23.03.2017 Pfeiffer Vacuum Technology AG  DE0006916604

DGAP-News: Pfeiffer Vacuum Technology AG: Announcement of final results for FY 2016


 
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Final Results Pfeiffer Vacuum Technology AG: Announcement of final results for FY 2016 23.03.2017 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PRESS RELEASE Pfeiffer Vacuum posts very successful FY 2016 and expects positive development to continue - EUR 474.2 million total sales - EBIT margin at 14.3 percent - EUR 3.60 dividend proposed - Presentation of the 2020 Strategy - Promising start to FY 2017 Asslar, March 23, 2017. Total sales for FY 2016, which had been preliminarily announced and have meanwhile been audited, amounted to EUR 474.2 million. This represents an increase of 5.0 percent (previous year: EUR 451.5 million). Operating profit (EBIT) came to EUR 68.0 million, marking a significant y-o-y increase of 11.9 percent. The operating profit margin (EBIT margin) for FY 2016 amounted to 14.3 percent and was thus 0.8 percentage points higher than previous year's 13.5 percent. The Management and Supervisory Boards propose a dividend of EUR 3.60 per share (previous year: EUR 3.20). As in the previous year, the payout ratio would thus amount to around 76 percent of consolidated net income. Key figures at a glance: 2016 2015 Change Sales EUR 474,2m EUR 451,5m +5 % Operating profit (EBIT) EUR 68,0m EUR 60,8m +11,9 % Net income EUR 47,0m EUR 41,9m +12,2 % EPS EUR 4,77 EUR 4,25 +12,2 % Dividend per share EUR 3,60* EUR 3,20 +12,5 % Order intake EUR 481,9m EUR 456,9m +5,5 % Order backlog EUR 72,3m EUR 64,7m +11,7 % * Subject to the approval of the Annual General Meeting Pfeiffer Vacuum's order intake for FY 2016 amounted to EUR 481.9 million (previous year: EUR 456.9 million). The book-to-bill ratio - the ratio of order intake to sales - was 1.02 in 2016 (previous year: 1.01). Year-end order backlog amounted to EUR 72.3 million (previous year: EUR 64.7 million). Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, comments: "The fiscal year 2016 was very successful for Pfeiffer Vacuum. We were able to yet again increase our sales and further improve our already good profitability. We did more business with more customers and benefited significantly from the strong, dynamic growth of the Semiconductor and Coating division. In addition, we have improved our structures and processes with the help of GAP. To enable shareholders to participate in this positive development, the Management Board and Supervisory Board will propose a dividend of EUR 3.60 per share at the Annual General Meeting in May." In terms of sales broken down by regions, Europe posted an increase of 1.0 percent to EUR 188.9 million (previous year: EUR 187.0 million). Sales in Asia rose significantly by 15.2 percent to EUR 174.6 million (previous year: EUR 151.5 million). In North and South America, sales dipped slightly by 1.7 percent to EUR 110.5 million (previous year: EUR 112.4 million). Sales of turbo pumps remained virtually unchanged at EUR 144.5 million (previous year: EUR 144.8 million). Sales of backing pumps increased by 12.3 percent to EUR 115.0 million (previous year: EUR 102.4 million). Business with instruments and components grew by 6.8 percent to EUR 105.5 million (previous year: EUR 98.8 million). Service revenues rose by 3.1 percent to EUR 99.7 million (previous year: EUR 96.7 million). Systems sales amounted to EUR 9.5 million after EUR 8.8 million in the previous year. All market segments exhibited growth in the past fiscal year: The Semiconductor market generated sales of EUR 154.7 million (previous year: EUR 139.9 million). This represents a substantial increase of 10.7 percent. In the heterogeneous market segment Industry, sales climbed slightly by 0.7 percent to EUR 115.9 million (previous year: EUR 115.0 million). Sales in the Analytics market segment were up 0.4 percent, increasing to EUR 92.1 million (previous year: EUR 91.7 million). In the Research & Development market, sales rose to EUR 56.1 million (previous year: EUR 55.6 million). With a strong 12.3 percent growth rate, Coating sales come to EUR 55.4 million (previous year: EUR 49.3 million). Gross profit for the reporting period amounted to EUR 180.5 million (previous year: EUR 175.5 million). The gross profit margin in the past year decreased by 0.8 percentage points to 38.1 percent (previous year: 38.9 percent). Operating profit (EBIT) amounted to EUR 68.0 million. This was 11.9 percent above the previous year's figure of EUR 60.8 million. This corresponds to an operating margin (EBIT margin) of 14.3 percent (previous year: 13.5 percent). The financial result amounted to EUR -0.4 million (previous year: EUR -0.3 million) and the tax rate amounted to 30.4 percent (previous year: 30.7 percent). Net income therefore totaled 47.0 million EUR. This represents an increase of 12.2 percent (previous year: 41.9 million EUR). Earnings per share amounted to a record EUR 4.77, representing an increase of 12.2 percent (previous year: EUR 4.25). Despite paying out a high dividend for FY 2015, Pfeiffer Vacuum was able to increase its net cash position to EUR 109.8 million as at December 31, 2016 (previous year: EUR 94.7 million). The equity ratio rose to 68.7 percent (previous year: 67.3 percent). On top of that, Pfeiffer Vacuum has attractive growth prospects: Strategy 2020 The past fiscal year's outstanding results clearly demonstrate that Pfeiffer Vacuum is already very well positioned today. With its very attractive, high-margin portfolio mix, the company also offers sustainable long-term prospects to its shareholders. In addition, the two business units are at excellent vantage points to realize the potential for growth in the vacuum industry and benefit from global growth trends. The company will concentrate on putting the 2020 strategy into practice to continue developing Pfeiffer Vacuum successfully and in its shareholders' best interests. This strategy prioritizes profitability and growth, of which the GAP program is a key driver. GAP program continues Since 2015, Pfeiffer Vacuum has been creating the prerequisites for increased profitable growth with GAP. Its key measures will be implemented by the end of 2017. The following GAP measures contributed to the very good result in the past fiscal year: - stronger focus on key accounts, especially in Asia, - in-depth analysis and optimization of the entire supply chain, and - the creation of competence centers for individual products at specific locations. The contribution to earnings resulting from GAP for FY 2016 amounted to EUR 2.5 million, which represents an improvement of the EBIT margin of around 0.5 percentage points. This means that more than half of the margin increase was attributable to GAP. The contribution to earnings in the current financial year is expected to increase to EUR 3 to 4 million. In the course of putting GAP into practice, the company identified a number of other key measures to be implemented in the course of the next few years. GAP Reloaded will take advantage of the internal structures and processes established by the original GAP program to tap further potential within the company. Pfeiffer Vacuum expects GAP Reloaded to contribute between EUR 5 and 7 million, respectively, to earnings in 2018 and 2019. Further use of financial strength for acquisitions Another key element of the 2020 Strategy is growth through selected acquisitions. Pfeiffer Vacuum will therefore continue to actively leverage its financial strength for attractive acquisitions and play a key role in the vacuum industry's consolidation. Pfeiffer Vacuum had already taken over two exciting enterprises, the service company Dreebit and ATC for the leak detection division, at the beginning of this fiscal year. Dreebit is to be an integral component of Pfeiffer Vacuum's future service strategy which aims to meet customers' needs for excellent and comprehensive service. This constitutes a clear and attractive growth market. Together with ATC and its alternative technologies and new applications, Pfeiffer Vacuum will also establish itself as a market leader in non-destructive testing. Dreebit and ATC are to be rapidly integrated in the course of the current fiscal year. Failed takeover bid by Busch Group, further options under review Pfeiffer Vacuum expressly welcomes the termination of the takeover bid. This is good news for Pfeiffer Vacuum and its shareholders. The estimation of Pfeiffer Vacuum's management from the outset was that the Busch Group aimed to gain active control over Pfeiffer Vacuum with the takeover offer, albeit without being prepared to pay a customary and appropriate takeover premium. What is more, Busch failed to present a plan outlining the scope for a potential collaboration with Pfeiffer Vacuum. In addition to further developing Pfeiffer Vacuum as an autonomous and independent company through major acquisitions and implementing the 2020 Strategy, the company will also examine further options in order to enable shareholders to participate accordingly in Pfeiffer Vacuum's value potential and decide for themselves what the future of their company should be. Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, comments: "The termination of the takeover offer has markedly improved our scope for action. However, there is still the concern that Busch will bring about resolutions at our Annual General Meeting on May 23 that are clearly directed against the interests of the company and its shareholders. In the weeks and months ahead, we will therefore be calling on our shareholders to determine the further course of their company with a high attendance at the Annual General Meeting and prevent a minority shareholder from depriving them of options to achieve the returns befitting the company." Outlook 2017 Pfeiffer Vacuum is very satisfied with the first months of the new year. The company has been able to carry 2016's successful developments over to this fiscal year. Year-to-date order intake is around 20 percent higher than it was last year. Pfeiffer Vacuum expects this positive trend to continue at least until the middle of the year and FY 2017 sales to increase significantly compared to FY 2016. The operating result (EBIT) should rise accordingly. As it stands today, Pfeiffer Vacuum has every reason to believe these positive developments will also continue into 2018. Contact Pfeiffer Vacuum Technology AG Investor Relations Eerik Budarz T +49 6441 802 1346 F +49 6441 802 1365 [email protected] About Pfeiffer Vacuum Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world's leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,400 people and has more than 20 subsidiaries. For more information, please visit group.pfeiffer-vacuum.com --------------------------------------------------------------------------- 23.03.2017 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: 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 557181 23.03.2017


