Vorwerk reports €565.6 million in nine-month revenue and reiterates 2026 outlook
Key Facts
Friedrich Vorwerk Group said in its quarterly report released on November 12 that revenue for the first nine months of 2026 rose 12.0% year over year to €565.6 million, while earnings before interest, taxes, depreciation and amortization increased about 64.0% to €173.4 million. The report covers the period ended September 30, alongside the financial outlook the company had already raised on October 21. The new report therefore does not announce a fresh increase to guidance, but reiterates the targets following third-quarter results. Earnings growth outpaced revenue growth during the period, with operating earnings rising much faster than sales. The company also included an expectation for significantly higher operating cash flow for the full year.
Third-quarter revenue alone came to €228.325 million, compared with €201.974 million in the same period a year earlier. Earnings before interest, taxes, depreciation and amortization rose to €80.854 million from €51.303 million. This follows the nine-month growth reported by the company, with the third quarter providing a more recent view of business trends during the period. The report did not provide market estimates against which the results could be compared among the figures available here.
Vorwerk attributed the improvement in profitability to a higher share of results from joint ventures and a significant decline in the material cost ratio. The explanation points to two operating factors behind earnings accelerating faster than revenue growth, as stated in the company's October 21 announcement. Over the same period, the value of new orders for the first nine months rose to €451.4 million from €419.0 million a year earlier. But the order backlog stood at €907.2 million on September 30, down from €1,101.5 million on the same date in 2025. New order inflows thus increased while the outstanding order book was below its year-earlier level.
On liquidity, the company said its net cash position was €262.7 million on September 30, 2026, compared with €111.4 million on September 30, 2025. It said net cash increased by €151.3 million year over year. It also reported strongly positive operating cash flow in the first nine months. The group expects operating cash flow for the full year to be significantly higher. These cash metrics add to the picture of the period's financial report alongside earnings and orders growth.
Vorwerk raised its 2026 earnings before interest, taxes, depreciation and amortization outlook on July 22 to a range of €180–200 million from €160–180 million, while leaving its revenue outlook unchanged. It then announced a second increase to its 2026 outlook on October 21, before the November 12 report was released. The quarterly report reiterates the positive full-year outlook, but does not attribute the October decision to November results that had not yet been released. These dates set out the sequence of the company's updates during the year, from the July adjustment to the subsequent October revision and then the third-quarter report. The company's financial calendar had set November 12 as the date for its third-quarter announcement and earnings call at 17:00.