Pfeiffer Vacuum Technology AG — Earnings Release 2002

Nov 5, 2002

News Details

Ad-hoc | 5 November 2002 08:00

Pfeiffer Vacuum english

Pfeiffer Vacuum 9 months 2002 earnings release Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Pfeiffer Vacuum 9 months 2002 earnings release Pfeiffer Vacuum Technology AG (PVF-Neuer Markt Frankfurt / PV NYSE), a leading manufacturer of high-quality vacuum pumps, components, and complete vacuum systems, announces its results as of September 30, 2002. For the first time since the end of 2001, quarterly sales increased slightly by + 2.5 %. Nine months’ profit margin was 12.9 % before tax. The level of new orders increased substantially in October 2002. Still no significant sales revenues in the DVD Division. Start-up costs for DVD business amounted to EUR 3.2 million in first nine months of the year. Highlights at a glance: First 9 months 2002 First 9 months 2001 Sales Revenues 110.9 million EUR 130.0 million EUR Gross Margin 45.1 % 44.8 % S, G & A Cost 26.0 million EUR *) 26.2 million EUR R & D Cost 7.5 million EUR *) 6.2 million EUR Operating Profit (EBIT) 12.9 million EUR 22.8 million EUR Earnings per Share 0.99 EUR 1.63 EUR New Orders 109.2 million EUR 122.9 million EUR *) incl. EUR 3.2 million for the DVD business acquired in January 2002. The global recession in some of the most important sales markets in Europe, the US, and Asia is reflected by the sales figures. In the first 9 months of 2002, sales fell by 14.7 % to EUR 110.9 million. However, for the first time since the 4th quarter of 2001, sales figures rose slightly by 2.5 % compared to the previous quarter to EUR 37.4 million in the 3rd quarter of 2002. The most significant increase was recorded in Germany, where sales rose by 32.4 % from EUR 9.5 million to EUR 12.6 million. This increase is offset by a fall in sales of EUR 2.2 million in other countries. The operating profit (EBIT), which is currently EUR 12.9 million corresponding to an 11.6 % EBIT margin, reinforces the company’s status as a top performer in German industry. Excluding the above- mentioned start-up costs for the DVD Division, the operating profit comes to EUR 16.1 million = 14.5 % EBIT margin. For detailed press release including outlook and financial tables see http://www.pfeiffer-vacuum.de. end of ad-hoc-announcement (c)DGAP 05.11.2002 ——————————————————————————– WKN: 691660; ISIN: DE0006916604; Index: NEMAX 50 Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, München, Hamburg, Hannover und Stuttgart 050800 Nov 02