DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results/9-month figures Pfeiffer Vacuum Technology AG: Announcement of 9M/2014 results 04.11.2014 / 07:30 --------------------------------------------------------------------- PRESS RELEASE Pfeiffer Vacuum announces results for 9M/2014 - 9M/2014 sales on similar level as in prior year - 9M/2014 EBIT margin at 10.7 percent - Guidance for FY 2014 confirmed - sales expected at lower end of range Asslar, November 4, 2014. Pfeiffer Vacuum generated sales of EUR 296.4 million during the first nine months of 2014 during which an EBIT margin of 10.7 percent was achieved. This result is broadly in line with management's expectations communicated at the AGM. The figures at a glance:

                                   9M/2014            9M/2013        change

                  Sales         EUR 296.4m         EUR 299.8m         -1.1%
Operating profit (EBIT)          EUR 31.6m          EUR 36.2m        -12.7%
             Net income          EUR 21.3m          EUR 24.4m        -12.6%
     Earnings per share           EUR 2.16           EUR 2.47        -12.6%

           Order intake         EUR 295.2m         EUR 309.5m         -4.6%
          Order backlog          EUR 59.8m          EUR 81.5m        -26.6%

                                  Q3/2014            Q3/2013        change

                  Sales         EUR 98.2m          EUR 99.9m         -1.6%
Operating profit (EBIT)         EUR 11.0m          EUR 14.9m        -26.0%
             Net income          EUR 7.4m          EUR 10.0m        -25.7%
     Earnings per share          EUR 0.75           EUR 1.01        -25.7%

           Order intake         EUR 99.3m         EUR 103.9m         -4.4%

"Sales after nine months were on a comparable level as in the prior year's period. The EBIT margin we achieved with the reported volume amounted to 10.7 percent", says Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "We are glad to see our Analytics segment having strongly recovered from its comparative weakness in the prior few quarters. We also continue to expect an ongoing recovery of the Semiconductor segment. The Coating segment has been gaining momentum and we expect this to generally remain the case moving into 2015." Bender explains further: "Despite the current general economic uncertainties, these developments lead to positive expectations for the quarters to come." "During the first nine months of 2014 we have achieved an operating cash flow of EUR 27.3 million. Following the dividend payment of EUR 26.1 million our liquid assets amounted to EUR 88.1 million and surpassed our financial liabilities of EUR 41.4 million - meaning that we maintain a net cash position." CEO Bender continues: "Concerning the full-year result for 2014, management expects sales to materialize at the bottom end of the previously communicated range between EUR 410 million and EUR 440 million. This is expected to coincide with a slight 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 1.7 percent increase in semiconductor to EUR 84.1 million (9M/2013: EUR 82.7 million). Sales in the industry segment stagnated at EUR 80.1 million (9M/2013: EUR 80.0 million). The analytics segment declined 5.6 percent to EUR 56.4 million (9M/2013: EUR 59.8 million). The sales contribution from the research and development decreased 2.1 percent to EUR 39.4 million (9M/2013: EUR 40.2 million) and sales in the coating market segment contracted by 2.1 percent to EUR 36.4 million in the reported period (9M/2013: EUR 37.2 million). In Europe, sales declined by 2.4 percent to EUR 134.7 million in the first nine months of 2014 (9M/2013: EUR 138.0 million). Sales in Asia decreased 6.5 percent in the reported period to EUR 94.4 million (9M/2013: EUR 100.9 million). In the Americas an increase of 10.8 percent was realized, hence taking the sales figure to EUR 66.7 million (9M/2013: EUR 60.2 million). Concerning product sales, the service business grew by 2.3 percent to EUR 62.3 million (9M/2013: EUR 60.8 million). Sales with instruments and components which amounted to EUR 70.5 million were down 4.5 percent in the reported period (9M/2013: EUR 73.8 million). In contrast, backing pump sales experienced an increase of 1.7 percent to EUR 65.6 million (9M/2013: EUR 64.5 million). The decline in turbopump sales amounted to 4.1 percent and took the figure to EUR 89.7 million (9M/2013: EUR 93.5 million); in systems, sales increased 16.5 percent to EUR 8.4 million (9M/2013: EUR 7.2 million). New orders in the first nine months of 2014 totaled EUR 295.2 million and were hence down 4.6 percent versus the previous corresponding figure (9M/2013: EUR 309.5 million). The book-to-bill ratio, the ratio of order intake to sales, was 1.00 for the period (9M/2013: 1.03). The company's order backlog of EUR 59.8 million on September 30, 2014, was 26.6 percent lower than the corresponding figure a year earlier (September 30, 2013: EUR 81.5 million). Pfeiffer Vacuum's 9M/2014 gross profit margin decreased by 1.8 percentage points to 35.1 percent (9M/2013: 36.9 percent). The period's operating profit of EUR 31.6 million was 12.7 percent below the prior year's corresponding figure (9M/2013: EUR 36.2 million). This resulted in an EBIT margin of 10.7 percent (9M/2013: 12.1 percent). Net income amounted to EUR 21.3 million and thus was 12.6 percent lower than a year earlier (9M/2013: EUR 24.4 million). This translated to earnings per share of EUR 2.16 for the reported first nine months of 2014 (9M/2013: EUR 2.47). Personnel matter The Supervisory Board has relieved CFO Nathalie Benedikt of her duties during its ordinary meeting on November 3, 2014. 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 --------------------------------------------------------------------- 04.11.2014 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 --------------------------------------------------------------------- 294785 04.11.2014