on Cardea Holding GmbH (ETR:CEA)
FRIWO Experiences Remarkable Order Intake Growth in Q1 2025
FRIWO AG has reported a significant increase in order intake for the first quarter of 2025, rising over 60% to 26.3 million euros. Despite a drop in revenue to 19.3 million euros, the company improved its EBIT to -0.7 million euros, up from -1.8 million euros the previous year. This improvement comes despite negative one-off effects from supplier issues and portfolio transactions.
The company remains on track to reach its 2025 goals, targeting consolidated revenue between 75 and 90 million euros and a balanced operating result, bolstered by expected gains from divestments. The implementation of a new growth strategy, focusing on cost efficiency and innovative solutions, continues as planned.
FRIWO's order backlog reached 46.0 million euros, up from 42.5 million euros year-on-year. The company expects substantial cash inflows from ongoing transactions, aimed at financial consolidation and expanding its international footprint, particularly in North America and Asia by 2029.
R. P.
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