DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Half Year Results Pfeiffer Vacuum Technology AG: Announcement of H1/2014 results 05.08.2014 / 07:30 --------------------------------------------------------------------- PRESS RELEASE Pfeiffer Vacuum announces results for H1/2014 - Q2 sales on similar level as prior year's quarter - H1/2014 EBIT margin at 10.4 percent - Guidance for FY 2014 confirmed Asslar, August 5, 2014. Pfeiffer Vacuum generated sales of EUR 198.1 million during the first six months of 2014 during which an EBIT margin of 10.4 percent was achieved. This result is broadly in line with management's expectations communicated at the AGM. The figures at a glance:

                                   H1/2014            H1/2013        change

                  Sales         EUR 198.1m         EUR 200.0m         -0.9%
Operating profit (EBIT)          EUR 20.6m          EUR 21.3m         -3.4%
             Net income          EUR 13.9m          EUR 14.4m         -3.5%
     Earnings per share           EUR 1.41           EUR 1.46         -3.4%

           Order intake         EUR 195.9m         EUR 205.6m         -4.7%
          Order backlog          EUR 58.8m          EUR 77.4m        -24.0%

                                  Q2/2014            Q2/2013        change

                  Sales         EUR 99.6m         EUR 100.0m         -0.4%
Operating profit (EBIT)         EUR 10.4m          EUR 10.2m         +1.9%
             Net income          EUR 7.1m           EUR 6.9m         +2.3%
     Earnings per share          EUR 0.72           EUR 0.70         +2.9%

           Order intake         EUR 95.2m         EUR 101.5m         -6.2%

"As expected, the second quarter's sales and profit were on a comparable level as the prior year's quarter ", says Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "The semiconductor business has been recovering gradually. Sales in this segment were able to be increased sequentially in the second quarter. We expect this trend to accelerate further in the second half of 2014. During this time the sales with turbopumps should also be able to be increased." Bender explains further: "This should lead to an improvement of the gross profit margin which at 34.5 percent was somewhat lower due to the product mix." "During the first half of 2014 we have achieved an operating cash flow of EUR 15.1 million. Following the dividend payment of EUR 26.1 million our liquid assets amounted to EUR 78.3 million and surpassed our financial liabilities of EUR 41.4 million - meaning that we maintain a net cash position." CEO Bender continues: "Concerning our full-year result for 2014, the cyclicality continues to make it difficult to give a precise forecast. Management continues to expect full-year sales in a range between EUR 410 and EUR 440 million. This is expected to coincide with an improvement of the EBIT margin." The development of sales in the various markets was heterogeneous. This remains true for the market segments as well as the geographical sales split: The distribution of sales by market segment showed a 6.8 percent increase in semiconductor to EUR 57.6 million (H1/2013: EUR 53.9 million). Sales in the industry segment decreased 2.8 percent to EUR 54.4 million (H1/2013: EUR 56.0 million). The analytics segment declined 6.4 percent to EUR 35.6 million (H1/2013: EUR 38.0 million). The sales contribution from the research and development remained constant at EUR 27.1 million (H1/2013: EUR 27.1 million) and sales in the coating market segment contracted by 5.7 percent to EUR 23.5 million in the reported period (H1/2013: EUR 24.9 million). In Europe, sales remained nearly unchanged at EUR 89.8 million in the first half of 2014 (H1/2013: EUR 90.4 million). Sales in Asia decreased 5.3 percent in the reported period to EUR 64.2 million (H1/2013: EUR 67.8 million). In the Americas an increase of 5.6 percent was able to be realized, hence taking the sales figure to EUR 43.8 million (H1/2013: EUR 41.5 million). Concerning product sales, the service business remained rather constant at EUR 40.8 million (H1/2013: EUR 40.9 million). This was also the case for sales with instruments and components which amounted to EUR 48.8 million (H1/2013: EUR 48.8 million). In contrast, backing pump sales experienced an increase of 2.7 percent to EUR 45.1 million (H1/2013: EUR 43.9 million). The decline in turbopump sales amounted to 7.4 percent which took the figure to EUR 57.3 million (H1/2013: EUR 61.9 million); in systems, sales increased 38.7 percent to EUR 6.2 million (H1/2013: EUR 4.5 million). New orders in the first half of 2014 totaled EUR 195.9 million and were hence down 4.7 percent versus the previous corresponding figure (H1/2013: EUR 205.6 million). The book-to-bill ratio, the ratio of order intake to sales, was 0.99 for the period (H1/2013: 1.03). The company's order backlog of EUR 58.8 million on June 30, 2014, was 24.0 percent lower than the corresponding figure a year earlier (June 30, 2013: EUR 77.4 million). Pfeiffer Vacuum's H1/2014 gross profit margin decreased by 0.7 percentage points to 35.5 percent (H1/2013: 36.2 percent). The period's operating profit of EUR 20.6 million was 3.4 percent below the prior year's corresponding figure (H1/2013: EUR 21.3 million). This resulted in an EBIT margin of 10.4 percent (H1/2013: 10.7 percent). Net income amounted to EUR 13.9 million and thus was 3.5 percent lower than a year earlier (H1/2013: EUR 14.4 million). This translated to earnings per share of EUR 1.41 for the reported first six months of 2014 (H1/2013: EUR 1.46). Attachments: Income statement, balance sheet and cash flow statement 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 2,250 people and has more than 20 subsidiaries. For more information, please visit www.pfeiffer-vacuum.com --------------------------------------------------------------------- 05.08.2014 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: 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 280685 05.08.2014