EANS-News: PVA TePla AG /Half-year 2011 Figures
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
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