Frequentis: Order Intake of Half a Billion Euros for the First Time

Frequentis: Order Intake of Half a Billion Euros for the First Time

  • Revenues +10.8% to EUR 427.5 million
  • Order intake +24.7% to EUR 505 million
  • EBIT increased to EUR 27 million
  • Proposal to increase the dividend again to EUR 0.24

Revenues, Earnings, Order Development

The stable Frequentis business model led to a further increase in revenues of almost 11% toEUR 427.5 million. Revenues grew by around 14% in the Air Traffic Management segment and almost 5% in the Public Safety & Transport segment. By region, 66% of revenues were generated in Europe, 16% in the Americas, 11% in Asia, and 7% in Australia / Pacific / Africa.

Order intake rose by EUR 100.0 million to EUR 504.8 million, an increase of almost 25%. Higher inflation was reflected in purchases from suppliers and in pay rises. Nevertheless, EBIT improved to EUR 26.6 million and the EBIT margin was 6.2%.

Frequentis CEO Norbert Haslacher, said:

“We managed to increase revenues and order intake volumes in all segments. That is a tremendous success for our team. I would like to thank the 2,200 employees who work for Frequentis around the world for their commitment and contribution to this success.”

Substantial orders were received, for instance, from the USA (from Verizon / FAA for the delivery of an Enterprise Network Service system), Canada (a voice communication system for the Canadian air navigation service provider), France (a communication system for the nationwide rail network), and Norway (nationwide control centre communication for emergency rescue and medical on-call services).

Research & Development for a Safer World

For Frequentis, the growing global need for safety and mobility are driving forces for investment in innovative products and technologies. In 2023, Frequentis invested around 6% of revenues in company-funded R&D, for example, for the ongoing development of aeronautical information systems for drone management, digital towers, and the use of network technology in the safety-critical sector.

That has resulted in several products that are already in operation. Examples are the digital traffic management system for Austro Control Dronespace and the drone-controlled inspection system for the Austrian rail network (ÖBB).

5 Years on the Stock Exchange, 9 Acquisitions

Frequentis has made nine acquisitions since its IPO in 2019. In 2023, the focus was on technology acquisitions. The purchase of a 76.76% interest in the German company FRAFOS strengthens Frequentis’ cybersecurity competence. The acquisition of the Norwegian company GuardREC extends the recording and data analytics business, i.e., the recording and evaluation of voice and flight data.

Proposal to Raise the Dividend Again, Increase in Equity

The profit for 2023 was EUR 20.0 million and earnings per share were EUR 1.39. Frequentis proposes to pay a 9% higher dividend of EUR 0.24 this year. Equity rose to EUR 155.6 million, the equity ratio was 41.9%, and the net cash position was EUR 84.3 million.


Based on the three megatrends – safety & security, mobility, and technology – which remain intact, Frequentis expects order intake and revenues to increase further in 2024 compared with 2023. In view of the ramp-up costs for the major projects acquired in 2023 and persistent inflation, the EBIT margin is expected to be around 6% in 2024.

The current financial publications can be found at:

This article was originally published by Frequentis.

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