PVA TePla, a manufacturer of vacuum and high-temperature systems, generated sales revenue of €33.0 million as expected in the first quarter of 2010, down from the previous year’s €38.6 million. Company EBIT amounted to €3.2 million, again down from the previous year’s result figure of €4.7 million.
The solar systems division was the only company sector to increase its sales revenue, from €16.9 million in the previous year to €22.8 million. Both the industrial systems and semiconductor systems divisions were down, owing to weak incoming orders in the previous year.
Incoming orders for the solar division amounted to €0.8 million (previous year: €3.2 million). This division is still conducting talks on major projects with customers around the world.
At €-0.6 million, cash flow from operating activities was slightly negative in the first quarter of 2010 after good figures in the preceding quarters. The figure from the previous year reached €4.5 million. Cash flow from investing activities amounted to €-0.2 million (previous year: €-1.1 million). The free cash flow was €-0.8 million (previous year: €3.2 million). The liquidity situation of the PVA TePla remained positive – reflected in its high levels of cash and cash equivalents.
PVA TePla is confirming its guidance for fiscal year 2010 of forecasted consolidated sales revenues of €120 million and an EBIT margin in the range between 8% and 10%.