PVA TePla AG / Interim report / PVA TePla still growing strongly
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* Consolidated sales revenues EUR 74.0 million (H1 2007: EUR
44.7 million).
* Operating profit (EBIT) EUR 5.1 million (H1 2007: EUR 1.7
million).
* Order backlog EUR 202 million (H1 2007: EUR 113 million).
* Book-to-bill ratio 1.9
* Revenue and earnings targets confirmed
(Asslar, August 12, 2008) - The PVA TePla Group again posted
significantly higher year-on-year results for the first half of year.
Consolidated sales revenues for H1 2008 rose 66% to EUR 74.0 million
(H1 2007: EUR 44.7 million). Operating profit (EBIT) came to EUR 5.1
million (H1 2007: EUR 1.7 million) for EBIT margin of 6.9%. Incoming
orders increased to EUR 140.6 million (H1 2007: 56.9 million) for a
book-to-bill ratio of 1.9. The heavy order backlog totaling EUR 202
million backs up the PVA TePla Group's growth targets.
The Vacuum Systems division posted sales revenues of EUR 21.4 million
(H1 2007: EUR 15.2 million), Crystal Growing Systems division
generating the lion's share of Group sales revenues at EUR 46.0
million (H1 2007: EUR 22.0 million). Plasma Systems sales revenues
were lower year-on-year at EUR 6.6 million (EUR 7.4 million).
Operating profit (EBIT) increased from EUR 1.7 million year-on-year
to EUR 5.1 million for EBIT margin of 6.9%. Consolidated net profit
of EUR 3.5 million was recorded for the half-year (H1 2007: EUR 1.2
million).
Incoming orders totaled EUR 140.6 million in value as of June 30,
2008 (H1 2007: 56.9 million) for a book-to-bill ratio of 1.9. Crystal
Growing Systems generated most of this increase, incoming orders for
the division more than tripling versus the previous-year period.
Order backlog for the Group reached a record EUR 202.4 million (H1
2007: EUR 113.4 million), effectively setting the stage for further
growth.
The PVA TePla Group's cash flow situation remained positive in the
first half of 2008, with operating cash flow of EUR +6.6 million (H1
2007: EUR +5.3 million).
We are reiterating our previous guidance for an approximate 40%
increase in sales revenues versus fiscal year 2007. EBIT margin,
originally estimated at 7-9% for 2008, is now expected to come in at
the upper end of this range.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Emmeliusstr. 33
35614 Asslar
Phone: +49(0)6441/5692-342
Fax: +49(0)6441/5692-118
gert.fisahn@pvatepla.com
www.pvatepla.com
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PVA TePla AG
Emmeliusstr. 33 Asslar Germany
WKN: 746100; ISIN:
DE0007461006; Index: CDAX, GEX, Prime All Share;
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