Annual General Meeting of PVA TePla AG in Wetzlar>
Annual General Meeting of PVA TePla AG in Wetzlar
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ (Wettenberg, Germany, June 30, 2009) - The Annual General Meeting ofPVA TePla AG took place on June 29, 2009 in Wetzlar Town Hall and wasattended by 51% of the Company's shareholdersThe Chairman of the Board of Management Peter Abel said in his speechto shareholders and guests of PVA TePla that fiscal 2008 was theCompany's most successful year since its reverse IPO. Therestructuring of its divisions at the beginning of 2009 was describedin detail. This will lead to better customer focus and moretransparency for the capital market. The Company's move to Wettenberglast year was a significant step in its ongoing corporatedevelopment. State-of-the-art production facilities for optimizedlogistics processes and new spaces for sales, development and relatedareas ensure PVA TePla's future viability. The newly-built competencecenter for industrial crystal growing systems (CCIC) helps it focusmore closely on customer requirements, while PVA TePla's expertise incrystal growing can be communicated accordingly. The Company's ownerswere able to form their own impression of the new headquarters beforethe Annual General Meeting with a plant tour. The CFO Arnd Bohleprovided a comprehensive overview of the consolidated financialstatements for 2008 and the figures for the first quarter of thecurrent fiscal year. Consolidated sales grew by 48% to ?168.6 millionin 2008 (previous year: ?113.7 million) and EBIT for 2008 increasedsignificantly as against 2007 to ?15.0 million (previous year: ?10.0million). The EBIT margin increased slightly to 8.9%. Consolidatedsales rose from ?34.6 million in the same quarter of the previousyear to ?38.6 million in the first quarter of 2009, while EBITimproved from ?2.2 million to ?4.7 million.In closing, Peter Abel gave shareholders an outlook of the currentfiscal year and again confirmed the forecast for 2009. Annualconsolidated sales for 2009 are expected to be at the same level asthe previous year. The EBIT margin is expected to be between 9% and11%. The global financial and economic crisis was discussed and itseffects on weak incoming orders in the first quarter were presented.Business is expected to pick up in the second half of the year.Numerous interesting photovoltaics projects give the Company causefor optimism in the second half of the year.The current Supervisory Board members were confirmed in theirpositions by the Annual General Meeting. The other agenda items werealso approved by a large majority.You can obtain further information from:Dr. Gert FisahnInvestor RelationsPVA TePla AGPhone: +49(0)641/68690-400gert.fisahn(at)pvatepla.comwww.pvatepla.comhttp://hugin.info/130372/R/1325999/312005.pdf --- End of Message ---PVA TePla AGIm Westpark 10 - 12 Wettenberg GermanyWKN: 746100; ISIN: DE0007461006; Index: CDAX, GEX, Prime All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Stuttgart, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Düsseldorf, Regulierter Markt in Frankfurter Wertpapierbörse;
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Datum: 30.06.2009 - 06:04 Uhr
Sprache: Deutsch
News-ID 1002359
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