22.05.2014
Pfeiffer Vacuum Technology AG DE0006916604
DGAP-News: Pfeiffer Vacuum Technology AG: Harmonious AGM in Wetzlar
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): AGM/EGM
Pfeiffer Vacuum Technology AG: Harmonious AGM in Wetzlar
22.05.2014 / 17:49
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PRESS RELEASE
Harmonious Annual General Meeting at Pfeiffer Vacuum in Wetzlar
- Vast majority of voting shareholders approve all agenda items
- Dividend for 2013 to amount to EUR 2.65 per share
- Outlook concretized
Asslar, May 22, 2014. Today the Annual General Meeting of Pfeiffer Vacuum
Technology AG took place in the town hall of Wetzlar, Germany. The
meeting's attendance amounted to 54.31 percent of the voting rights. Some
240 guests attended the event and were guided through the agenda by Dr.
Michael Oltmanns, the Chairman of the Supervisory Board. The vast majority
of represented shareholders approved all agenda items voted on. As a
result, a dividend of EUR 2.65 per share will be paid out on May 23. This
corresponds to a total amount of EUR 26,149,296.35.
In his speech, Manfred Bender, CEO of Pfeiffer Vacuum, commented on the
repeated sales decline in 2013 which had been expected on account of the
cyclical semiconductor market and the barely existing solar market.
Bender also emphasized the fact that the company's sales had in no way
decoupled from long-term benchmarks such as order intake registered by VDMA
(the German engineering association) whose development tends to practically
move in a parallel fashion.
Bender affirmed his conviction that the purchase of adixen had been the
right decision. He justified this with the fact that the semiconductor
market is mainly supplied by products from the French entity. Despite this
largest vacuum market's cyclicality it remains a business area he cannot
and will not do without. New joint products are successful. Sales with leak
detectors, for example, were up 14 percent in 2013 - a trend which has
persisted into 2014.
Concerning the outlook for FY 2014 the CEO re-emphasized that a precise
outlook remains difficult due to mentioned cyclicality. Sales are expected
to increase significantly in the second half of the year. Management
expects FY 2014 sales within a range of 410 - 440 million euros. This is
expected to coincide with an improvement of the EBIT margin.
"The sentiment within our most important end markets has been increasingly
improving, some interesting orders are firmly scheduled, other promising
projects are regularly being inquired on", Bender explains. "We see
significant growth potential especially within the semiconductor market,
coating for displays, and even in the reviving solar industry. We see great
opportunity in these areas especially through the innovations we have
already introduced, or still will introduce, in this year."
Detailed information relating to the results of the voting is available at
www.pfeiffer-vacuum.de/shareholders_meeting.
Contact:
Pfeiffer Vacuum Technology AG
Investor Relations
Eerik K.D. Budarz
T +49 6441 802 1346
F +49 6441 802 1365
[email protected]
www.pfeiffer-vacuum.com
About the Company
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
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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