03.05.2018
Pfeiffer Vacuum Technology AG DE0006916604
DGAP-News: Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum increases sales in the first quarter of 2018 by nearly 25%
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results
Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum increases sales in the first
quarter of 2018 by nearly 25%
03.05.2018 / 11:21
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Pfeiffer Vacuum increases sales in the first quarter of 2018 by nearly 25%
* Sales increase by 24.4% to EUR 170.4 million
* EBIT reaches EUR 27.5 million, adjusted: EUR 29.4 million
* EBIT margin of 16.1%, adjusted: 17.2%
* Incoming orders grow significantly to EUR 194.0 million
Asslar, May 3, 2018. Pfeiffer Vacuum, a leading global manufacturer of
vacuum solutions, exceeded the previous year's record sales in the first
quarter of 2018. Its sales increased by 24.4% to EUR 170.4 million
(previous year: EUR 136.9 million). Of its total sales, EUR 16.0 million
was generated by the companies Nor-Cal Products, ATC and Dreebit, all of
which it acquired in the previous year.
EBIT in the first quarter came to EUR 27.5 million, which was an
increase of 30.0% over the previous year (EUR 21.1 million) and resulted
in an EBIT margin of 16.1% (previous year: 15.4%). Adjusted for PPA
effects, EBIT was EUR 29.4 million (previous year: EUR 21.4 million) and
the EBIT margin was 17.2% (previous year: 15.6%). Incoming orders
totaled EUR 194.0 million, up 32.4% over the previous year's quarter.
EUR 17.0 million of this was attributable to the companies acquired in
2017. The book-to-bill ratio increased to a factor of 1.14 compared with
1.07 in the previous year's quarter and 1.09 in the last quarter of
2017. The order backlog rose significantly to EUR 151.0 million.
Compared to the same period from the previous year, this represents an
increase of 84.4% or 18.5% over the last quarter of 2017.
Overview of key figures:
Q1/2018 Q1/2017* Change
Sales EUR 170.4 million EUR 136.9 million +24.4%
thereof acquisitions EUR 16.0 million EUR 2.1 million
Q1/2018 Q1/2017* Change
EBIT EUR 27.5 million EUR 21.1 million +30.0%
Adjusted EBIT EUR 29.4 million EUR 21.4 million
Net result EUR 19.8 million EUR 14.7 million +34.7%
Earnings per share EUR 2.00 EUR1.49 +34.2%
Incoming orders EUR 194.0 million EUR 146.5 million +32.4%
thereof acquisitions EUR 17.0 million EUR 4.1 million
Order backlog EUR 151.0 million EUR 81.9 million +84.4 %
*Q1 2017 amounts partially adjusted by retroactive PPA allocation for
companies ATC and Dreebit, acquired in 2017
Nathalie Benedikt, CFO of Pfeiffer Vacuum Technology AG, comments on the
positive results in the first quarter of 2018, "As forecast, there was a
clear increase in sales and earnings in the first quarter. At EUR 170.0
million and EUR 27.5 million respectively, our results in the first quarter
were excellent."
All business units reported a gratifying growth in the first quarter of
2018. In terms of markets, Semiconductor achieved outstanding sales of EUR
70.1 million. Business with Coatings, driven primarily by government-funded
growth initiatives in Asia, recorded an increase of 64.3 percent, the most
significant growth in relative terms. Sales in Analytics were up 13.2
percent over the previous year. Product sales to customers in the R&D area
rose 10.4 percent compared with the previous year. Business with Industry
customers recorded an increase in sales of 3.2 percent compared with the
previous year.
In terms of products, turbopumps and backing pumps registered the strongest
increases from purely organic growth in the first quarter. Sales of
instruments and components were outstanding, up 68.7 percent over the
previous year. The Group companies acquired in the previous year accounted
for a significant EUR 14.9 million of total sales of EUR 50.9 million.
Business in Services was pleasantly stable with sales of EUR 27.1 million.
Systems business recorded growth of EUR 1.3 million compared with the
previous year.
In regional terms, Asia was the most significant market, with sales of EUR
66.8 million in the first quarter. Continuing high growth rates resulted in
an increase of 25.7% compared with the previous year. North and South
America recorded the strongest relative growth of 37.6% compared with the
previous year. The companies acquired in 2017 accounted for around 31% of
total sales of EUR 41.2 million in the first quarter. The European market is
the second-biggest market in terms of sales. Sales of EUR 62.4 million in
the first quarter of 2018 were recorded. This equals an increase in sales of
15.9 percent over the previous year.
Dr. Eric Taberlet, CEO of Pfeiffer Vacuum Technology AG, pleased by the
development of business in the first quarter of the year, comments: "The
good sales performance at the start of the year has continued in the first
few weeks of the second quarter. Incoming orders and order backlog are
notably higher than in the previous year's quarters. Major orders were
received at the end of April from two key Asian customers in the market for
coatings, with individual orders in the mid- single- digit million range."
A detailed outlook on the expected business development in 2018 will be
provided for the upcoming Annual General Meeting on May 23, 2018.
Contact
Pfeiffer Vacuum Technology AG
Investor Relations
Dinah Reiss
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
worlds
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 2,900 people and has
worldwide
eight production sites and more than 20 subsidiaries.
For more information, please visit group.pfeiffer-vacuum.com
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The issuer is solely responsible for the content of this announcement.
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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
Indices: TecDAX
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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682063 03.05.2018
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