EANS-News: Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum achieves targets for
the full year of 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- annual result/Financial Figures/Balance Sheet Subtitle: Turnover at 519.5 million EBIT margin was 14.6 % (excluding PPA-effects) Incoming orders at 515.9 million Aßlar (euro adhoc) - Pfeiffer Vacuum announces its preliminary, unaudited results for fiscal year 2011. Accordingly, the company has increased its turnover to EUR 519.5 million (previous year: EUR 220.5 million). The first-time inclusion of revenues from adixen and, in addition, positive developments in the core business across all segments led to these satisfactory results. Before PPA effects, operating profit amounted to EUR 75.9 million (previous year: EUR 52.9, million). Thus, the operating margin for 2011 was 14.6 percent; the target level was set at 15 percent. As part of the purchase price allocation (= PPA for short), the assets and liabilities of the adixen business units were retroactively newly assessed at fair value. The result was a significant increase in the value of acquired assets. From this, on the one hand, follows a reduction of goodwill by about EUR 38 million. On the other hand, the higher values lead to an increase in the depreciation/amortization base and also the annual depreciation/amortization of primarily intangible assets. The impact on operating profit was EUR 13.3 million during the year 2011. This amount will be reduced significantly in the coming years. When taking into account these effects, the results showed an operating profit of EUR 62.6 million and an operating profit margin of 12.0 percent. Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, states the following about the results: "By purchasing adixen we have sensibly expanded our strategic product portfolio. We were already highly profitable in the first year and have almost completed the integration. Accounting has confirmed that we have bought valuable assets. We are now well prepared for future growth and will significantly increase the EBIT-margin in the coming years." Orders received by Pfeiffer Vacuum were, for fiscal year 2011, at EUR 515.9 million (previous year: EUR 223.7, million). The book-to-bill ratio, which is the ratio of orders to sales, was at 0.99 in 2011 compared to 1.01 in 2010. Incoming orders were at EUR 113.0 million (previous year: EUR 58.4 million); the fourth quarter of 2011 was marked with an upward trend over the previous quarter. The detailed audited earnings figures, the full balance sheet and the proposal to pay dividends will be announced by the company on the day of a press conference scheduled for March 26, 2012. 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 Analytic, Industry, Research & Development, Coating, Semiconductor and Chemistry. 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) 802-346 E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Pfeiffer Vacuum Technology AG Berliner Str. 43 D-35614 Aßlar phone: +49 (6441) 802-0 FAX: +49 (6441) 802-202 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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