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 586,96 659,73 632,87 618,67 771,37 916,71 950,00
EBITDA1,2 92,21 113,72 89,38 66,20 114,00 150,60 148,00
EBITDA-Marge3 15,71 17,24 14,12 10,70 14,78 16,43
EBIT1,4 71,39 95,13 65,15 45,30 93,09 119,37 114,00
EBIT-Marge5 12,16 14,42 10,29 7,32 12,07 13,02 12,00
Jahresüberschuss1 53,85 68,88 48,36 31,59 61,99 86,35 78,00
Netto-Marge6 9,17 10,44 7,64 5,11 8,04 9,42 8,21
Cashflow1,7 71,40 62,55 65,38 59,19 91,58 46,96 0,00
Ergebnis je Aktie8 5,47 6,98 4,90 3,20 6,28 8,75 7,90
Dividende8 2,00 2,30 1,25 1,60 4,08 0,11 3,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
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Pfeiffer Vacuum
WKN Kurs in € Einschätzung Börsenwert in Mio. €
691660 156,000 Kaufen 1.539,35
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,51 25,79 0,64 27,81
KBV KCV KUV EV/EBITDA
2,63 32,78 1,68 10,66
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,11 7,32 4,69 05.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.08.2024 02.11.2023 25.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,26% 3,15% 1,17% 1,96%
    
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