Vorwerk Group SE on Monday reported record financial results for the fourth quarter and for the full year, saying its annual performance surpassed the guidance it set for fiscal 2025.
For the full year, Vorwerk recorded revenue of €704 million, a 41% increase compared with the prior year. EBITDA rose to €163 million, more than doubling year-over-year, producing an EBITDA margin of 23.2% - above the companys previously stated guidance range of 20-22%. Vorwerk had earlier issued revenue guidance in the range of €650-680 million.
The company said the exceptional yearly outcome was led by a particularly robust fourth quarter. Management cited favourable weather, completion of projects and solid contributions from joint ventures as drivers of the strong Q4 performance.
In the fourth quarter alone, Vorwerk generated €199.3 million in revenue, up 25% from the same period a year earlier, though down 1% from the prior quarter. Quarterly EBITDA reached €57.5 million, an 87% increase versus the year-ago quarter, with a margin of 28.9% compared to 19.3% in the prior-year quarter.
Despite the record financials, the company reported reductions in its pipeline measures. Order backlog declined to €1,021.4 million from €1,188 million at the end of December 2024, reflecting a 14% decrease. Order intake also fell, slipping to €538 million from €685 million in the comparable prior figure. At the same time, the total project volume acquired during the period increased to €991 million from €777 million.
The year-end results materially strengthened Vorwerks liquidity position. Cash on hand rose to €280 million from €177 million, and net liquidity improved to €262 million from €154 million at December 2024.
Vorwerk added staff over the period, lifting headcount by 15% year-over-year to 2,243 employees from 1,948. The company noted that last years growth coincided with a capacity utilisation level of roughly 120-130%.
Contextual note - The company highlighted operational and joint venture factors as contributors to the quarters outperformance. The reported declines in order intake and backlog were disclosed alongside rising project volume, cash and staffing levels.