23.03.2016
PVA TePla AG DE0007461006
DGAP-News: PVA TePla AG: Publication of 2015 Annual Report and Outlook for 2016
DGAP-News: PVA TePla AG / Key word(s): Final Results
PVA TePla AG: Publication of 2015 Annual Report and Outlook for 2016
23.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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PVA TePla: Publication of 2015 Annual Report and Outlook for 2016
Fiscal 2015: Turnaround achieved and forecast confirmed
- Consolidated sales revenues of EUR 71.5 million (previous year: EUR
71.9 million)
- Incoming orders of EUR 101.5 million (previous year: EUR 67.2 million)
- Order backlog of EUR 67.8 million (previous year: EUR 37.9 million)
- EBIT of EUR +0.1 million (previous year: EUR -6.3 million)
- Equity ratio of 43.0% (previous year: 43.6%)
PVA TePla AG, Wettenberg, a manufacturer of systems for the production of
industrial crystals and vacuum and high-temperature systems as well as
plasma systems and systems for non-destructive quality inspections,
generated consolidated sales revenues of EUR 71.5 million and broke even
with EBIT of EUR +0.1 million in 2015 after two years of losses. The gross
margin improved to 23.3% in 2015 as against 19.2% in the previous year. For
the first time, break-even sales revenue is less than EUR 75 million. With
the relocation of PVA MPS from Kirchheim near Munich to the central
location in Wettenberg that was resolved in February of the current year,
the next steps have already been taken to reduce break-even sale revenue to
less than EUR 70 million in the future.
Incoming orders and order backlog: Good starting position for 2016
In fiscal 2015, the order backlog of EUR 101.5 million was up 50% on the
previous year's level (EUR 67.2 million). The book-to-bill-ratio at Group
level reached 1.4 (previous year: 0.9). Both business units - Industrial
Systems and Semiconductor Systems - generated considerably higher incoming
orders. The order backlog of the two business units accordingly also
developed positively, rising by 80% year-on-year to EUR 67.8 million
(previous year: EUR 37.9 million) as at December 31, 2015.
Total assets roughly matched the previous year's level at EUR 88.3 million
(previous year: EUR 89.0 million). As a result of the net loss for the
period of EUR 1.4 million, the equity ratio fell from 43.6% to 43.0%.
Operating cash flow amounted to EUR +5.4 million (previous year: EUR -4.5
million) due to positive EBITDA, the improvement in the working capital
ratio, and high incoming orders in the second half of 2015. Cash and cash
equivalents increased to EUR 6.5 million (previous year: EUR 5.7 million)
as at December 31, 2015 as a result of the operating cash flow.
Outlook for fiscal 2016: Increase in sales revenues and earnings
Consolidated sales revenues of between EUR 80 and EUR 90 million, EBITDA of
between EUR 4 and EUR 6 million and EBIT of between EUR 2 and EUR 4 million
are forecasted for fiscal 2016.
The annual report is now available to download on the company's website
www.pvatepla.com. A press conference and analysts' meeting to comment on
the past fiscal year and the prospects for further development will be held
in Frankfurt on March 24, 2016.
For further information please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel.: +49(0)641/68690-400
[email protected]
www.pvatepla.com
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23.03.2016 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.
Media archive at www.dgap-medientreff.de and 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
End of News DGAP News Service
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448021 23.03.2016
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