Ad hoc: PVA TePla AG: PVA TePla AG: Extremely good net income significantly exceedsforecasts

Donnerstag, 13.03.2008 17:00 von Hugin - Aufrufe: 861

PVA TePla AG / Annual accounts / PVA TePla AG: Extremely good net income significantly exceeds forecasts Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement.
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-------------- (Asslar, Germany, March 13, 2008) - PVA TePla AG's net income 2007 significantly exceeds forecasts. Consolidated earnings before interest and taxes (EBIT) increased substantially year-on-year to ¤10 million (previous year ¤3.5 million). The EBIT margin at 8.8% (previous year: 4.8%) is notably higher than the forecast of 5%-7%. With regards to the various segments, the EBIT margin in 2007 was 10% (previous year: 7.6%) for the Vacuum Systems division, 11.8% (previous year: 13.1%) for the Crystal Growing System division and -5.8% (previous year: -18.9%) for the Plasma Systems division. Bearing in mind that, at the beginning of 2007, the subsidiary PVA Vakuum-Anlagenbau Jena was reclassified from the Vacuum Systems division to the Crystal Growing Systems division in 2007, the prior year amounts have also been aligned with the 2006 Annual Report in order to be able to compare results for each segment. Although the Plasma Systems division managed to improve income in comparison with 2006, it was still unable to achieve the expected positive contribution to income in 2007. The development and launch of new products, along with the restructuring of Sales in the US, are expected to result in a positive business performance in fiscal year 2008. According to the final consolidated figures, Group sales in 2007 amounted to ¤113.7 million (previous year: ¤70.4 million). The change to the reported provisional value is based on adjustments in the POC valuation in the course of preparing the annual financial statements. We confirm our forecasts to date for fiscal year 2008. We expect growth of around 40% in Group sales and an EBIT margin in the area of 7%-9%. For further information, please contact: Dr. Gert Fisahn Investor Relations PVA TePla AG Emmeliusstr. 33 35614 Asslar, Germany Phone: +49 (0) 6441/5692-342 Fax: +49 (0) 6441/5692-118 gert.fisahn@pvatepla.com www.pvatepla.com --- End of Message --- PVA TePla AG Emmeliusstr. 33 Asslar Germany WKN: 746100; ISIN: DE0007461006; Index: CDAX, GEX, Prime All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Stuttgart, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Düsseldorf;
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