EANS-News: PVA TePla AG Strong result in a challenging environment
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Annual Reports
Wettenberg (euro adhoc) - - Consolidated sales revenues of EUR 103.3
million (previous year: EUR 132.6 million)
- Consolidated operating result (EBIT) of EUR 6.6 million (previous year:
EUR 13.7 million)
- EBIT margin of 6.4% (previous year: 10.3%)
- Incoming orders of EUR 59.2 million (previous year: EUR 156.2 million)
- Proposed dividend: EUR 0.10 per share (previous year: EUR 0.15)
(Wettenberg, March 27, 2013) - PVA TePla AG, Wettenberg, a producer of systems
for manufacturing industrially used crystals for the semiconductor and solar
industry as well as vacuum and high-temperature systems, today published its
2012 annual report. The forecast figures for sales revenues and the operating
result were almost attained. Consolidated sales revenues amounted to EUR 103.3
million (previous year: EUR 132.6 million). Consolidated operating result (EBIT)
stood at EUR 6.6 million (previous year: EUR 13.7 million). At EUR 59.2 million,
incoming orders were down significantly on the same period of the previous year
(EUR 156.2 million).
Consolidated annual sales revenues for 2012 totaled EUR 103.3 million, while
operating result (EBIT) was also in line with expectations at EUR 6.6 million
with an EBIT margin of 6.4%. In the year under review, the consolidated net
profit for the year amounted to EUR 4.7 million. At EUR 59.2 million, incoming
orders posted a weak development across all divisions in 2012 due to
developments in the markets serviced by PVA TePla. In some of the relevant
customer industries, such as hard metal production, silicon wafer production for
the semiconductor industry and, in particular, the photovoltaics industry,
significant overcapacity has built up in previous years. Combined with a
disappointing economic performance, this has led to considerable investment
restraint among our customers.
As at December 31, 2012, total assets stood at EUR 103.0 million, down
substantially on the previous year's figure of EUR 129.1 million due to the
lower business volume. As a result of the net profit for the year, equity
increased from EUR 60.3 million to EUR 61.7 million. The equity ratio rose
significantly to 59.9% (previous year: 46.7%).
At EUR 4.4 million (previous year: EUR -8.1 million), a positive operating cash
flow was generated in 2012, as expected. As at December 31, 2012, cash and cash
equivalents amounted to EUR 10.0 million (previous year: EUR 14.6 million).
At its last meeting on March 22, 2013, the Supervisory Board of PVA TePla AG
approved the Management Board's resolution to propose a dividend payment of EUR
0.10 per share from the net retained profits for fiscal 2012 at the Annual
General Meeting to be held in Giessen on June 19, 2013.
Consolidated sales revenues of EUR 90 million to EUR 100 million - more likely
at the lower end of this range - and a positive operating result are forecasted
for fiscal 2013. This is supported by a further stimulation in incoming orders
in the Industrial Systems division and series production business in the
Semiconductor Systems division.
The annual report is now available to download on the company's website
www.pvatepla.com.
A press conference and analysts' meeting to comment on the past fiscal year and
the prospects for further development will be held in Frankfurt on March 28,
2013.
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