FREQUENTIS AG Ad-Hoc from February 03, 2022
Announcement preliminary, unaudited figures for the 2021 financial year: EBIT significantly above analysts’ expectations (Consensus) despite COVID-19
Vienna, 03.02.2022 – The good business development of the companies acquired from L3Harris Technologies in 2021 and the profitable project executions despite the continued travel restrictions enabled the turnover to rise to more than EUR 330 million (2020: EUR 299.4 million) according to the preliminary figures.
EBIT is expected to increase to around EUR 28 million according to the preliminary figures (2020: EUR 26.8 million).
Despite pandemic-related delays in the award process, order intake increased to more than EUR 330 million (2020: EUR 314.6 million).
The figures quoted are subject to the result of the audit of the consolidated financial statements. The final annual result for the full year 2021 will be published as planned on 5 April 2022.
About the company
The Austrian company Frequentis headquartered in Vienna is an international supplier of communication and information systems for control centres with safety-critical tasks. Such ‘control centre solutions’ are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (the police, fire brigade, ambulance services, shipping, railways). Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries. Products and solutions from Frequentis can be found in over 30,000 operator working positions and in about 140 countries. Founded in 1947, Frequentis is, by its own estimation, the global market leader in voice communication systems for air traffic control with a market share of around 30%. Moreover, the Frequentis Group’s systems are globally leading in AIM (aeronautical information management) and aeronautical message handling systems, as well as in GSM-R systems in the field of Public Transport.
The shares of Frequentis AG are traded on the prime market on the Vienna Stock Exchange and in the general standard on the Frankfurt Stock Exchange under the ticker symbol FQT (ISIN: ATFREQUENT09).
For more information, please visit www.frequentis.com
Contact person: Stefan Marin
Tel.: +431811501074
E-Mail: stefan.marin@frequentis.com
Disclaimer concerning prognoses
Company
FREQUENTIS AG
Innovationsstraße 1
1100 Wien
Österreich
Tel. +43-1-811 50 – 1427
Fax +43-1-811 50 – 77 1427
Web www.frequentis.com
ISIN: ATFREQUENT09
WKN: A2PHG5
Indices: ATX Prime
Börsen: Frankfurter Wertpapierbörse (General Standard), Wiener Börse (prime market)
Source: FREQUENTIS AG
