 million in 2015 (+58%)
  •     Adjusted EBITDA 2016: EUR 7.0 million compared with EUR 3.7 million in 2015 (+90%); adjusted EBITDA margin improves from 12% to 16% in 2016
  •     IPO in September 2016 lays foundation for further growth
  •     Original expectations for revenue and adjusted EBITDA significantly exceeded
  •     Strong Products, Systems and Services businesses all contribute to growth
  •     For 2017 strong sales revenue growth in the 30-40% range expected

For more detailed information read the whole article here: http://www.va-q-tec.com/en/news/955-va-q-tec-confirms-preliminary-financial-results.html

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