DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results Pfeiffer Vacuum Technology AG: Announcement of Q1/2014 results 06.05.2014 / 07:28 --------------------------------------------------------------------- PRESS RELEASE Pfeiffer Vacuum announces results for Q1/2014 - Sales approximately on prior-year level - EBIT margin at 10.4 percent - Order intake expectedly higher than in Q4/2013 Asslar, May 6, 2014. Pfeiffer Vacuum generated sales of EUR 98.6 million during the first quarter of 2014 during which an EBIT margin of 10.4 percent was achieved. The result is broadly in line with our previous expectations. The figures at a glance:

                                   Q1/2014            Q1/2013        change

                  Sales          EUR 98.6m         EUR 100.0m         -1.4%
Operating profit (EBIT)          EUR 10.2m          EUR 11.1m         -8.2%
             Net income           EUR 6.9m           EUR 7.5m         -8.9%
     Earnings per share           EUR 0.70           EUR 0.76         -7.9%

           Order intake         EUR 100.7m         EUR 104.1m         -3.3%
          Order backlog          EUR 63.1m          EUR 75.9m        -16.9%

"As expected sales in the first quarter were roughly on the same level as last year's quarter, the EBIT margin was slightly lower due to FX effects", comments Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "While order intake during the first quarter was 3 percent lower than in the prior year quarter, it showed an improvement of 14 percent compared to the fourth quarter of 2013." Bender explains further: "Due to the timing of various customer projects we continue to expect higher sales and an improved EBIT margin in the second half of the year. We also see potential beyond 2014 especially in the semiconductor and coating market segments." The development of sales in the various market segments and regions was once again a mixed picture: The distribution of sales by market segment showed a 9 percent increase in semiconductor to EUR 28.3 million (Q1/2013: EUR 26.0 million). Sales in the industry segment decreased 2 percent to EUR 27.1 million (Q1/2013: EUR 27.7 million). A similar development was witnessed in analytics where sales declined 6 percent to EUR 18.6 million (Q1/2013: EUR 19.9 million). The sales contribution from the research and development segment diminished 10 percent to EUR 12.3 million (Q1/2013: EUR 13.6 million), while the coating market segment's sales fell by 4 percent to also EUR 12.3 million in the period reported (Q1/2013: EUR 12.8 million). In Europe, sales in the first quarter of 2014 were virtually unchanged at EUR 46.6 million (Q1/2013: EUR 46.9 million). Sales in Asia increased one percent to EUR 31.7 million (Q1/2013: EUR 31.4 million) during the stated period, while the Americas experienced a sales decline of 7 percent - leading to a figure of EUR 20.0 million (Q1/2013: EUR 21.5 million). Concerning product sales, the service business showed a slight decline of one percent to EUR 20.4 million (Q1/2013: EUR 20.7 million). Backing pump sales experienced a decline of 4 percent to EUR 21.0 million (Q1/2013: EUR 21.9 million). Sales of instruments and components stagnated at EUR 24.1 million (Q1/2013: EUR 24.1 million). The decline in turbopump sales amounted to 2 percent which led to a figure of EUR 31.1 million (Q1/2013: EUR 31.8 million); in systems, sales grew by 18 percent to EUR 1.9 million (Q1/2013: EUR 1.6 million). Order intake in the first quarter of 2014 totaled EUR 100.7 million and was hence down 3 percent versus the previous year's corresponding figure (Q1/2013: EUR 104.1 million). Compared to the prior quarter, however, this translated to an increase of 14 percent (Q4/2013: EUR 88.5 million). The book-to-bill ratio, the ratio of order intake to sales, was at 1.02 for the year through March 31, 2014 (March 31, 2013: 1.04). The order backlog of EUR 63.1 million on stated date was 17 percent below the corresponding figure a year earlier (March 31, 2013: EUR 75.9 million). In spite of the 1.4 percent downturn in group sales, Pfeiffer Vacuum's gross profit margin rose by 0.9 percentage points to 36.5 percent in the first quarter of 2014 (Q1/2013: 35.6 percent). The period's operating profit of EUR 10.2 million was 8.2 percent below the prior year's relevant figure (Q1/2013: EUR 11.1 million). This resulted in an EBIT margin of 10.4 percent (Q1/2013: 11.1 percent). Net income was 8.9 percent lower at EUR 6.9 million (Q1/2013: EUR 7.5 million) and translated to earnings per share of EUR 0.70 for the reported first quarter of 2014 (Q1/2013: EUR 0.76). Attachments: Income statement, balance sheet and cash flow statement 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 2,200 people and has more than 20 subsidiaries. For more information, please visit www.pfeiffer-vacuum.com End of Corporate News --------------------------------------------------------------------- 06.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 266484 06.05.2014