Best result in the Company's history - despite economic crisis and decline in sales revenues
(Thomson Reuters ONE) -
PVA TePla AG / Best result in the Company's history - despite economic crisis and decline in sales revenues processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
· Consolidated operating profit (EBIT) of EUR 16.6 million (previous
year: EUR 15.0 million)
· Consolidated sales revenues of EUR 134.7 million (previous year: EUR
168.6 million)
· Incoming orders of EUR 69 million (previous year: EUR 189.9 million)
· Order backlog of EUR 87 million (previous year: EUR 151.8 million)
(Wettenberg, March 10, 2010) - PVA TePla AG, Wettenberg, a specialist in the
construction of high-temperature vacuum systems and crystal-growing systems, has
published its preliminary figures for fiscal year 2009. Consolidated EBIT
improved to EUR 16.6 million (previous year: EUR 15.0 million). The EBIT margin
thus rose significantly to 12.3% after 8.9% last year. The result is at the
upper end of the guidance published by PVA TePla.
This very good consolidated result includes two one-time effects. Due to the
poor business trend in the Plasma Systems division at the Feldkirchen location,
the decision was taken to restructure this organizational unit. The
restructuring targeted a significant reduction of fixed costs with a consequent
alignment to considerably reduced business volume. The measures will be
completed by the middle of 2010. This results in costs of EUR 2.3 million. As
part of the impairment test, the goodwill of the Plasma Systems division must be
depreciated, resulting in a further one-time effect of EUR 1.9 million. Overall
we are convinced that with this new structure, we will be able to leverage the
opportunities of our sophisticated products in interesting markets for plasma
systems and achieve positive results on a sustained basis.
As already reported in press release dated February 23, 2009, consolidated sales
revenues amounted to EUR 134.7 million (previous year: EUR 168.6 million).
Incoming orders decreased from EUR 189.9 million in the previous year to EUR 69
million in 2009. As at December 31, 2009, the order backlog amounted to EUR 87
million (previous year: EUR 151.8 million). The year-on-year decline of business
volume is due to the economic and finance crisis. This resulted in a high level
of investment restraint in the key sales markets on which PVA TePla operates.
For the fiscal year 2010, the previous outlook is reaffirmed. Thus consolidated
sales revenues will be around EUR 120 million in 2010. An EBIT margin of 8%-10%
is expected.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Phone: +49(0)641/68690-400
gert.fisahn(at)pvatepla.com
www.pvatepla.com
[HUG#1392262]
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PVA TePla AG
Im Westpark 10 - 12 Wettenberg Germany
WKN: 746100;ISIN: DE0007461006;Index:GEX,CDAX,Prime All Share;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
Preliminaries: http://hugin.info/130372/R/1392262/349870.pdf
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Datum: 10.03.2010 - 02:01 Uhr
Sprache: Deutsch
News-ID 1011150
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