26.03.2015
PVA TePla AG DE0007461006
DGAP-News: PVA TePla AG: Publication of the 2014 annual report and outlook for 2015
DGAP-News: PVA TePla AG / Key word(s): Final Results
PVA TePla AG: Publication of the 2014 annual report and outlook for
2015
26.03.2015 / 08:00
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PVA TePla: Publication of the 2014 annual report
and outlook for 2015
Review of fiscal year 2014:
- Consolidated sales revenues of EUR 71.9 million (previous year: EUR
64.1 million)
- Incoming orders of EUR 67.2 million (previous year: EUR 80.1 million)
- EBIT of EUR -6.3 million (previous year: EUR -9.5 million)
- Equity ratio of 43.6% (previous year: 54.5%)
PVA TePla AG, Wettenberg, Germany, a manufacturer of systems for the
production of
industrial crystals, vacuum and high-temperature systems as well as plasma
systems and systems for non-destructive quality inspections, generated
consolidated sales revenues of EUR 71.9 million and operating earnings
(EBIT) of EUR -6.3 million in 2014. After setbacks in the Solar sub-market,
the company initiated a far-reaching process of change and extensive
cost-saving measures. For this reason, the result was negatively impacted
by extraordinary effects of EUR 4.0 million. These extraordinary effects
were largely impairment losses for projects in the Solar area and Russia
that were not realized as well as costs related to the personnel measures
and restructuring of the corporate group.
In fiscal year 2014, the order income amounted to EUR 67.2 million
(previous year: EUR 80.1 million). This decline - EUR 27.3 million compared
to EUR 46.7 million - is due primarily to the weak hard metals market in
the Industrial Systems division. In 2014, the Semiconductor Systems
division recorded incoming orders of EUR 39.9 million, up on the
previous-year figure of EUR 34.4 million. The global semiconductor markets
posted increasing equipment investments in 2014, something from which the
PVA TePla Group also benefited. Particularly in the Crystal-growing Systems
business unit for the semiconductor industry, higher investment propensity
was evident, particularly for 300mm technology.
As at December 31, 2014, total assets amounted to EUR 89.0 million
(previous year: EUR 92.4 million). Due to the net loss for the year of EUR
10.0 million (previous year: net loss EUR 7.4 million) and due to changes
in pension obligations recognized directly in equity of EUR -1.7 million,
equity declined to EUR 38.8 million (previous year: EUR 50.3 million). The
equity ratio fell from 54.5% to 43.6%.
Operating cash flow was EUR -4.5 million in fiscal year 2014 (previous
year: EUR +1.8 million). As at December 31, 2014, cash and cash equivalents
amounted to EUR 5.8 million (previous year: EUR 6.6 million).
The annual report is now available to download on the company's website
www.pvatepla.com. A press conference and analysts' meeting to comment on
the past fiscal year and the prospects for further development will be held
in Frankfurt on March 27, 2015.
Outlook for fiscal year 2015: Turnaround planned
Taking account of the fact that extensive restructuring measures and a
re-organization of the corporate Group effectively from January 1, 2015,
the management anticipates moving out of loss-making territory in 2015. For
the Industrial Systems division, sales revenues approximately at the level
of the previous year are expected in fiscal year 2015. Sales revenues in
the Semiconductor Systems division are expected to
be higher than those in fiscal year 2014 by a figure in single-digit
millions on the basis of the anticipated positive trend on the
semiconductor market and the higher order backlog. From today's perspective
and in view of an order backlog of EUR 37.9 million as at December 31, 2014
and the fact that orders received for series production and project
business in the first half of 2015 are still to have an impact on sales
revenues and earnings, we are expecting consolidated sales revenues of EUR
70 million to EUR 80 million and EBIT on the scale of a balanced result for
fiscal year 2015.
For further information please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Phone: +49(0)641/68690-400
[email protected]
www.pvatepla.com
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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
End of News DGAP News-Service
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