15.02.2017
Pfeiffer Vacuum Technology AG DE0006916604
DGAP-News: Pfeiffer Vacuum Technology AG: Announcement of preliminary results for FY 2016
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Preliminary Results
Pfeiffer Vacuum Technology AG: Announcement of preliminary results for FY
2016
15.02.2017 / 07:30
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Pfeiffer Vacuum reports on successful financial year 2016 and expects
strong first half 2017
- Sales amount to EUR 474.2 million
- EBIT at EUR 68.0 million
- Order intake at EUR 481.9 million
- Acquisitions to strengthen service offering and leak detection business
- Offer of the Busch Group not attractive
Asslar, February 15, 2017. Pfeiffer Vacuum today announced preliminary
figures for FY 2016. According to unaudited figures, sales amounted to EUR
474.2 million, an increase of 5.0 percent over the previous year (EUR 451.5
million) and surpassing its sales guidance of EUR 470 million, concluding
one of most successful years in the company's history. EBIT increased by
12 percent to EUR 68.0 million (prior year: EUR 60.8 million), taking the
EBIT margin to 14.3 percent (prior year: 13.5 percent). Pfeiffer Vacuum's
order intake for FY 2016 amounted to EUR 481.9 million (prior year: EUR
456.9 million), and the company's book-to-bill ratio, the ratio of order
intake to sales, was 1.02 in 2016 (prior year: 1.01). Year-end FY 2016
order backlog amounted to EUR 72.3 million (prior year: EUR 64.7 million).
Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, commented: "Strong
incoming orders at the end of the year transformed 2016 into a very good
year. We are also highly satisfied with the start of the 2017 fiscal year.
We expect the positive trend of the past months to continue at least for
the first six months of 2017."
Pfeiffer Vacuum recently expanded its investment portfolio with two
acquisitions, including the purchase of 100 percent of Dresden-based
Dreebit GmbH, of which it previously owned 24.9 percent. Pfeiffer Vacuum
will continue focusing on service, a growth segment currently accounting
for roughly 22 percent of group sales and increasingly becoming an
important selling point for Pfeiffer Vacuum's customers. Dreebit is
renowned for its high process and service quality and set to form a key
component of Pfeiffer Vacuum's future service strategy. Pfeiffer Vacuum
also acquired 100 percent of ATC Inc. which is based in Indianapolis, USA,
in order to further expand its legacy leak detection product portfolio.
With access to alternative technologies and new applications, Pfeiffer
Vacuum is set to become the market leader in the field of non-destructive
testing, a highly attractive and high-margin business even prior to
potential synergies generated in the course of further expansion.
Pending a detailed review of the offer document published on February 13,
2017, by the Busch Group and the issuance of a reasoned opinion, the
Management Board of Pfeiffer Vacuum Technology AG has made an initial
assessment.
The Management Board of Pfeiffer Vacuum understands the Busch Group as
intending to actively control and possibly integrate Pfeiffer Vacuum
without offering a customary control premium. In addition, the offer does
not reflect the growth potential in the vacuum industry, which the Busch
Group itself had previously identified. As such, the Management Board
considers the offer as inadequate. As of today, the Management Board
therefore cannot recommend the acceptance of the offer to its shareholders.
The Board is currently reviewing other options to ensure that Pfeiffer
Vacuum shareholders can appropriately participate in the long-term
development of the company.
In any case, the Management Board recommends that shareholders postpone
their decision on a possible acceptance of the offer until the Management
Board and Supervisory Board issue reasoned opinions or a joint statement.
The complete audited results will be announced by the company on the day of
the financial press conference, March 23, 2017.
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 www.group.pfeiffer-vacuum.com
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15.02.2017 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.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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
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544535 15.02.2017
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