EANS-News: Pfeiffer Vacuum Technology AG Pfeiffer Vacuum holds harmonious
Annual Shareholders Meeting in Wetzlar
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Dividend Announcements/Distribution/Annual & Special Corporate Meetings
Subtitle: All items on the agenda adopted by a large majority
Annual forecast anticipates significant improvement in margin
3.15 dividend approved
Aßlar (euro adhoc) - May 22, 2012. The Annual Shareholders Meeting of Pfeiffer
Vacuum AG was held in the Stadthalle in Wetzlar today with an outstanding 47.02
percent of share capital present and some 400 shareholders in attendance.
Supervisory Board Chairman Dr. Michael Oltmanns chaired a harmonious Annual
Shareholders Meeting. The shareholders voted with a large majority to adopt all
items on the agenda.
Chief Executive Officer Manfred Bender presented a successful development of
business in fiscal 2011 marked largely by the integration of adixen. Pfeiffer
Vacuum acquired their former competitor in December 2010. The merging of the
sales and marketing and the product portfolio was concluded within the first
year. The new product combinations which resulted allow complete vacuum
solutions to be supplied. Pfeiffer Vacuum and adixen are the technology leaders
in all essential product groups. There are many modern industrial products that
cannot be made without a vacuum. This is particularly true where ongoing further
developments within information technology and the safeguarding of global energy
supplies are concerned.
"In the current year we are continuing with the fine tuning work in the adixen
integration process. We intend to work on our profitability and achieve an
operating margin of around 15 percent," explained Manfred Bender. "Global
economic conditions are still not on a solid footing. We are still receiving
very mixed signals from the semiconductor market and see no signs of recovery in
the solar industry. We are therefore expecting sales revenues in 2012 as a whole
to be in the range of between EUR 470 and EUR 500 million."
Only in the first year after acquiring a large rival, Pfeiffer Vacuum is already
back on an extremely sound financial footing and has no net indebtedness. The
cash and cash equivalents amount to EUR 108.3 million. Against this background
the Annual Shareholders Meeting voted in favor of a dividend payout of EUR 3.15
per share. This was in line with the payout proposed by the Management and
Supervisory Boards. As a result, on May 23, 2012, as in previous years some 75
percent of the net income reported in the Annual Financial Statements will be
distributed.
Manfred Bender's presentation plus detailed information relating to the results
of the voting are available at
www.pfeiffer-vacuum.de/shareholders_meeting.
About Pfeiffer Vacuum
Pfeiffer Vacuum (Stock Exchange Symbol PFV, ISIN DE0006916604) is one of the
world's leading providers of vacuum solutions. In addition to a full range of
hybrid and magnetically levitated turbopumps, the product portfolio comprises
backing pumps, measurement and analysis devices, components as well as vacuum
chambers and systems. Ever since the invention of the turbopump by Pfeiffer
Vacuum, the company has stood for innovative solutions and high-tech products
that are used in the markets Analytics, Industry, Research & Development,
Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is active throughout
the world today. The company employs a workforce of some 2,300 people and has
more than 20 subsidiaries.
For more information, please visit www.pfeiffer-vacuum.com
Further inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-1346
E-Mail: Brigitte.Loos@pfeiffer-vacuum.de
end of announcement euro adhoc
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company: Pfeiffer Vacuum Technology AG
Berliner Str. 43
D-35614 Aßlar
phone: +49(0)6441-802-0
FAX: +49 (6441) 802-1202
mail: info@pfeiffer-vacuum.de
WWW: http://www.pfeiffer-vacuum.de
sector: Machine Manufacturing
ISIN: DE0006916604
indexes: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English