PVA TePla, a manufacturer of crystallization systems for semiconductor and solar silicon as well as vacuum and high-temperature systems, generated sales revenues of €77.3 million in the first nine months of 2011 (previous year: €95.0 million). With a margin of 9.8% (previous year: 10.3%), operating profit (EBIT) totalled €7.6 million (previous year: €9.7 million).
Even with the uncertainty surrounding the current climate, PVA TePla’s incoming orders were high, coming to €130.6 million in this period (previous year: €73.6 million), although the book-to-bill ratio was 1.7, significantly higher than the previous year´s ratio of 0.8. In the industrial systems division, investors from the area of hard metal production and graphite processing helped incoming orders to climb from €30.7 million in the previous year to €48.6 million, the highest level ever achieved in this division in the first nine months. Other divisions also saw a rise in revenues, including semiconductor systems, plasma and analytical systems and the solar systems division.
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The liquidity situation of the PVA TePla Group remains positive as at September 30, 2011. As expected, the operating cash flow was negative at -€6.6 million (previous year: +€5.8 million). Here, advance payments already received for new orders are offset by the expenses for procuring materials. This development will continue in the fourth quarter of 2011, with the major customer payments for existing large orders then leading to positive operating cash flow again starting from early 2012.
PVA TePla anticipates consolidated sales revenues of €120 million to €130 million and an EBIT margin of 8% to 10% for 2011.
