Pfeiffer Vacuum Technology AG

EANS-News: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum achieves targets for the full year of 2011

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annual result/Financial Figures/Balance Sheet

Subtitle: Turnover at € 519.5 million
EBIT margin was 14.6 % (excluding PPA-effects)
Incoming orders at € 515.9 million


Aßlar (euro adhoc) - Pfeiffer Vacuum announces its preliminary, unaudited
results for fiscal year 2011. Accordingly, the company has increased its
turnover to EUR 519.5 million (previous year: EUR 220.5 million). The first-time
inclusion of revenues from adixen and, in addition, positive developments in the
core business across all segments led to these satisfactory results. Before PPA
effects, operating profit amounted to EUR 75.9 million (previous year: EUR 52.9,
million). Thus, the operating margin for 2011 was 14.6 percent; the target level
was set at 15 percent.

As part of the purchase price allocation (= PPA for short), the assets and
liabilities of the adixen business units were retroactively newly assessed at
fair value. The result was a significant increase in the value of acquired
assets. From this, on the one hand, follows a reduction of goodwill by about
EUR 38 million. On the other hand, the higher values lead to an increase in the
depreciation/amortization base and also the annual depreciation/amortization of
primarily intangible assets. The impact on operating profit was EUR 13.3 million
during the year 2011. This amount will be reduced significantly in the coming
years. When taking into account these effects, the results showed an operating
profit of EUR 62.6 million and an operating profit margin of 12.0 percent.

Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, states the following about
the results: "By purchasing adixen we have sensibly expanded our strategic
product portfolio. We were already highly profitable in the first year and have
almost completed the integration. Accounting has confirmed that we have bought
valuable assets. We are now well prepared for future growth and will
significantly increase the EBIT-margin in the coming years."

Orders received by Pfeiffer Vacuum were, for fiscal year 2011, at EUR 515.9
million (previous year: EUR 223.7, million). The book-to-bill ratio, which is
the ratio of orders to sales, was at 0.99 in 2011 compared to 1.01 in 2010.
Incoming orders were at EUR 113.0 million (previous year: EUR 58.4 million); the
fourth quarter of 2011 was marked with an upward trend over the previous
quarter.


The detailed audited earnings figures, the full balance sheet and the proposal
to pay dividends will be announced by the company on the day of a press
conference scheduled for March 26, 2012.



About Pfeiffer Vacuum
Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of the
world´s leading providers of vacuum solutions. In addition to a full range of
hybrid and magnetically levitated turbopumps, the product portfolio comprises
backing pumps, measurement and analysis devices, components as well as vacuum
chambers and systems. Ever since the invention of the turbopump by Pfeiffer
Vacuum, the company has stood for innovative solutions and high-tech products
that are used in the markets Analytic, Industry, Research & Development,
Coating, Semiconductor and Chemistry. Founded in 1890, Pfeiffer Vacuum is
active throughout the world today. The company employs a workforce of some
2,300 people and has more than 20 subsidiaries. For more information, please
visit www.pfeiffer-vacuum.com


Further inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de

end of announcement                               euro adhoc 
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company:     Pfeiffer Vacuum Technology AG
             Berliner Str.  43
             D-35614 Aßlar
phone:       +49 (6441) 802-0
FAX:         +49 (6441) 802-202
mail:     info@pfeiffer-vacuum.de
WWW:      http://www.pfeiffer-vacuum.de
sector:      Machine Manufacturing
ISIN:        DE0006916604
indexes:     TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English
 



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