PVA TePla AG

EANS-News: PVA TePla AG
Half-year 2012 figures

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quarterly report


Wettenberg (euro adhoc) - -       Consolidated sales revenues EUR 60.2 (previous
year: EUR 46.3) million

-       Operating profit (EBIT) EUR 4.9 (previous year: EUR 3.6) million
-       Incoming orders EUR 29.3 (previous year: EUR 90.4) million
-       Order backlog EUR 41.5 (previous year: EUR 96.9) million
-       Sales revenues and earnings forecast confirmed



(Wettenberg, August 15, 2012) - Consolidated sales revenues and earnings were in
line with PVA TePla Group planning in the first half of 2012. The company, which
specializes in crystallization systems for semiconductor and solar silicon as
well as vacuum and high-temperature systems - generated consolidated sales
revenues of EUR 60.2 million (previous year: EUR 46.3 million). EBIT amounted to
EUR 4.9 million (previous year: EUR 3.6 million). As at June 30, 2012, the order
backlog amounted to EUR 41.5 million (previous year: EUR 96.9 million). These
figures are in line with company plan-ning. In view of the order backlog, the
sales revenues and earnings forecast for the whole of 2012 is confirmed with
expected sales revenues of between EUR 120 million and EUR 130 million and an
EBIT margin of 8-10%. 

The Industrial Systems division increased its sales revenues slightly from EUR
24.2 mil-lion to EUR 26.0 million year-on-year, and the Semiconductor Systems
division gener-ated sales revenues of EUR 29.6 million (previous year: EUR 17.2
million) on account of the very positive development of business with crystal
growing systems for the semiconductor industry. The Solar Systems division only
posted sales of EUR 4.6 mil-lion (previous year: EUR 4.8 million) due to the
weak order situation. 

EBIT amounted to EUR 4.9 million (previous year: EUR 3.6 million). At 8.2%, the
EBIT margin was within the range forecast for the year as a whole of 8-10%.
Consolidated net income for the period totaled EUR 3.2 million (previous year:
EUR 2.4 million). 

Incoming orders came to EUR 29.3 million (previous year: EUR 90.4 million), with
the trend being particularly weak in the second quarter. The book-to-bill-ratio
stood at 0.49 (previous year: 1.96). Across almost all divisions, customers are
currently show-ing considerable restraint in their investment decisions. This
also applies to the impor-tant Chinese market, where we observed much lower
demand for our products in the first half of 2012. In particular, the solar
market is currently characterized by substan-tial overcapacity and intense price
pressure across the entire supply chain, meaning that demand for production
facilities is low. As at June 30, 2012, the order backlog amounted to EUR 41.5
million (previous year: EUR 96.9 million).

The liquidity situation of the PVA TePla Group was again strong in the first
half of 2012. As expected, the operating cash flow was positive at EUR +3.0
million (previous year: EUR -0.6 million). 

For the 2012 fiscal year, the previous forecast is confirmed, with consolidated
sales revenues of between EUR 120 million and EUR 130 million and an EBIT margin
of 8-10%.


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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