EANS-News: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum holds harmonious
Annual Shareholders Meeting in Wetzlar
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
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