19.06.2018
PVA TePla AG DE0007461006
DGAP-News: 2018 Annual General Meeting of PVA TePla AG
DGAP-News: PVA TePla AG / Key word(s): AGM/EGM
2018 Annual General Meeting of PVA TePla AG
19.06.2018 / 18:26
The issuer is solely responsible for the content of this announcement.
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The Annual General Meeting of PVA TePla AG, Wettenberg, was held today at
the Giessen Congress Center and led by the Chairman of the Supervisory
Board, Alexander von Witzleben. All items on the agenda were passed with a
large majority, and around 56% of shareholders were in attendance.
Business figures - significant increase in incoming orders
In his presentation to shareholders, CEO Alfred Schopf outlined the business
figures for the past fiscal year. He said that the forecasts for sales
revenues and earnings were fulfilled at EUR 85.3 million and EUR 5.5 million
respectively. Incoming orders and the order backlog more than doubled and
represent the very good prospect for business development in the years to
come. This was mainly driven by large-scale orders in crystal growing, but
other business units also made a positive contribution to incoming orders.
The break-even point and thus the cost structure were kept stable.
Capacity planning and workplace of the future
Oliver Höfer - the Board of Management member responsible for production and
technology - described the capacity planning required in order to execute
the major orders from the semiconductor industry: These orders can be
processed without significant cost increases using flexible working models,
flow production, and pooling and personnel adjustment of capacity with other
subsidiaries or within the Group as a whole. Oliver Höfer then gave a brief
introduction to virtual reality and its significance for production at PVA
TePla. This technology is already in use at the Jena plant and is being
optimized further as a pilot workplace in order to test and integrate the
latest technology there. In addition, the digital transformation has already
made an impact on many areas of work, he said.
Silicon carbide - significant semiconductor material of the future
Alfred Schopf then explained the significance of the semiconductor material
silicon carbide as a key technological development for the future, driven in
particular by the growth of electric mobility. A sharp rise in incoming
orders from a whole range of customers around the world is expected here in
the years to come.
Forecast for fiscal 2018 confirmed
The forecast for the key figures for 2018 was confirmed once again:
Consolidated sales revenues and the operating result (EBITDA) are expected
to be in the order of EUR 94 million and EUR 11 million respectively. Alfred
Schopf explained that incoming orders in 2018 were developing in a very
stable and pleasing manner. At the end of May, the PVA TePla Group's
incoming orders were at around EUR 66 million 90% higher than in the same
period of the previous year. Significant portions of sales revenues will not
be realized until after final acceptance by the customer in the fourth
quarter of this year.
Finally, Alfred Schopf thanked for the excellent work of his predecessor and
company founder Peter Abel, from whom he took over as CEO after the 2017
Annual General Meeting. His strategic vision would have made the company
what it is today: a technology leader that is at home in many important
future markets, offering not only a high order backlog but also an
outstanding business perspective.
In the subsequent general discussion, the questions from shareholders and
shareholder representatives about the company and the items on the agenda
were answered satisfactorily.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel.: +49(0)641/68690-400
[email protected]
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19.06.2018 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
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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, Tradegate Exchange
End of News DGAP News Service
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696869 19.06.2018
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