PVA TePla AG / Dissemination of a Voting Rights Announcement transmitted by DGAP
Group revenues up 29% • EBIT margin of 4.4% • Operating cash flow of €7.5 million • Forecast for 2006 confirmed • Incoming orders will be doubled by the end of 2006 • Crystal Growing Systems division driving growth (Asslar, August 11, 2006) – In the first six months of 2006, PVA TePla AG increased
PVA TePla AG / Half Year Report
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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• Group revenues up 29%
• EBIT margin of 4.4%
• Operating cash flow of €7.5 million
• Forecast for 2006 confirmed
• Incoming orders will be doubled by the end of 2006
• Crystal Growing Systems division driving growth
(Asslar, August 11, 2006) – In the first six months of 2006, PVA TePla AG
increased Group revenues to €30.5 million, an increase of 29% as against
the prior-year period (H1 2005). EBIT increased to €1.4 million (H1 2005:
-€0.1 million). The EBIT margin was at 4,4 %.
At €13.6 million, the Vacuum Systems division made the largest contribution
to revenues (H1 2005: €16.4 million). The Plasma Systems division reported
revenues of €6.5 million, and thus exceeded the previous year's figure of
€5.0 million. As anticipated, the growth in revenues is primarily being
driven by the Crystal Growing division, which generated an almost five-fold
increase in revenues from €2.2 million as at June 30, 2005 to €10.3 million
at the end of H1 2006.
The improvement in results as against the previous year is primarily due to
a significant improvement in gross profit to €8.2 million (H1 2005: €5.0
million). With Group revenues also rising, the gross margin increased to
26.8% (H1 2005: 21.1%). EBIT thus also increased significantly to €1.4
million (H1 2005: -€0.1 million), resulting in a similar improvement in the
EBIT margin to 4.4% (H1 2005 -0.3%). At €0.9 million, the Group result was
also appreciably higher than previous year's value of €0.05 million.
There was further significant improvement in the PVA TePla Group's
liquidity situation in the second quarter of 2006. The operating cash flow
climbed to its current value of €7.5 million (H1 2005: -€2.2 million,
while the free cash flow was €7.0 million (H1 2005 -€2.5 million).
Incoming orders increased to €33.7 million, a rise of 41% as against June
30, 2005 (€23.9 million). The book-to-bill ratio was therefore 1.1 (H1
2005: 1.0). Booked business totaled €36.9 million (H1 2005: €21.9 million.
On the basis of the figures for the first half of the year, we can confirm
our forecast of a 30% year-on-year increase in Group revenues and an EBIT
margin of between 4 and 6%. In light of the previously reported cooperation
contract concluded with ASI Industries, and the letter of intent signed
with Siltronic AG, as well as a number of other interesting projects, we
now expect incoming orders in 2006 to be more than twice as high as in
2005. Most of these orders will be invoiced in financial years 2007 and
2008.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Emmeliusstr. 33
35614 Asslar
Tel: +49 (0) 6441/5692-342
Fax: +49 (0) 6441/5692-118
gert.fisahn@pvatepla.com
www.pvatepla.com
DGAP 11.08.2006
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Language: English
Issuer: PVA TePla AG
Emmeliusstr. 33
35614 Asslar Deutschland
Phone: +49 (0)6441 56 92 342
Fax: +49 (0)6441 56 92 118
E-mail: ir@pvatepla.com
WWW: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
Indices: CDAX, PRIMEALL, TECALLSHARE, GEX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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