EANS-News: PVA TePla AG
Assessment of the business development for 2013
- Forecast for 2012 approved
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet Wettenberg (euro adhoc) - (Wettenberg, December 20, 2012) - The Supervisory Board of PVA TePla AG, Wettenberg - a manufacturer of equipment for the crystallization of silicon and of vacuum and high-temperature systems - has approved the plans of the Management Board for the 2013 fiscal year. For the next year consolidated sales revenues in the range of EUR 90 - 100 million are expected. The achievable reduction of the cost base by short-time work and reduction of non-personnel costs at the locations Wettenberg and Jena will contribute to a positive operating profit and net profit in 2013. A more accurate forecast of the company's development at that moment does not to appear meaningful in view of the weak world economic development and the hesitant willingness of customers to invest in a number of major markets. The forecast for the fiscal year 2012 published in early November is confirmed. In important markets such as hard metals and semiconductors two significant trends are currently evident: on the one hand in the last two years a significant capacity-expansion has been seen, on the other hand, the growth of the world economy has decreased significantly since 2012. These two factors lead to a reduced willingness to invest on the customer's side. Nevertheless, there is a larger number of promising projects in the business units due to the technological progress and the need for ever more efficient materials and the future capacity-expansion thanks to an emerging rising global economic growth. The solar market is characterized by significant overcapacity, so that major investment decisions should be made only in the course of the next years. However, even in this difficult market environment project talks with customers are currently made who intend to build up their own production capacities with additional consideration of political economic reasons. These projects have not, however, the size of already implemented supply contracts in the past. For 2014 and subsequent years PVA TePla again assumes a significant increase in sales revenues growth and an operating profit in the known scale. Further inquiry note: Dr. Gert Fisahn Telefon: +49(0)641 68690-400 E-Mail: gert.fisahn@pvatepla.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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
Original content of: PVA TePla AG, transmitted by news aktuell