PVA TePla AG - Earnings Release 2016

News Details

Corporate | 13 May 2016 07:58

PVA TePla AG publishes business figures for Q1 2016

DGAP-News: PVA TePla AG / Key word(s): Quarterly / Interim Statement

2016-05-13 / 07:58

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

PVA TePla publishes business figures for Q1 2016

– Consolidated sales revenues of EUR 17.0 million (previous year: EUR 16.7 million)

– Incoming orders of EUR 17.9 million (previous year: EUR 22.2 million)

– Order backlog of EUR 69.1 million (December 31, 2015: EUR 43.8 million)

– EBIT of EUR -0.7 million (previous year: EUR -0.8 million)

– Relocation of Munich-based subsidiary has negative impact of EUR 0.5 mil lion on EBIT

– Equity ratio of 40.9% (December 31, 2015: 43.0%)

Sales revenues and operating earnings

PVA TePla AG, Wettenberg, a manufacturer of systems for the production of industrial crystals and vacuum and high-temperature systems as well as plasma systems and systems for non-destructive quality inspections, generated consolidated sales revenues of EUR 17.0 million and operating earnings (EBIT) of EUR -0.7 million in the first quarter of 2016. Quarterly sales revenues will rise significantly as the year progresses due to the strong order backlog. Operating earnings (EBIT) amounted to EUR -0.7 million, most of which were attributable to the relocation of the subsidiary PVA Metrology & Plasma Solutions GmbH from Kirchheim near Munich to the headquarters in Wettenberg, as resolved at the end of February, and to the associated restructuring expenses.

Incoming orders/order backlog

In the first three months of 2016, incoming orders for the PVA TePla Group amounted to EUR 17.9 million. The book-to-bill ratio was 1.1. As of March 31, 2016, the order backlog of EUR 68.7 million was significantly higher than the previous year’s figure of EUR 43.8 million.

Net asset situation

Total assets amounted to EUR 89.6 million as of March 31, 2016, and were thus slightly higher than the figure of EUR 88.3 million as of December 31, 2015. Equity declined slightly to EUR 36.6 million (December 31, 2015: EUR 37.9 million) on account of the net loss for the period of EUR 1.2 million. The equity ratio was 40.9%.

Cash flow from operating activities amounted to EUR -3.7 million in the first three months of 2016 (Q1 2015: EUR +0.7 million) due to the higher capital commitment for prefinancing the order backlog.

Outlook for fiscal year 2016

Consolidated sales revenues of between EUR 80 million and EUR 90 million and operating earnings (EBIT) of between EUR 2 million and EUR 4 million are still anticipated for fiscal year 2016.

The interim report is now available to download on the company’s website www.pvatepla.com .

Change in quarterly reporting

Starting in 2016, PVA TePla will exercise the option of publishing less extensive interim reports on the first and third quarter instead of quarterly financial reports. The half-year report will be published in the usual form. This results in a reduced workload for the company and another opportunity to further reduce administrative expenses.

For further information please contact:

Dr. Gert Fisahn

Investor Relations

PVA TePla AG

Tel.: +49(0)641/68690-400

[email protected]

www.pvatepla.com

2016-05-13 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


Language:	English
Company:	PVA TePla AG
	Im Westpark 10-12
	35435 Wettenberg
	Germany
Phone:	0641/686900
Fax:	0641/68690800
E-mail:	[email protected]
Internet:	www.pvatepla.com
ISIN:	DE0007461006
WKN:	746100
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart