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PVA TEPLA AG (FRA:TPE) PVA TePla posts a substantial increase of incoming orders in first half of 2021

Transparency directive : regulatory news

05/08/2021 08:00

DGAP-News: PVA TePla AG / Key word(s): Half Year Report
PVA TePla posts a substantial increase of incoming orders in first half of 2021

05.08.2021 / 08:00
The issuer is solely responsible for the content of this announcement.


PVA TePla posts a substantial increase of incoming orders in first half of 2021

- Incoming orders more than doubled at EUR 97.8 million

- Sales revenues increase significantly to EUR 70.9 million in H1

- EBITDA margin of 13.3%

- Forecast for 2021 as a whole confirmed

After the promising start to the year, the half-year results also confirm that the PVA TePla Group (ISIN DE0007461006), Wettenberg, remains on a successful path. This is partly due to the high incoming orders, which more than doubled from EUR 41.7 million in the same period of the previous year to EUR 97.8 million. All product areas in the Semiconductor Systems division posted large increases in customer orders. Global growth in the semiconductor market, with a forecast rise of 20% in the current fiscal year and beyond, is accelerating this development. The Group's total order backlog was at a high level of EUR 150.7 million as of June 30, 2021. The project pipeline looks very promising for the second half of the year, too.

Sales revenues and earnings
In the first six months of fiscal 2021, the PVA TePla Group increased its sales revenues by 16.8% year-on-year to EUR 70.9 million. It posted significant increases in sales revenues in both divisions in the second quarter of 2021 as compared to the first. EBITDA likewise increased significantly to EUR 9.4 million in the first half of fiscal 2021 (H1 2020: EUR 8.1 million). The EBITDA margin was at a stable high level of 13.3% (H1 2020: 13.4%).

Equity and net financial position
Equity amounted to EUR 74.1 million as of June 30, 2021 (December 31, 2020: EUR 69.3 million), and the equity ratio thus rose slightly to 39.7% (December 31, 2020: 39.1%). The net financial position (cash funds less current and non-current financial liabilities) increased significantly to EUR 36.7 million as of June 30, 2021 (December 31, 2020: EUR 26.8 million).

Forecast
The previously published forecast for the sales revenue and earnings figures for the current fiscal year remains unchanged. Based on the current project structure in the order backlog, the Management Board is still expecting sales revenues in the range of EUR 140 to EUR 150 million and EBITDA of between EUR 18 and EUR 20 million in fiscal 2021.

For further information, please contact:
Dr. Gert Fisahn
Investor Relations
Phone: +49 641 68690-400
gert.fisahn@pvatepla.com


 


05.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: PVA TePla AG
Im Westpark 10-12
35435 Wettenberg
Germany
Phone: 0641/686900
Fax: 0641/68690800
E-mail: info@pvatepla.com
Internet: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1224136

 
End of News DGAP News Service

1224136  05.08.2021 

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