PVA TePla AG

EANS-News: PVA TePla AG
Business figures for first quarter of 2012


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3-month report


Wettenberg (euro adhoc) - -       Consolidated sales revenues: EUR 31.0 million
(previous year: EUR 23.1 million)

-       EBIT: EUR 2.9 million (previous year: EUR 1.8 million)
-       Consolidated net profit for the period: EUR 2.0 million (previous year:
EUR 1.3 million)
-       Incoming orders: EUR 18.9 million (previous year: EUR 39.0 million)
-       Order backlog: EUR 60.5 million (previous year: EUR 68.7 million)



(Wettenberg, May 11, 2012) - PVA TePla AG - the manufacturer of silicon
crystallization systems, vacuum and high-temperature systems, generated sales
revenues of EUR 31.0 million in the first quarter of 2012 (previous year: EUR
23.1 million), its EBIT amounted to EUR 2.9 million (previous year: EUR 1.8
million). 

The Industrial Systems division increased its sales revenue from EUR 11.3
million in the same quarter of the previous year to EUR 13.8 million. An even
more significant increase in sales revenue was posted in Semiconductor Systems
at EUR 14.5 million (previous year: EUR 8.8 million). Sales revenue in the Solar
Systems division remained at a low level of EUR 2.7 million on account of the
minimal order backlog (previous year: EUR 3.1 million). 

As expected, EBIT and consolidated net income for the period were well above the
previous year's figures at EUR 2.9 million (previous year: EUR 1.8 million) and
EUR 2.0 million (previous year: EUR 1.3 million) respectively. The EBIT margin
was at the upper end of the forecast range at 9.5% (previous year: 7.6%). 

Incoming orders in the PVA TePla Group developed in line with our expectations
for the first quarter of 2012 but were significantly below the previous year's
figure at EUR 18.9 million (EUR 39.0 million). The book-to-bill-ratio therefore
changed to 0.6 (previous year: 1.7). At EUR 12.7 million in the first three
months of 2012, incoming orders in Industrial Systems division remained at the
same good level as the first quarter of the previous year 



(EUR 15.6 million). Semiconductor Systems division generated significantly lower
incoming orders than in the same period of the previous year of EUR 5.8 million
(previous year: EUR 22.4 million). In the same quarter of the previous year,
this division had been dominated in particular by high incoming orders for
semi-conductor crystal-growing systems that it was not expected to repeat in the
past quarter. Incoming orders for the Solar Systems division amounted to EUR 0.3
million (previous year: EUR 0.9 million). Business performance in this unit is
largely dependent on major orders, which are not anticipated at the current time
on account of the difficult market environment in the photovoltaics industry. 

As forecast, cash flow from operating activities was positive again in the first
quarter of 2012 at EUR 3.9 million (previous year: EUR 2.3 million). Cash flow
used in investing activities amounted to EUR  0.2 million (previous year: EUR 
0.2 million). The PVA TePla Group's liquidity situation remains positive, as
indicated by the high level of cash and cash equivalents of EUR 17.9 million.

PVA TePla is confirming its guidance for fiscal 2012 of anticipated consolidated
sales revenues of EUR 120-130 million and an EBIT margin of between 8% and 10%.


Further inquiry note:
Dr. Gert Fisahn
Telefon: +49(0)641 68690-400
E-Mail: gert.fisahn@pvatepla.com

end of announcement                               euro adhoc 
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company:     PVA TePla AG
             Im Westpark 10-12
             D-35435 Wettenberg
phone:       +49(0)641 68690-0
FAX:         +49(0)641 68690-800
mail:     ir@pvatepla.com
WWW:      http://www.pvatepla.com
sector:      Misc. Industrials
ISIN:        DE0007461006
indexes:     CDAX
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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