DGAP-News: PVA TePla AG: Business figures for first quarter of 2013
(firmenpresse) - DGAP-News: PVA TePla AG / Key word(s): Quarter Results
PVA TePla AG: Business figures for first quarter of 2013
08.05.2013 / 07:40
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* Consolidated sales revenues: EUR 14.6 million (previous year: EUR 31.0
million)
* EBIT: EUR -1.9 million (previous year: EUR 2.9 million)
* Consolidated net income: EUR -1.3 million (previous year: EUR 2.0
million)
* Incoming orders: EUR 17.2 million (previous year: EUR 18.9 million)
(Wettenberg, May 8, 2013) - PVA TePla AG, a producer of industrial
crystal-growing systems as well as plasma, vacuum and heat treatment
systems, generated sales revenues of EUR 14.6 million in the first quarter
of 2013 (previous year: EUR 31.0 million). Its EBIT amounted to EUR -1.9
million (previous year: EUR 2.9 million). As expected, the weak order
situation in previous months and the low order backlog at the beginning of
the fiscal year led to a decrease in sales revenues in the first quarter.
Sales revenues for the Industrial Systems division amounted to EUR 7.1
million (previous year: EUR 13.8 million). These sales revenues came mainly
from processing orders for supplying vacuum systems for manufacturing hard
metal and vacuum interrupters as well as graphite processing systems. The
Semiconductor Systems division generated sales revenues of EUR 7.1 million
(previous year: EUR 14.5 million). The decrease in sales revenues is due to
the existing overcapacity among semiconductor manufacturers and the
associated investment restraint. Sales revenues for the Solar Systems
division totaled EUR 0.4 million (previous year: EUR 2.7 million). The
solar market is characterized by high overcapacity along the entire value
chain.
As forecast, EBIT and consolidated net income for the period were well
below the previous year's figures at EUR -1.9 million (previous year: EUR
2.9 million) and EUR -1.3 million (previous year: EUR 2.0 million)
respectively. The EBIT margin was -12.8% (previous year: 9.8%). The
cost-reduction measures carried out at the Wettenberg and Jena locations
did not fully make up for the significantly reduced business volume.
At EUR 17.2 million, incoming orders for the PVA TePla Group showed a
moderately positive development compared with the preceding quarters. The
book-to-bill ratio changed to 1.2 (previous year: 0.6). In the first three
months of 2013, at EUR 10.7 million, incoming orders of the Industrial
Systems division were at a similar level to the same period of the previous
year (EUR 12.7 million). Incoming orders in the Semiconductor Systems
division increased slightly year-on-year to EUR 6.3 million (previous year:
EUR 5.8 million). Orders for plasma systems accounted for most of the
incoming orders in this division. Incoming orders for the Solar Systems
division amounted to just EUR 0.2 million (previous year: EUR 0.3 million).
Promising discussions continue to be held regarding major projects. These
are focused on regions where local production capacities for the emerging
photovoltaics market are to be established for strategic and economic
reasons.
Cash flow from operating activities was negative in the first quarter of
2013 at EUR -1.7 million (previous year: EUR +3.9 million). Cash flow from
investing activities amounted to EUR -0.2 million (previous year: EUR -0.4
million). The liquidity situation of the PVA TePla Group remains with a
cash position of EUR 8.3 million positive.
PVA TePla is confirming its guidance for fiscal 2013 of anticipated
consolidated sales revenues of EUR 90-100 million - more likely at the
lower end of this range - and a positive operating result. This forecast
assumes a significant recovery in incoming orders in the next few weeks.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Phone: +49(0)641/68690-400
gert.fisahn(at)pvatepla.com
www.pvatepla.com
End of Corporate News
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Language: English
Company: PVA TePla AG
Im Westpark 10-12
35435 Wettenberg
Germany
Phone: 0641/686900
Fax: 0641/68690800
E-mail: info(at)pvatepla.com
Internet: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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210181 08.05.2013
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Datum: 08.05.2013 - 07:40 Uhr
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News-ID 257357
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