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PVA TePla Reports First Quarter 2017 Results

Published on 15 May 2017
PVA TePla 
PVA TePla AG, achieved a turnover increase of 37% in the first three months of 2017 Than in the previous year (EUR 17.0 million). The gross profit was increased from EUR 3.3 million to EUR 5.2 million. This represents a gross margin of 22.2% (previous year: 19.3%). Operating profit (EBIT) for the first quarter was positive again for the first time in the first quarter and amounted to EUR +0.6 million (previous year: EUR -0.7 million). The consolidated net profit for the period was EUR +0.8 million (previous year: EUR -1.2 million). 

In the first three months of 2017, order intake for the PVA TePla Group was 21.0 million EUR and thus above the order intake of the previous year (EUR 17.9 million). As of March 31, 2017, the order backlog amounted to EUR 47.5 million (previous year: EUR 68.7 million). The balance sheet total as of 31 March 2017 was EUR 91.1 million, compared to EUR 94.7 million as at 31 December 2016. Equity rose to EUR 41.1 million (31 December 2016: EUR 40.3 million). The equity ratio thus rose to 45.1% (31.12.2016: 42.5%). 

Operating cash flow in the first quarter of 2017 was significantly higher compared to the end of 2016 to EUR 6.2 million (31 December 2016: EUR -4.4 million). For the 2017 financial year, the company expects consolidated sales of around € 85 million and an EBITDA margin of around 6%. EUR 68.7 million). 


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PVA TePla (Production Equipment): https://www.enfsolar.com/pva-tepla
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