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quarterly report
Wettenberg (euro adhoc) - Figures in line with planning
Consolidated sales revenues EUR 46,3 million (previous year: EUR 63.9
million)
Operating profit (EBIT) EUR 3.6 million (previous year: EUR 7.0 million)
Order backlog EUR 96.9 million (previous year: EUR 56.2 million)
Sales revenues and earnings forecast confirmed
(Wettenberg, August 12, 2011) - The PVA TePla AG Group, a specialist for
crystallization systems for semiconductor and solar silicon as well as vac-uum
and high-temperature systems, generated sales revenues of EUR 46,3 million in
the first six months of 2011 (previous year: EUR 63.9 million), while its EBIT
amounted to EUR 3.6 million (previous year: EUR 7.0 million). As at June 30,
2011, the order backlog amounted to EUR 96.9 million (previous year: EUR 56.2
million). These figures are in line with company planning. On the basis of
existing orders, higher sales revenues and a higher operating result will be
generated in the second half of the fis-cal year. The sales revenues and
earnings forecast for the whole of 2011 is thus confirmed - with expected sales
revenues in a corridor between EUR 120 million and EUR 130 million and an EBIT
margin of 8-10%, each at the upper end of the projected range.
The Industrial Systems division doubled sales from EUR 12.2 million in the
previous year to EUR 24.2 million, while the Semiconductor Systems division
achieved EUR 17.2 million (previous year: EUR 11.9 million), and the Solar
Systems division posted EUR 4.8 million (previous year: EUR 39.7 million). The
decrease in sales revenues in this division is due to low incoming orders last
fiscal year. With the order to deliver crystal-growing systems to a company in
Asia, sales revenues will be at a higher level in the second half of the year.
EBIT amounted to EUR 3.6 million (previous year: EUR 7.0 million). Due to lower
sales revenues in the first six months, the EBIT margin of 7.7% was still lower
than the range of 8 - 10% forecast for the whole year. Consolidated net income
for the period reached EUR 2.4 million (previous year: EUR 4.2 million).
In the first half-year of 2011, income orders more than doubled from EUR 41.7
million to EUR 90.4 million, resulting in a book-to-bill ratio of 2.0 (previous
year: 0.7). In the two first quarters, income orders developed well in almost
all business units. At the beginning of the second quarter, the Solar Systems
division also obtained a larger or-der for supplying crystal-growing systems. As
at June 30, 2011, the order backlog totaled EUR 96.9 million (previous year: EUR
56.2 million).
The liquidity situation of the PVA TePla Group was strong, also in the first
half of 2011. Operating cash flow was slightly negative at -EUR 0.6 million
(previous year: +EUR 10.0 million). This was driven by advance payments for new
orders on the one and payments for procuring material on the other.
For the whole fiscal year of 2011, the previous forecast is confirmed - with
consolidated sales revenues in a corridor between EUR 120 million and EUR 130
million and an EBIT margin of 8-10%, each at the upper end of the projected
range.
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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English