PVA TePla AG - Earnings Release 2017

News Details

Corporate | 11 August 2017 08:00

PVA TePla AG: Publication of figures for first half of 2017

DGAP-News: PVA TePla AG / Key word(s): Half Year Results

11.08.2017 / 08:00

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

PVA TePla: Publication of figures for first half of 2017

– Consolidated sales revenues at EUR 43.6 million (up 12.3% year-on-year)

– Gross profit at EUR 10.1 million (up 8.5% year-on-year)

– EBITDA of EUR 2.6 million (up 24.8% year-on-year)

– EBIT of EUR 1.5 million (up 150% year-on-year)

– Incoming orders of EUR 45.6 million (up 27.5% year-on-year)

– Equity ratio of 45.0% (December 31, 2016: 42.5%)

Sales revenues and operating earnings

PVA TePla AG, Wettenberg, a leading manufacturer of systems for the production of industrial crystals and vacuum and high-temperature systems, plasma systems and systems for non-destructive quality inspection, generated consolidated sales revenues of EUR 43.6 million in the first six months of 2017, up 12.3% on the same period of the previous year (EUR 38.8 million). Gross profit increased by 8.5% to EUR 10.1 million (previous year: EUR 9.3 million). This leads to a gross margin of 23.1% (previous year: 23.9%). EBIT amounted to EUR 1.5 million (previous year: EUR 0.6 million). The consolidated net income for the period was EUR 0.5 million (previous year: EUR 0.4 million).

Incoming orders/order backlog

Incoming orders for the PVA TePla Group rose by 27.5% to EUR 45.6 million in the first six months of 2017 (previous year: EUR 35.8 million). Both the Industrial Systems division and the Semiconductor division contributed to the growth in incoming orders, with increases of 41% and 19% respectively.

The book-to-bill-ratio is 1.05 (previous year: 0.92). The order backlog was EUR 51.7 million as of June 30, 2017 (previous year: EUR 64.9 million).

Net asset situation

Total assets were down significantly at EUR 90.3 million as of June 30, 2017 (December 31, 2016: EUR 94.7 million). Equity increased slightly to EUR 40.6 million (December 31, 2016: EUR 40.3 million) on account of the net profit for the period of EUR 0.5 million. The equity ratio climbed to 45.0% (previous year: 42.5%). Cash and cash equivalents have risen sharply to EUR 6.0 million (previous year: EUR 2.5 million).

The operating cash flow for the first six months of 2017 was clearly positive at EUR 10.2 million (H1 2016: EUR -6.6 million).

Outlook for fiscal 2017

Consolidated sales revenues on the scale of EUR 85 million and an EBITDA margin on the scale of 6% are still assumed for fiscal 2017.

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

For further information, please contact:

Dr. Gert Fisahn

Investor Relations

PVA TePla AG

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

[email protected]

11.08.2017 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.

Archive at 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, Tradegate Exchange