PVA TePla AG

EANS-News: PVA TePla AG
Assessment of the business development for 2013 - Forecast for 2012 approved


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Financial Figures/Balance Sheet

Wettenberg (euro adhoc) - (Wettenberg, December 20, 2012) - The Supervisory
Board of PVA TePla AG, Wettenberg - a manufacturer of equipment for the
crystallization of silicon and of vacuum and high-temperature systems - has
approved the plans of the Management Board for the 2013 fiscal year. For the
next year consolidated sales revenues in the range of EUR 90 - 100 million are
expected. The achievable reduction of the cost base by short-time work and
reduction of non-personnel costs at the locations Wettenberg and Jena will
contribute to a positive operating profit and net profit in 2013. A more
accurate forecast of the company's development at that moment does not to appear
meaningful in view of the weak world economic development and the hesitant
willingness of customers to invest in a number of major markets. The forecast
for the fiscal year 2012 published in early November is confirmed.

In important markets such as hard metals and semiconductors two significant
trends are currently evident: on the one hand in the last two years a
significant capacity-expansion has been seen, on the other hand, the growth of
the world economy has decreased significantly since 2012. These two factors lead
to a reduced willingness to invest on the customer's side. Nevertheless, there
is a larger number of promising projects in the business units due to the
technological progress and the need for ever more efficient materials and the
future capacity-expansion thanks to an emerging rising global economic growth.

The solar market is characterized by significant overcapacity, so that major
investment decisions should be made only in the course of the next years.
However, even in this difficult market environment project talks with customers
are currently made who intend to build up their own production capacities with
additional consideration of political economic reasons. These projects have not,
however, the size of already implemented supply contracts in the past.
For 2014 and subsequent years PVA TePla again assumes a significant increase in
sales revenues growth and an operating profit in the known scale.


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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