Ad hoc: PVA TePla AG: PVA TePla AG: Strong consolidated net profit in first nine months of2009

PVA TePla AG / Interim report / Ad hoc: PVA TePla AG: Strong 
consolidated net profit in first nine months of
2009
 
Ad hoc announcement according to §15 WpHG processed and transmitted 
by Hugin. The issuer is solely responsible for the content of this 
announcement.     
 
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*    Consolidated sales revenues of EUR 98.9 million (previous year:
  EUR 120.8 million)
*    EBIT of EUR 11.1 million (previous year: EUR 9.7 million)
*    Order backlog of EUR 90.0 million (previous year:
  EUR 181.2 million)
*    Forecast: sales revenues for 2009 of around EUR 145 million,
  operating EBIT at EUR 15 - 17 million
 
(Wettenberg, November 6, 2009) PVA TePla AG, Wettenberg, manufacturer
of vacuum and high-temperature  systems, generated sales revenues  of
EUR 98.9 million in the first nine months of 2009 (previous year: EUR
120.8 million). Operating  EBIT improved  significantly  year-on-year
from EUR 9.7 million to EUR 11.1 million.
 
Consolidated sales  revenues  declined  on the  same  period  of  the
previous year due current  orders being rescheduled  to the next  two
quarters. The Industrial Systems division noted sales revenues of EUR
30.8  million,  below   the  level   for  the   previous  year   (EUR
37.0 million). Following the  scheduled completion of  a major  order
with  Siltronic  Samsung  to  supply  crystal  growing  systems,  the
Semiconductor  Systems  division   posted  sales   revenues  of   EUR
25.1 million (previous year: EUR  55.3 million). At EUR  43.1 million
(previous year: EUR 28.6 million), the Solar Systems division was the
Group's strongest in terms of sales revenues.
 
In spite  of the  drop  in sales  revenues, operating  EBIT  improved
significantly year-on-year to  EUR 11.1 million  (previous year:  EUR
9.7 million). The EBIT  margin is therefore  11.2%. Consolidated  net
profit amounted to EUR 7.3 million (previous year: EUR 6.5 million)
 
In the first three quarters of  2009, the order situation of the  PVA
TePla Group was substantially weaker than in the same period of  2008
- as was also the case for  its main competitors - on account of  the
general  market  developments.   Owing  to   various  factors,   this
development is due to the investment restraint among customers on our
key markets. Incoming orders came to EUR 39.6 million (previous year:
EUR 169.0  million).  Broken down  by  division, incoming  orders  in
Industrial Systems in the  reporting period were significantly  lower
than the  previous year's  high  figure of  EUR 36.9 million  at  EUR
14.5 million. The current economic  crisis is particularly  affecting
the willingness to make investments  in the hard metal market  within
this division. The Semiconductor Systems division generated  incoming
orders of EUR 15.2 million (previous year: EUR 32.1 million).  Demand
for float-zone systems from the PVA TePla branch in Denmark played  a
major role in this at the  start of the fiscal year. Incoming  orders
for the Solar Systems division amounted to EUR 9.9 million  (previous
year: EUR 100.0 million). Negotiations with customers in this area in
particular have  reached  such  an advanced  stage  that  significant
orders can now be expected in the next few months.
 
At EUR  21.8 million, the  operating  cash flow  in the  first  three
quarters was significantly higher than the previous year's figure  of
EUR  16.1 million.   Cash  and   cash  equivalents   also   increased
considerably year-on-year from EUR 15.7 million to EUR 21.6 million.
 
Given the shifts in sales  revenues mentioned above from the  current
fiscal year  to  2010,  PVA  TePla  is  assuming  consolidated  sales
revenues for fiscal 2009 as a whole of EUR 145 million. In line  with
this, part of the  result will be shifted  to the following year  and
therefore the  operating result  (EBIT) in  2009 is  expected to  lie
between EUR 15 million and EUR 17 million.
 
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Phone: +49(0)641/68690-400
gert.fisahn@pvatepla.com
www.pvatepla.com
 
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PVA TePla AG
Im Westpark 10 - 12 Wettenberg Germany
 
WKN: 746100; 
ISIN: DE0007461006; Index: CDAX, GEX, Prime All Share;
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