Frequentis AG
XETRA:FQT
Frequentis AG
Frequentis AG engages in developing, marketing and supplying of communication and information systems for control centers with safety-critical tasks. The company is headquartered in Wien, Wien and currently employs 2,157 full-time employees. The company went IPO on 2019-05-14. The firm provides Air traffic management solutions across the world. The firm has diversified activities into two business areas: ATM (Air Traffic Management), ATM Civil, including the business areas of information management and defense, and PST (Public Safety & Transport), PST (Public Safety & Transport), Public Safety, Public Transport and Maritime. The firm have seven wholly-owned subsidiaries in the area of Sales & Operations, four wholly-owned subsidiaries and a majority subsidiary as well as a subsidiary, APUS Software GmbH, in the software area, and two wholly-owned subsidiaries, a majority stake, a minority stake and a Subsidiary, 3T Communications AG, in the services area. The firm's subsidiaries are located in the United States, United Kingdom, Canada, Australia, Germany, Singapore, the Slovak Republic, Romania and the Czech Republic.
Frequentis AG engages in developing, marketing and supplying of communication and information systems for control centers with safety-critical tasks. The company is headquartered in Wien, Wien and currently employs 2,157 full-time employees. The company went IPO on 2019-05-14. The firm provides Air traffic management solutions across the world. The firm has diversified activities into two business areas: ATM (Air Traffic Management), ATM Civil, including the business areas of information management and defense, and PST (Public Safety & Transport), PST (Public Safety & Transport), Public Safety, Public Transport and Maritime. The firm have seven wholly-owned subsidiaries in the area of Sales & Operations, four wholly-owned subsidiaries and a majority subsidiary as well as a subsidiary, APUS Software GmbH, in the software area, and two wholly-owned subsidiaries, a majority stake, a minority stake and a Subsidiary, 3T Communications AG, in the services area. The firm's subsidiaries are located in the United States, United Kingdom, Canada, Australia, Germany, Singapore, the Slovak Republic, Romania and the Czech Republic.
Order Intake: Frequentis reported a record order intake of EUR 505 million for 2023, up 25% year-on-year.
Revenue Growth: Revenues grew 11% to EUR 427.5 million in 2023, marking the third consecutive year of double-digit growth.
Profitability: EBIT increased by 6.6% to EUR 26.6 million, though the EBIT margin dipped slightly to 6.2% due to inflation and start-up costs.
Guidance: Management expects further revenue and order intake growth in 2024, with consensus revenue around EUR 445 million and an EBIT margin of about 6%.
Dividend Increase: Proposed dividend rises by 9% to EUR 0.24 per share.
R&D Investment: R&D expenses are set to rise in 2024, with a focus on transitioning to more software-centric solutions.
M&A Activity: M&A remains a strategic focus, with recent acquisitions aimed at technology and product portfolio expansion.
Margin Outlook: Inflation, wage increases, and investment in new projects will continue to impact margins in the near term.
