Friedrich Vorwerk Group SE: directors' dealings · Germany · BaFin

About Friedrich Vorwerk Group SE

Friedrich Vorwerk Group SE (ISIN: DE000A255F11, ticker: VH2.DE) is a German energy infrastructure specialist listed on Xetra/Frankfurt (DAX/MDAX/SDAX) in Germany. The group designs, builds and services critical infrastructure for network operators, industry, municipalities and energy utilities. Its market position is closely linked to the European energy transition, with exposure to long-term capex themes in natural gas, power transmission, water/wastewater and, increasingly, hydrogen. ([friedrich-vorwerk-group.de](https://www.friedrich-vorwerk-group.de/en/company/about-us/?utm_source=openai)) The company’s roots date back to 1962, when Friedrich Vorwerk and Wilhelm Kleesch founded a dredging contract business in Tostedt. Over time, the business evolved into a broader pipeline and plant construction platform, adopting the FRIEDRICH VORWERK name in 1972. Today the group combines industrial know-how with a long operating history and a footprint of more than 2,400 qualified employees across 14 main locations in Germany and Northern Europe. Its headquarters are in Tostedt, Lower Saxony, giving it a strong operational base in Germany. ([friedrich-vorwerk-group.de](https://www.friedrich-vorwerk-group.de/en/company/about-us/?utm_source=openai)) Friedrich Vorwerk’s business model is built around integrated engineering, construction and maintenance services for energy networks and system-critical infrastructure. Core business lines include natural gas pipelines, underground electricity cable networks, water and wastewater infrastructure, and hydrogen-related applications. The group emphasizes end-to-end delivery: planning and engineering, pipeline construction, plant services, electro-technical systems, measurement/control technology and maintenance. This integrated offering supports its positioning in technically demanding, large-scale projects with long execution cycles. ([friedrich-vorwerk-group.de](https://www.friedrich-vorwerk-group.de/de/geschaeftsbereiche/energienetze/?utm_source=openai)) From a competitive standpoint, Friedrich Vorwerk benefits from being a specialized contractor in a strategically important niche rather than a generalist infrastructure player. Its expertise in high-complexity energy network projects and its broad portfolio across gas, power, hydrogen and adjacent services make it relevant for transmission system operators and other major clients investing in Germany’s infrastructure upgrade cycle. That said, the business remains sensitive to project timing, permitting, and the pace of public and regulated network investment. ([friedrich-vorwerk-group.de](https://www.friedrich-vorwerk-group.de/en/company/about-us/?utm_source=openai)) Recent developments point to a favorable order environment. In 2025, the company reported a strong order backlog and guided to an EBITDA margin of 16-17% for fiscal 2025 in its 2024 annual report. It also announced large new contracts, including significant pipeline and energy transport projects, which reinforce the visibility of its growth pipeline. The 2025 half-year report showed an order backlog above EUR 1.1 billion, underscoring solid medium-term visibility. ([friedrich-vorwerk-group.de](https://www.friedrich-vorwerk-group.de/media/friedrich_vorwerk_group_se_-_annual_report_2024.pdf?utm_source=openai))