Best result in the Companys history - despite economic crisis and decline in sales revenues

• Consolidated operating profit (EBIT) of EUR16.6 million (previous year: EUR15.0 million)
• Consolidated sales revenues of EUR 134.7 million (previous year: EUR 168.6 million)
• Incoming orders of EUR69million (previous year: EUR189.9million)
• Order backlog of EUR87million (previous year: EUR151.8million)

(Wettenberg, March 10, 2010) - PVA TePla AG, Wettenberg, a specialist in the construction of high-temperature vacuum systems and crystal growing systems, has published its preliminary figures for fiscal year 2009. Consolidated EBIT improved to EUR 16.6 million (previous year: EUR 15.0 million). The EBIT margin thus rose significantly to 12.3% after 8.9% last year. The result is at the upper end of the guidance published by PVA TePla. 

This very good consolidated result includes two one-time effects. Due to the poor business trend in the Plasma Systems division at the Feldkirchen location, the decision was taken to restructure this organizational unit. The restructuring targeted a significant reduction of fixed costs with a consequent alignment to considerably reduced business volume. The measures will be completed by the middle of 2010. This results in costs of EUR 2.3 million. As part of the impairment test, the goodwill of the Plasma Systems division must be depreciated, resulting in a further one-time effect of EUR 1.9 million. Overall we are convinced that with this new structure, we will be able to leverage the opportunities of our sophisticated products in interesting markets for plasma systems and achieve positive results on a sustained basis.

As already reported in press release dated February 23, 2009, consolidated sales revenues amounted to EUR 134.7 million (previous year: EUR 168.6 million). Incoming orders decreased from EUR 189.9 million in the previous year to EUR 69 million in 2009. As at December 31, 2009, the order backlog amounted to EUR 87 million (previous year: EUR 151.8 million). The year-on-year decline of business volume is due to the economic and finance crisis. This resulted in a high level of investment restraint in the key sales markets on which PVA TePla operates.

For the fiscal year 2010, the previous outlook is reaffirmed. Thus consolidated sales revenues will be around EUR 120 million in 2010. An EBIT margin of 8%-10% is expected.

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