Rise in Revenue and Earnings in the First Nine Months
* Revenue at EUR 78.2 million (previous year: EUR
* EBIT at EUR 5.1 million (previous year: EUR 2.5 million)
* Growth and results targets for 2007
* Capacity expansion on schedule
(Asslar, November 9, 2007) - PVA TePla AG Group, Asslar, realized a
considerable revenue and earning increase during the first nine
months of 2007. Group revenue rose by 47.6% to EUR 78.2 million and
EBIT doubled from EUR 2.5 million in the previous year's period to a
current EUR 5.1 million.
Earnings increased significantly in the Vacuum Systems and Crystal
Growing Systems divisions. The Vacuum Systems division generated a
24.1% higher revenue at EUR 26.3 million (previous year: EUR
21.2 million) than in the previous year's period; at EUR 40.1 million
(previous year: EUR 21.7 million), the Crystal Growing Systems
division made the greatest contribution to Group revenue, and the
Plasma Systems division slightly raised its revenue to EUR
11.7 million (previous year: EUR 10.1 million).
During the third quarter, the operating result clearly increased to a
current EUR 3.3 million as against the previous quarter (Q2 2007: EUR
1.8 million) and amounts to EUR 5.1 million for the first nine months
of 2007 (previous year: EUR 2.5 million). This is equivalent to an
EBIT margin of 6.5% (previous year: 4.8%). Consolidated net income
amounted to EUR 3.0 million (previous year: EUR 1.6 million).
Incoming orders increased to EUR 83.1 million (previous year: EUR
61.4 million). At EUR 33.3 million, the Vacuum Systems division
generated 40.5% more incoming orders (previous year: EUR
23.7 million) in the first nine months. At EUR 36.8 million, the
Crystal Growing Systems division also generated clearly more incoming
orders in the first three quarters of 2007 as against EUR
27.7 million in the corresponding period of the previous year. At EUR
13.1 million, the Plasma Systems division generated 32.3% more
incoming orders in comparison with that of the previous year's period
of EUR 9.9 million.
The PVA TePla Group's liquidity situation remained positive and solid
in the first nine months of 2007. Operating cash flow amounted to
EUR +1.3 million (previous year: EUR +2.7 million).
Cash and cash equivalents amount to EUR 12.8 million (December 31,
2007: EUR 12.1 million).
The capacity expansion of the new factory buildings in Wettenberg
near Giessen is on schedule. The topping out ceremony was celebrated
at the future Company site in September. The product divisions will
be put into operation in phases from November 2007 through end of the
first quarter of 2008.
The Company confirms the forecast for the year as a whole of Group
revenue of around EUR 120 million and an EBIT margin in the range of
5% to 7%.
Further information is available from:
Dr. Gert Fisahn
PVA TePla AG
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PVA TePla AG
Emmeliusstr. 33 Asslar Germany
WKN: 746100; ISIN:
DE0007461006; Index: CDAX, GEX, Prime All Share;
Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime
Standard in Frankfurter Wertpapierbörse,
Freiverkehr in Börse Stuttgart, Freiverkehr in Niedersächsische Börse
Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Düsseldorf;