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02.08.2016 07:30:06
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DGAP-News: Pfeiffer Vacuum Technology AG
DGAP-News: Pfeiffer Vacuum Technology AG: Announcement of results for H1/2016
- H1/2016 sales roughly at same level as previous year
- H1/2016 EBIT margin at 12.1 percent
- Outlook reiterated
Asslar, August 2, 2016. Pfeiffer Vacuum generated sales of EUR 222.9 million during the first half of 2016 while achieving an EBIT of EUR 26.9 million and a corresponding margin of 12.1 percent. This resulted in net income of EUR 18.7 million and led to earnings per share of EUR 1.89 for the first six months. The order intake during the reported period amounted to EUR 231.5 million.
The figures at a glance:
H1/2016 H1/2015 Change
Sales EUR 222.9m EUR 224.5m -0.7% Operating profit EUR 26.9m EUR 30.5m -11.5% (EBIT) Net income EUR 18.7m EUR 21.2m -11.8% Earnings per share EUR 1.89 EUR 2.15 -12.1%
Order intake EUR 231.5m EUR 245.0m -5.5% Order backlog EUR 73.3m EUR 79.8m -8.1%
Q2/2016 Q2/2015 Change
Sales EUR 113.3m EUR 117.6m -3.7% Operating profit EUR 14.0m EUR 14.0m +0.2% (EBIT) Net income EUR 9.7m EUR 9.7m -0.2% Earnings per share EUR 0.99 EUR 0.99 ±0.0%
Order intake EUR 114.1m EUR 124.7m -8.5%
"After six months we have achieved sales around the same level as in the prior year. Our business has been characterized by a large amount of smaller projects. All market segments are ahead of last year with the exception of the semiconductor market, for which we expect demand to pick up in the second half of the year", comments Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "We confirm our outlook for FY 2016 with sales expected around EUR 470 million and a noticeable increase in operating profit and of the EBIT margin compared to the prior year."
Bender carries out further: "In the first half of 2016 we recorded an operating cash flow of EUR 12.9 million. After the dividend payment of EUR 31.6 million our liquid assets amounted to EUR 89.7 million at the end of the period and clearly surpassed the financial liabilities of EUR 20.5 million. We continue to maintain a net cash position on the balance sheet."
The development of sales by market segment, product and region behaved as follows:
The distribution of sales by market segment showed a 10.4 percent decrease in semiconductor to EUR 67.4 million (H1/2015: EUR 75.3 million). Sales in the industry segment grew by 2.5 percent to EUR 54.0 million (H1/2015: EUR 52.7 million). The analytics segment increased 1.7 percent to EUR 45.4 million (H1/2015: EUR 44.7 million). Sales in the coating market segment rose 9.8 percent to EUR 29.8 million in the reported period (H1/2015: EUR 27.2 million) while the sales contribution from research and development increased 6.0 percent to EUR 26.2 million (H1/2015: EUR 24.8 million).
Concerning product groups, turbopump sales decreased by 5.7 percent and amounted to EUR 66.6 million (H1/2015: EUR 70.6 million). Backing pump sales experienced an increase of 5.9 percent to EUR 56.7 million (H1/2015: EUR 53.6 million). Sales with instruments and components amounted to EUR 47.4 million and were 1.7 percent lower in the reported period (H1/2015: EUR 48.2 million). The service business declined by 1.3 percent to EUR 48.2 million (H1/2015: EUR 48.8 million) while sales in the systems business continues to play a limited role at EUR 4.0 million (H1/2015: EUR 3.4 million).
In Europe, sales increased 1.0 percent to EUR 92.3 million in the first half of 2016 (H1/2015: EUR 91.4 million). Sales in Asia grew 2.7 percent to EUR 78.9 million in the reported period (H1/2015: EUR 76.9 million). In the Americas there was a decrease of 7.6 percent, hence taking the sales figure to EUR 51.6 million (H1/2015: EUR 55.8 million).
New orders in the first six months of 2016 totaled EUR 231.5 million and thus were 5.5 percent lower versus the previous year's figure (H1/2015: EUR 245.0 million). The book-to-bill ratio, the ratio of order intake to sales, was 1.04 for the period (H1/2015: 1.09). The company's order backlog of EUR 73.3 million on June 30, 2016, was 8.1 percent lower than the corresponding figure one year earlier (June 30, 2015: EUR 79.8 million).
Pfeiffer Vacuum's gross profit margin in the first half of 2016 increased by 0.5 percentage points to 38.2 percent (H1/2015: 37.7 percent). The period's operating profit of EUR 26.9 million was 11.5 percent below the prior year's corresponding figure (H1/2015: EUR 30.5 million). This resulted in an EBIT margin of 12.1 percent (H1/2015: 13.6 percent). Net income amounted to EUR 18.7 million and thus was 11.8 percent lower than a year earlier (H1/2015: EUR 21.2 million). This translated to earnings per share of EUR 1.89 for the reported first six months of 2016 (H1/2015: EUR 2.15).
Attachments: Income statement, balance sheet and cash flow statement
Contact Pfeiffer Vacuum Technology AG Investor Relations Eerik Budarz T +49 6441 802 1346 F +49 6441 802 1365 Eerik.Budarz@pfeiffer-vacuum.de
About Pfeiffer Vacuum Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world's leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,350 people and has more than 20 subsidiaries.
