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PVA TePla Reports Third Quarter 2014 Results

Published on 10 Nov 2014
PVA TePla 
- Consolidated sales revenues of EUR 57.9 million (previous year: EUR 46.5 million)

- Gross margin of 20.9% (previous year: 10.2%)

- Incoming orders of EUR 56.1 million (previous year: EUR 56.8 million)

- Order backlog of EUR 41.4 million (previous year: EUR 38.5 million)

PVA TePla AG generated consolidated sales revenues of EUR 57.9 million and operating earnings (EBIT) of EUR -5.1 million in the first nine months of 2014. Consolidated sales revenues are up significantly on the figure for the previous year (EUR 46.5 million) while operating earnings were essentially squeezed by impairment losses in the Semiconductor Systems business unit in Q2 2014. The gross margin improved significantly to 20.9% (previous year: 10.2%).

Total assets were up slightly as of September 30, 2014 at EUR 95.4 million (December 31, 2013: EUR 92.4 million). Equity amounted to EUR 45,5 million after EUR 50.3 million as of December 31, 2013 and the equity ratio was 47.7% (December 31, 2013: 54.5%).

Operating cash flow of EUR -8.3 million was generated in the first nine months of 2014 (previous year: EUR -0.6 million). This figure fluctuates heavily from one reporting period to the next for the Vacuum Systems and Crystal Growing Systems business units on account of the project nature of orders.

Incoming orders

In the first nine months of 2014, incoming orders for the PVA TePla Group roughly matched the previous year’s level at EUR 56.1 million (EUR 56.8 million). The moderate recovery hinted at in the second half of 2013 did not continue in 2014.

Outlook for fiscal 2014

Consolidated sales revenues of between EUR 70 and EUR 80 million are still forecast for the current 2014 fiscal year with operating earnings of EUR -6 million.

Source: PVA TePla
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