PVA TePla AG / Dissemination of a Voting Rights Announcement transmitted by DGAP
PVA TePla publishes 2004 Annual Report - Confirmation of positive earnings announcement - Turnaround achieved following merger of PVA and TePla - Good order situation - Optimistic outlook Aßlar, 31.03.05: PVA TePla AG today published its 2004 Annual Report containing the final and audited figures of
PVA TePla AG / Final Results
Ad-hoc-Announcement according to § 15 WpHG transmitted by EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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PVA TePla publishes 2004 Annual Report -
Confirmation of positive earnings announcement
- Turnaround achieved following merger of PVA and TePla
- Good order situation
- Optimistic outlook
Aßlar, 31.03.05: PVA TePla AG today published its 2004 Annual Report
containing the final and audited figures of the consolidated financial
statements for the 2004 financial year. There are no significant deviations
from the provisional figures released on 14.03.05.
The earnings forecasts made in the course of 2004 were met by the company,
which achieved not only positive operating profits of € 0.3 million (2003:
€ –5.7 million), but also a consolidated net income for the year of € 0.5
million (2003: € –2.9 million). PVA TePla AG, the result of a merger at the
end of 2002, has thus accomplished its turnaround.
PVA TePla increased its Group revenues by almost 14% to € 44.2 million
(2003: € 38.9 million), and its gross profit margin to almost 29% (2003:
26.7%). Following a continuous recovery in business in the course of the
year, a further substantial increase in sales and earnings was achieved in
the fourth quarter by all three divisions.
The cost reductions throughout the company resulting from the restructuring
and adaptation measures that were finally completed in mid-year were a
major factor, in addition to improved profit margins, behind this
improvement in earnings.
The operative cash flow was boosted from € –4.7 million in 2003 to € +5.1
million in 2004, signifying a much-improved cash flow situation for the
Group as a whole.
Particularly encouraging, as far as future business prospects are
concerned, is the growth in order volume. As previously announced, incoming
orders rose significantly to around € 54 million (2003: € 38.1 million), an
increase of more than 40%. The book-to-bill ratio is high, at 1.2. The
Group started the 2005 business year with a large order backlog worth €
20.5 million (2003: € 11.0 million).
In view of these figures, PVA TePla takes an optimistic view of the year
ahead. Based on internal planning (excluding the effects of the large-scale
project in China, announced on 29.03.05), the Management Board expects
business volume to expand by between 10% and 20% compared to 2004, and an
EBIT profit ratio (ratio of operating profit to revenue) in the order of
3-6%. That said, the typical seasonal variations in the business with plant
and systems indicate that the first quarter of 2005 will be relatively
weak, with a slightly negative quarterly result.
The full 2004 Annual Report can be downloaded from our website at
www.pvatepla.com (Investor Relations section).
Contact: Peter Banholzer (IR Manager)
Tel.: +49 (0)6441 / 5692-342
eMail: peter.banholzer@pvatepla.com
EquityStory AG 31.03.2005
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language: English
emitter: PVA TePla AG
Emmeliusstr. 33
35614 Asslar Deutschland
phone: +49 (0)89 905 03-106
fax: +49 (0)89 905 03-147
email: ir@pvatepla.com
WWW: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
indexes: CDAX, PRIMEALL, TECHALLSHARE
stockmarkets: Geregelter Markt in Frankfurt; Freiverkehr in Berlin-Bremen,
Hannover, Hamburg, Düsseldorf, Stuttgart
End of News EQS News-Service
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