For more information, please visit www.group.pfeiffer-vacuum.com
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02.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Pfeiffer Vacuum Technology AG Berliner Str. 43 35614 Asslar Germany Phone: +49 6441 802-0 Fax: +49 6441 802-1365 E-mail: info@pfeiffer-vacuum.de Internet: www.pfeiffer-vacuum.de ISIN: DE0006916604 WKN: 691660 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
488337 02.08.2016
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Half Year Results
Pfeiffer Vacuum Technology AG: Announcement of results for H1/2016
02.08.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Pfeiffer Vacuum experiences solid business development in the first six
months of FY 2016
- H1/2016 sales roughly at same level as previous year
- H1/2016 EBIT margin at 12.1 percent
- Outlook reiterated
Asslar, August 2, 2016. Pfeiffer Vacuum generated sales of EUR 222.9 million during the first half of 2016 while achieving an EBIT of EUR 26.9 million and a corresponding margin of 12.1 percent. This resulted in net income of EUR 18.7 million and led to earnings per share of EUR 1.89 for the first six months. The order intake during the reported period amounted to EUR 231.5 million.
The figures at a glance:
H1/2016 H1/2015 Change
Sales EUR 222.9m EUR 224.5m -0.7% Operating profit EUR 26.9m EUR 30.5m -11.5% (EBIT) Net income EUR 18.7m EUR 21.2m -11.8% Earnings per share EUR 1.89 EUR 2.15 -12.1%
Order intake EUR 231.5m EUR 245.0m -5.5% Order backlog EUR 73.3m EUR 79.8m -8.1%
Q2/2016 Q2/2015 Change
Sales EUR 113.3m EUR 117.6m -3.7% Operating profit EUR 14.0m EUR 14.0m +0.2% (EBIT) Net income EUR 9.7m EUR 9.7m -0.2% Earnings per share EUR 0.99 EUR 0.99 ±0.0%
Order intake EUR 114.1m EUR 124.7m -8.5%
"After six months we have achieved sales around the same level as in the prior year. Our business has been characterized by a large amount of smaller projects. All market segments are ahead of last year with the exception of the semiconductor market, for which we expect demand to pick up in the second half of the year", comments Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. "We confirm our outlook for FY 2016 with sales expected around EUR 470 million and a noticeable increase in operating profit and of the EBIT margin compared to the prior year."
Bender carries out further: "In the first half of 2016 we recorded an operating cash flow of EUR 12.9 million. After the dividend payment of EUR 31.6 million our liquid assets amounted to EUR 89.7 million at the end of the period and clearly surpassed the financial liabilities of EUR 20.5 million. We continue to maintain a net cash position on the balance sheet."
The development of sales by market segment, product and region behaved as follows:
The distribution of sales by market segment showed a 10.4 percent decrease in semiconductor to EUR 67.4 million (H1/2015: EUR 75.3 million). Sales in the industry segment grew by 2.5 percent to EUR 54.0 million (H1/2015: EUR 52.7 million). The analytics segment increased 1.7 percent to EUR 45.4 million (H1/2015: EUR 44.7 million). Sales in the coating market segment rose 9.8 percent to EUR 29.8 million in the reported period (H1/2015: EUR 27.2 million) while the sales contribution from research and development increased 6.0 percent to EUR 26.2 million (H1/2015: EUR 24.8 million).
Concerning product groups, turbopump sales decreased by 5.7 percent and amounted to EUR 66.6 million (H1/2015: EUR 70.6 million). Backing pump sales experienced an increase of 5.9 percent to EUR 56.7 million (H1/2015: EUR 53.6 million). Sales with instruments and components amounted to EUR 47.4 million and were 1.7 percent lower in the reported period (H1/2015: EUR 48.2 million). The service business declined by 1.3 percent to EUR 48.2 million (H1/2015: EUR 48.8 million) while sales in the systems business continues to play a limited role at EUR 4.0 million (H1/2015: EUR 3.4 million).
In Europe, sales increased 1.0 percent to EUR 92.3 million in the first half of 2016 (H1/2015: EUR 91.4 million). Sales in Asia grew 2.7 percent to EUR 78.9 million in the reported period (H1/2015: EUR 76.9 million). In the Americas there was a decrease of 7.6 percent, hence taking the sales figure to EUR 51.6 million (H1/2015: EUR 55.8 million).
New orders in the first six months of 2016 totaled EUR 231.5 million and thus were 5.5 percent lower versus the previous year's figure (H1/2015: EUR 245.0 million). The book-to-bill ratio, the ratio of order intake to sales, was 1.04 for the period (H1/2015: 1.09). The company's order backlog of EUR 73.3 million on June 30, 2016, was 8.1 percent lower than the corresponding figure one year earlier (June 30, 2015: EUR 79.8 million).
Pfeiffer Vacuum's gross profit margin in the first half of 2016 increased by 0.5 percentage points to 38.2 percent (H1/2015: 37.7 percent). The period's operating profit of EUR 26.9 million was 11.5 percent below the prior year's corresponding figure (H1/2015: EUR 30.5 million). This resulted in an EBIT margin of 12.1 percent (H1/2015: 13.6 percent). Net income amounted to EUR 18.7 million and thus was 11.8 percent lower than a year earlier (H1/2015: EUR 21.2 million). This translated to earnings per share of EUR 1.89 for the reported first six months of 2016 (H1/2015: EUR 2.15).
Attachments: Income statement, balance sheet and cash flow statement
Contact Pfeiffer Vacuum Technology AG Investor Relations Eerik Budarz T +49 6441 802 1346 F +49 6441 802 1365 Eerik.Budarz@pfeiffer-vacuum.de
About Pfeiffer Vacuum Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world's leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,350 people and has more than 20 subsidiaries.
For more information, please visit www.group.pfeiffer-vacuum.com
---------------------------------------------------------------------------
02.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Pfeiffer Vacuum Technology AG Berliner Str. 43 35614 Asslar Germany Phone: +49 6441 802-0 Fax: +49 6441 802-1365 E-mail: info@pfeiffer-vacuum.de Internet: www.pfeiffer-vacuum.de ISIN: DE0006916604 WKN: 691660 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
488337 02.08.2016
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