Pfeiffer Vacuum Technology AG — Earnings Release 2001

Nov 6, 2001

News Details

Ad-hoc | 6 November 2001 08:00

Pfeiffer Vacuum english

Pfeiffer Vacuum releases 9 months’ results Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Asslar, Germany, November 6, 2001. With its latest financial numbers, Pfeiffer Vacuum Technology AG, a leading manufacturer of vacuum pumps and components, again demonstrated its profitability, in spite of the difficult economic environment. Highlights at a glance: 9 Months 2000 9 Months 2001 Change Sales Eur 134.5 million Eur 130.0 million – 3.3 % New orders Eur 145.8 million Eur 122.9 million – 15.7 % Operating profit (EBIT) Eur 25.0 million Eur 22.8 million – 8.8 % After-tax income Eur 13.0 million Eur 14.4 million + 10.8 % Earnings per share Eur 1.53 Eur 1.63 + 6.5 % The sustained sluggishness of the semiconductor industry and the general weakness of the American economy have led to sharp shortfalls in sales in the United States. During the first 9 months, U.S. sales declined from Eur 46.5 million in 2000 to Eur 35.9 million in 2001. Encouragingly, during the same period sales in Germany advanced from Eur 30.4 million to Eur 34.9 million and in Asia and the rest of the world from Eur 13 million to Eur 16 million, especially in the market segments of vacuum coating and analytical applications. The negative development of new orders, first and foremost in the United States, was heightened by the events of September 11. Strict cost management and the institution of further efficiency-enhancing measures at the new production facility produced an EBIT margin of nearly 18 %; in spite of the decline in sales, this is only around 1 % lower than the margin during the comparable prior-year period. Thanks to a more favorable tax rate, after-tax income rose by a strong 10.8 % year to year. With an 11 % return on sales, the company is one of the most profitable on the Neuer Markt Stock Exchange. For more details see press release incl. financial tables on the internet under www.pfeiffer-vacuum.de end of ad-hoc-announcement (c)DGAP 06.11.2001 ——————————————————————————– WKN: 691660; Index: NEMAX 50 Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, München, Hamburg, Hannover und Stuttgart 060800 Nov 01