PVA TePla consolidated revenues at €60.2 million

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  At a glance, consolidated sales revenues generated in the first half of 2012 from PVA TePla was €60.2 million.

At a glance, consolidated sales revenues generated in the first half of 2012 from PVA TePla was €60.2 million, compared to the previous year’s at €46.3 million. The company states its earnings were in line with its plans for the same period with an EBIT of €4.9 million, whereas last year it was €3.6 million.

The company, which specializes in crystallization systems for semiconductor and solar silicon as well as vacuum and high-temperature systems, demonstrated that as on June 30, 2012, the order backlog amounted to €41.5 million (previous year: €96.9 million). In view of the order backlog, the sales revenues and earnings forecast for the whole of 2012 has been confirmed with expected sales revenues of between €120 million and €130 million and an EBIT margin of 8-10%.

The industrial systems division increased its sales revenues slightly from €24.2 million to €26.0 million year-on-year and the semiconductor systems division generated sales revenues of €29.6 million (previous year: €17.2 million) on account of the very positive development of business with crystal growing systems for the semiconductor industry. The solar systems division only posted sales of €4.6 million (previous year: €4.8 million) due to the weak order situation.

At 8.2%, the EBIT margin was within the range forecast for the year as a whole of 8-10%. Consolidated net income for the period totalled €3.2 million (previous year: €2.4 million).

Incoming orders came to €29.3 million (previous year: €90.4 million), with the trend being particularly weak in the second quarter. The book-to-bill-ratio stood at 0.49 (previous year: 1.96).

Across almost all divisions, customers are currently showing considerable restraint in their investment decisions. This also applies to the important Chinese market, where we observed much lower demand for our products in the first half of 2012. In particular, the solar market is currently characterized by substantial overcapacity and intense price pressure across the entire supply chain, meaning that demand for production facilities is low. As in June 30, 2012, the order backlog amounted to €41.5 million (previous year: €96.9 million).

The liquidity situation of the PVA TePla Group was again strong in the first half of 2012. As expected, the operating cash flow was positive at €+3.0 million (previous year: negative €0.6 million).

For the 2012 fiscal year, the previous forecast is confirmed, with consolidated sales revenues of between 1€20 million and €130 million and an EBIT margin of 8-10%.