PVA TePla AG: Sales revenues and earnings as forecast in Q1 2010

• Consolidated sales revenues of EUR 33.0 million (previous year: EUR 38.6 million)
• EBIT of EUR 3.2 million (previous year: EUR 4.7 million)
• Incoming orders of EUR 18.7 million (previous year: EUR 16.3 million)
• Order backlog of EUR 71.1 million (previous year: EUR 129.8 million)
• Annual guidance confirmed

(Wettenberg, May 12, 2010) - PVA TePla AG, Wettenberg, a manufacturer of vacuum and high-temperature systems, generated sales revenues of EUR 33.0 million as expected in the first quarter of 2010 (previous year: EUR 38.6 million). Its EBIT amounted to EUR 3.2 million (previous year: EUR 4.7 million).

Owing to weak incoming orders in the previous year, the Industrial Systems division recorded sales revenues of EUR 6.8 million (previous year: EUR 10.9 million). Sales revenues in the Semiconductor Systems division decreased to EUR 3.4 million (previous year: EUR 10.9 million) on account of the lack of new crystal growing orders. The Solar Systems division increased its sales revenue to EUR 22.8 million (previous year: EUR 16.9 million), making it the Group's strongest division in terms of sales revenues.

EBIT of EUR 3.2 million (previous year: EUR 4.7 million) and a consolidated net profit of EUR 2.0 million (previous year: EUR 2.9 million) were generated. The EBIT margin was within the forecasted range at 9.7% (previous year: 12.2%).

Incoming orders amounted to EUR 18.7 million (previous year: EUR 16.3 million) and varied from division to division. In the first three months of the year, incoming orders in the Industrial Systems division were up significantly on the figure for the previous year at EUR 8.9 million (EUR 4.5 million). The Semiconductor Systems division generated incoming orders of EUR 9.0 million (previous year: EUR 8.5 million). Incoming orders for the Solar Systems division amounted to EUR 0.8 million (previous year: EUR 3.2 million). This division is still conducting talks on major projects with customers around the world.

At EUR -0.6 million, cash flow from operating activities was slightly negative in the first quarter of 2010 after good figures in the preceding quarters (previous year: EUR 4.5 million). Cash flow from investing activities amounted to EUR ‑0.2 million (previous year: EUR ‑1.1 million). The free cash flow was EUR ‑0.8 million (previous year: EUR 3.2 million). The liquidity situation of the PVA TePla remained positive - reflected in its high levels of cash and cash equivalents.

PVA TePla is confirming its guidance for fiscal year 2010 of forecasted consolidated sales revenues of EUR 120 million and an EBIT margin in the range between 8% and 10%.

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