VST Building Technologies increases sales from EUR 12.1 million to EUR 41.9 million in 2019. This significant plus was expected. The takeover of Premiumverbund is one reason for the increase in sales. Therefore, the numbers are not really comparable.
The EBIT drops from EUR 0.6 million to EUR -4.6 million. After taxes, the Austrians make a loss of 5.0 million euros; in the previous year there was a profit of 1.2 million euros.
The project pipeline is being expanded significantly. The volume of the contractually agreed projects increases tenfold to more than 200 million euros. The takeover of Premiumverbund opens up new markets, including in Denmark.
The pandemic is also noticeable on the VST listed in the Vienna direct market plus, the visibility is limited. Therefore, there is no concrete forecast for 2020. But you see yourself as stable. A further positive trend in production volume is expected.
Management Board member Kamil Kowalewski: “We significantly strengthened our market position in 2019 and see ourselves as being promisingly positioned for the future with our well-filled pipeline and our innovative technology. The fact that we are seeing increasing demand for our VST construction system is also underpinned by the higher production volumes that we achieved in the first months of 2020 compared to the same period in the previous year. ”