EANS-News: PVA TePla announces earnings for fiscal 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Annual Reports Wettenberg (euro adhoc) - Operating result (EBIT) of EUR 13.7 million (previous year: EUR 12.0 million) EBIT margin of 10.3% (previous year: 10.0%) (Wettenberg, March 29, 2012) - PVA TePla AG, Wettenberg, a manufacturer of silicon crystallization systems, vacuum and high-temperature systems, today published its operating result (EBIT) for fiscal 2011. Operating result (EBIT) climbed to EUR 13.7 million compared with 2010 (EUR 12.0 million), whilst consolidated net income also rose to EUR 9.1 million (previous year: EUR 7.5 million). The provisional figures announced in the press release dated March 13, 2012 are confirmed: consolidated sales revenues reached EUR 132.6 million (previous year: EUR 120.4 million), incoming orders increased to EUR 156.2 million (previous year: EUR 93.4 million) and the order backlog amounted to EUR 74.9 million (previous year: EUR 52.9 million). The operating result (EBIT) rose to EUR 13.7 million (previous year: EUR 12.0 million) as a result of the higher business volume, and the EBIT margin of 10.3% is slightly above the forecast published by PVA TePla, as explained in the press release dated March 13, 2012. In the year under review, the consolidated net profit for the year amounted to EUR 9.1 million (previous year: EUR 7.5 million). As at December 31, 2011, total assets amounted to EUR 129.1 million and were thus above the previous year´s figure of EUR 121.7 million. As a result of the net profit for the year, equity increased from EUR 54.4 million to EUR 60.3 million. The equity ratio thus increased to 46.7% (previous year: 44.7%) despite the higher total assets in the year under review. At EUR -8.1 million (previous year: EUR 11.2 million), a negative operating cash flow was generated in 2011, as expected. This figure is subject to significant fluctuations in the vacuum system and crystal-growing system business units at the reporting date due to the project structure of the orders, and will return to positive territory at the beginning of fiscal 2012. As at December 31, 2011, cash and cash equivalents amounted to EUR 14.6 million (previous year: EUR 30.3 million). At its last meeting on March 26, 2012, the Supervisory Board of PVA TePla AG approved the Management Board´s resolution to propose a dividend payment of EUR 0.15 per share from the net retained profits for fiscal 2011 at the Annual General Meeting to be held in Giessen on June 13, 2012. The current forecast for fiscal 2012 has been confirmed. Thus, consolidated sales revenues will be between EUR 120 million and EUR 130 million. An EBIT margin of 8%-10% is expected. This forecast is supported by the order backlog of EUR 74.9 million as at December 31, 2011 and a corresponding level of incoming orders in the first quarter of 2012. 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 30, 2012. 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 von: PVA TePla AG, übermittelt durch news aktuell