Pfeiffer Vacuum Technology AG - Earnings Release 2018

News Details

Corporate | 21 February 2019 07:45

Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum increases sales in 2018 by 12.4% and EBIT by 33.3%

DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Preliminary Results

21.02.2019 / 07:45

The issuer is solely responsible for the content of this announcement.

**PRESS RELEASE

INVESTOR RELATIONS INFORMATION**

Pfeiffer Vacuum increases sales in 2018 by 12.4% and EBIT by 33.3%

– Sales with EUR 659.7 million at the upper end of the guidance of EUR 640 to 660 million

– EBIT margin: 14.4% (adjusted: 15.2%)

– Book to bill Ratio: 1.03

Asslar, February 21, 2019. Pfeiffer Vacuum, a leading global manufacturer of vacuum solutions, today announces preliminary, unaudited results for the financial year 2018. Compared to the previous year, sales increased by 12.4% to EUR 659.7 million (EUR 587.0 million) and reached another record level. The operating result (EBIT) increased by 33.3% to EUR 95.1 million (previous year: EUR 71.4 million). The EBIT margin improved by 2.2 percentage points to 14.4% compared to the previous year (12.2%). This includes effects from purchase price allocations (PPA effects) amounting to EUR 5.2 million for the companies acquired in the previous year. Taking these special effects into account the adjusted EBIT margin amounts to 15.2%.

The book-to-bill ratio, the ratio of order intake to sales, amounts to 1.03 for the full year. At the end of the fourth quarter, Pfeiffer Vacuum had an order backlog of EUR 144.9 million, an increase of 13.7% over the previous year (EUR 127.4 million).

Dr. Eric Taberlet, CEO and Nathalie Benedikt, CFO comment:” 2018 was a year focused on the strategic realignment of the Pfeiffer Vacuum Group. At the same time, we achieved record sales of around EUR 660 million. This result was only possible thanks to the extraordinary commitment of our approximate 3,200 employees around the world. We sincerely thank them. In 2019, we would like to continue our revenue growth. With regards to the EBIT margin, we do not expect any significant improvement during the implementation period of the strategy.”

The final annual result will be published on March 28, 2019.

To explain the annual results, there will be a press conference at 10:00 a.m. and an investor conference call at 4:00 p.m. on the same day.

**Contact

Pfeiffer Vacuum Technology AG**

Investor Relations

Dinah Reiss

T +49 6441 802 1346

F +49 6441 802 1365

[email protected]

Short profile

Pfeiffer Vacuum (ticker symbol PFV, ISIN DE0006916604) is a leading global manufacturer of vacuum solutions. Among a full range of hybrid and magnetically levitated turbopumps, the portfolio comprises backing pumps, measurement and analysis devices, components and vacuum chambers and systems. Pfeiffer Vacuum has stood for innovative solutions and high-tech products in analytics, industry, research & development, coating and semiconductor markets since its invention of the turbopump in 1958. Founded in 1890, Pfeiffer Vacuum is active worldwide today. Pfeiffer Vacuum has eight manufacturing sites in Europe, Asia and North America. The company employs approx. 3,200 employees worldwide and has over 20 sales and service companies.

For more information, please go to: group.pfeiffer-vacuum.com

21.02.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Pfeiffer Vacuum Technology AG
	Berliner Str. 43
	35614 Asslar
	Germany
Phone:	+49 6441 802-0
Fax:	+49 6441 802-1365
E-mail:	[email protected]
Internet:	www.pfeiffer-vacuum.de
ISIN:	DE0006916604
WKN:	691660
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange