Strong figures published that significantly exceed the forecast

Hugo · 2026-01-27T13:58:42.351162Z

$VH2 Sales 2025704 million (previous year: € 498 million), forecast (€ 650-680 million) exceeded. EBITDA 2025: € 163 million (previous year: € 81 million), margin 23.2% (forecast 20-22%). Q4 2025: Sales € 199 million (+25% YoY), EBITDA € 58 million (margin 28.9%). Order backlog: € 1.0 bn, net liquidity € 262 m (+70% YoY), employees +15%. Classification: Figures confirm growth in the energy infrastructure sector (gas, electricity, hydrogen), with strong Q4 due to weather, projects and capacity expansion. High expectations are priced in, but net liquidity and orders provide buffer for 2026 (guidance until March 31). The movement is fundamentally driven, no speculation without basis.

$VH2 (+0,93 %)
Sales 2025704 million (previous year: € 498 million), forecast (€ 650-680 million) exceeded.
EBITDA 2025: € 163 million (previous year: € 81 million), margin 23.2% (forecast 20-22%).
Q4 2025: Sales € 199 million (+25% YoY), EBITDA € 58 million (margin 28.9%).
Order backlog: € 1.0 bn, net liquidity € 262 m (+70% YoY), employees +15%.

Classification:

Figures confirm growth in the energy infrastructure sector (gas, electricity, hydrogen), with strong Q4 due to weather, projects and capacity expansion.
High expectations are priced in, but net liquidity and orders provide buffer for 2026 (guidance until March 31).
The movement is fundamentally driven, no speculation without basis.