PVA TePla Publishes Annual Report 2009

 

(Wettenberg, March 31, 2010) - PVA TePla AG, Wettenberg, a specialist for high-temperature vacuum systems and crystal-growing systems,  publishes today its final business figures for the year 2009. Consolidated sales revenues account for EUR 134.7 million (previous year: EUR 168.6 million). As published earlier consolidated earnings before interest and taxes (EBIT) rose to EUR 16.6 million (previous year: EUR 15.0 million). EBIT margin increased significantly to 12.3% (previous year 8.9%)

 

The Industrial Systems division contributed EUR 38.9 million (previous year EUR 49,5 million) to the consolidated sales revenues, the Semiconductor Systems division also contributed EUR 38,9 million previous year EUR 77.1 million. The Solar Systems division increased its sales revenus to EUR 56.9 million (previous year EUR 42.0 million).

 

Operating profit (EBIT) came in higher versus 2008 at EUR 16.6 million (previous year EUR 15.0 million). EBIT margin was 12.3%, slightly higher than forecasted by PVA TePla. Consolidated net profit for the year rose to EUR 10.7 million (previous year: EUR 9.7 million).

 

Total assets increased to EUR 128.0 million at December 31, 2009 versus a previous EUR 122.1 million. Shareholders' equity increased to EUR 51.1 million at December 31, 2008 on higher net profit for the year (previous year: EUR 40.4 million). The equity ratio has risen to 39.9% at the reporting date on the substantial increase in retained earnings (previous year: 33.1%).

 

Operating cash flow of EUR 29.6 million was recorded at December 31, 2009 (previous year: EUR 8.7 million). Cash and cash equivalents totaled EUR 28.4 million (previous year: EUR 5.2 million) at the reporting date.

 

As of December 31, 2009, the order income decreased to EUR 68.9 million (previous year: EUR 189.9 million). The order backlog comes in at EUR 87.8 million (previous year: EUR 151.8 million). The decrease in business volume as compared with 2008 is due to the economic and financial crisis, which led to a plunge in capital expenditure in PVA TePla's key sales markets.

 

The previously published forecast for fiscal year 2010 is confirmed. Accordingly, consolidated sales revenues are expected to amount to approximately EUR 120 million. An EBIT margin of 8-10% is expected.

 

The Supervisory Board of PVA TePla AG approved the Management Board's resolution to propose a dividend payment of EUR 0.20 per share from the net retained profits for fiscal year 2009 at the Annual General Meeting to be held in Giessen on June 21, 2010.

 

A press conference and analysts' meeting to comment on the past fiscal year and the prospects for further development will be held on April 1 in Frankfurt.

 

The 2009 annual report can be downloaded from the website of PVA TePla.

 

For further information contact:

Dr. Gert Fisahn

Investor Relations

PVA TePla AG

Phone: +49(0)641-68690400

gert.fisahn@pvatepla.com

www.pvatepla.com