10.08.2018
PVA TePla AG DE0007461006
DGAP-News: PVA TePla AG: Publication of 2018 half-year report
DGAP-News: PVA TePla AG / Key word(s): Half Year Results
PVA TePla AG: Publication of 2018 half-year report
10.08.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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PVA TePla: Publication of 2018 half-year report
- Sales revenue/EBITDA in line with planning
- Incoming orders of EUR 76.5 million (up 68%)
- Order backlog of EUR 171.1 million (230%)
- Forecast for year confirmed: Sales revenue of EUR 94 million, EBITDA of
EUR 11 million
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 revenue of EUR 38.2 million (previous year: EUR 43.6 million)
and EBITDA of EUR 2.0 million (previous year: EUR 2.6 million) in the first
half of 2018. It should be noted as regards revenue recognition in the first
half of 2018 that the new IFRS 15 no longer allows the recognition of some
revenue from ongoing contracts to the original extent. Had the previous
accounting requirements of IAS 11 and IAS 18 been applied as of June 30, the
PVA TePla AG would have recognized a further EUR 5.4 million in revenue and
an additional EBITDA of EUR 1.5 million.
Incoming orders and order backlog
Incoming grew significantly year-on-year to EUR 76.5 million as of June 30,
2018 (EUR 45.6 million). Both Industrial Systems and Semiconductor Systems
contributed to the increase in incoming orders. In particular, the crystal
growing systems business unit again performed very well and accounted for
50% of total order intake in the Semiconductor Systems division. Orders in
the ultrasound measuring systems business unit were almost 50% higher than
in the same period of the previous. The book-to-bill ratio is 2.00 (previous
year: 1.05). The order backlog more than tripled year-on-year to EUR 171.1
million as of June 30, 2018 (EUR 51.7 million).
Liquidity
The operating cash flow amounted to EUR -12.6 million in the first six
months of 2018 (H1 2017 [previous year]: EUR 10.2 million). This includes
EUR 6 million in cash and cash equivalents that were invested in short-term
investments and are not reported as cash equivalents. In addition, the PVA
TePla Group received significant advance payments for major orders in fiscal
2017. These payments are now gradually being used for the production of
these systems. The net financial position (cash and cash equivalents less
current and non-current financial liabilities) was EUR 15.9 million
(previous year: EUR 0.8 million).
Outlook for fiscal 2018
The Management Board is forecasting consolidated revenue in the scale of EUR
94 million for the current fiscal year with EBITDA in the scale of EUR 11.0
million.
The half-year report is now available to download on the company's website
www.pvatepla.com.
For further information, please contact:
Contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel: +49(0)641/68690-400
[email protected]
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10.08.2018 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.
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Financial/Corporate News and Press Releases.
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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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712787 10.08.2018
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