PVA TePla AG - Earnings Release 2017

News Details

Corporate | 12 May 2017 08:00

PVA TePla Publishes Business Figures for Q1 2017

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

12.05.2017 / 08:00

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

– Consolidated sales revenues at EUR 23.3 million (+37% year-on-year)

– Gross profit at EUR 5.2 million (+58% year-on-year)

– EBIT of EUR 0.6 million (+86% year-on-year)

– Incoming orders of EUR 21.0 million (+17% year-on-year)

– Equity ratio of 45.1% (December 31, 2016: +6%)

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 as well as plasma systems and systems for non-destructive quality inspections, generated consolidated sales revenues of EUR 23.3 million in the first three months of 2017, up 37% on the same period of the previous year (EUR 17.0 million). Gross profit increased from EUR 3.3 million to EUR 5.2 million. This corresponds to a gross margin of 22.2% (previous year: 19.3%). In the first quarter, EBIT was positive again for the first time in five years and amounted to +EUR 0.6 million (previous year: -EUR 0.7 million). Consolidated net income for the period totaled +EUR 0.8 million (previous year: -EUR 1.2 million).

Incoming orders/order backlog

In the first three months of 2017, incoming orders for the PVA TePla Group amounted to EUR 21.0 million and were higher than the previous year’s level (EUR 17.9 million). As of March 31, 2017, the order backlog amounted to EUR 47.5 million (previous year: EUR 68.7 million).

Net asset situation

Total assets amounted to EUR 91.1 million as of March 31, 2017 compared to EUR 94.7 million as of December 31, 2016. Equity increased to EUR 41.1 million (December 31, 2016: EUR 40.3 million). The equity ratio thus increased to 45.1% (December 31, 2016: 42.5%).

In the first quarter of 2017, cash flow from operating activities significantly increased to EUR 6.2 million as against the end of 2016 (December 31, 2016: -EUR 4.4 million).

Outlook for fiscal year 2017

The company continues to anticipate consolidated sales revenues of EUR 85 million and an EBITDA margin of 6% for fiscal year 2017.

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

For further information, please contact:

Dr. Gert Fisahn

Investor Relations

PVA TePla AG

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

[email protected]

http://www.pvatepla.com

12.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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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