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PVA TePla AG: Publication of figures for first half of 2014

DGAP-News: PVA TePla AG / Key word(s): Half Year Results
PVA TePla AG: Publication of figures for first half of 2014

15.08.2014 / 08:00

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* Consolidated sales revenues of EUR 38.7 million (previous year: EUR 29.6
million)
* Incoming orders of EUR 30.8 million (previous year: EUR 32.3 million)
* Order backlog of EUR 34.7 million (previous year: EUR 31.5 million)

PVA TePla AG, Wettenberg, a manufacturer of systems for the production of
industrial crystals and vacuum and high-temperature systems, generated
consolidated sales revenues of EUR 38.7 million and operating earnings
(EBIT) of EUR -5.1 million in the first half of 2014. Consolidated sales
revenues are up significantly on the figure for the previous year (EUR 29.6
million) while operating earnings were essentially squeezed by impairment
losses in the Semiconductor Systems business unit. The gross margin
improved significantly as against the first half of 2013 at 20.5% (previous
year: 7.5%).

As a result of the greater business volume, total assets were up slightly
as of June 30, 2014 at EUR 96.0 million (December 31, 2013: EUR 92.4
million). Equity amounted to EUR 46.2 million after EUR 50.3 million as of
December 31, 2013 and the equity ratio was 48.2% (December 31, 2013:
54.5%).

An operating cash flow of EUR -10.5 million was generated in the first six
months of 2014 (H1 2013: EUR -1.6 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 six months of 2014, incoming orders for the PVA TePla Group
were down slightly on the previous year at EUR 30.9 million (EUR 32.3
million). At least in the first half of 2014, the moderate recovery hinted
at in the second half of 2013 did not continue. A slight revival in
incoming orders in Crystal Growing Systems and Vacuum Systems in particular
is expected in the second half of the year.

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

The half-year report is now available to download on the company's website
www.pvatepla.com.

For further information please contact:

Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel: [phone]
[e-mail]
www.pvatepla.com



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Language: English
Company: PVA TePla AG
Im Westpark 10-12
35435 Wettenberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


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