09.05.2018
PVA TePla AG DE0007461006
DGAP-News: PVA TePla Publishes Interim Statement as at March 31, 2018
DGAP-News: PVA TePla AG / Key word(s): Quarterly / Interim Statement
PVA TePla Publishes Interim Statement as at March 31, 2018
09.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
PVA TePla Publishes Interim Statement as at March 31, 2018
- Incoming orders have virtually doubled
- Order backlog has tripled
- Significant improvement in the gross margin and the operating result
The first quarter shows that we are on track to achieve the targets that
have been set for the current fiscal year. Incoming orders for the PVA TePla
Group continued to develop very well in the first quarter, nearly doubling
year-on-year. Sales revenues were down on the previous year in preparation
for the increase in production in the Semiconductor Systems division.
Nevertheless, we were able to significantly improve gross margins.
Incoming orders and order backlog
Incoming orders for the PVA TePla Group also progressed very satisfactorily
in the first quarter of 2018. At EUR 39.0 million, incoming orders virtually
doubled set against the EUR 21.0 million from the same period the previous
year.
Contributing EUR 28.8 million (previous year: EUR 15 million), the
Semiconductor Systems division accounted for the largest share of incoming
orders. Incoming orders in the Industrial Systems business unit amounted to
EUR 10.2 million in the first quarter of 2018, also well up on the previous
year's figure of EUR 6.0 million. The book-to-bill-ratio was 2.0 (previous
year: 0.9).
Sales revenues and result
The PVA TePla Group, Wettenberg, a manufacturer of systems for the
production of industrial crystals, vacuum and high-temperature systems,
plasma systems and systems for non-destructive quality inspection, generated
consolidated sales revenues of EUR 19.1 million (March 31, 2017 [previous
year]: EUR 23.3 million). The decline in sales revenues was due to the
extensive production preparations for major orders received, which will be
recognized in the fourth quarter of 2018 and especially in 2019 and 2020.
The EBITDA was at EUR 1.2 million (previous year: EUR 1.1 million). The
EBITDA margin was 6.4% (previous year: 4.9%). The operating result (EBIT)
totaled EUR 0.6 million as in the same period the previous year. The EBIT
margin was 3.3% (previous year: 2.5%).
Equity and total assets
Equity of EUR 44.9 million and total assets of EUR 119.0 million have
remained almost unchanged since December 31, 2017.
Liquidity
At EUR 19.0 million, the liquidity situation of the PVA TePla Group remains
very positive. The net financial position (surplus of current and
non-current financial liabilities over cash and cash equivalents) amounted
to EUR +15.8 million at March 31, 2018 (March 31, 2017: EUR -3.0 million).
In addition, other current receivables include EUR 6.0 million, which under
IFRS may not be shown as cash equivalents.
Forecast for fiscal 2018 confirmed
The Management Board of PVA TePla AG confirms the previous forecast for the
2018 business performance and thus anticipates consolidated sales revenues
of around EUR 94 million and an operating result (EBITDA) at a level of EUR
11 million.
The interim statement is now available to download from the company's
website at www.pvatepla.com.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel.: +49(0)641/68690-400
[email protected]
www.pvatepla.com
---------------------------------------------------------------------------
09.05.2018 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.
Archive at www.dgap.de
---------------------------------------------------------------------------
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, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
683873 09.05.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
PVA TePla AG ISIN: DE0007461006 können Sie bei EQS abrufen
Spezialmaschinenbau , 746100 , TPE , XETR:TPE