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Pfeiffer Vacuum Technology AG: Announcement of results for Q1/2016

DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results
Pfeiffer Vacuum Technology AG: Announcement of results for Q1/2016

03.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Pfeiffer Vacuum announces results for the first quarter of FY 2016

- Q1/2016 sales 2.5 percent higher than in prior year

- Q1/2016 EBIT margin at 11.8 percent

- Order intake in the amount of EUR 117.4 million

Asslar, May 3, 2016. Pfeiffer Vacuum generated sales of EUR 109.6 million
in the first quarter of 2016 during which an EBIT margin of 11.8 percent
was achieved. This resulted in earnings per share of EUR 0.91 for the
quarter.

The figures at a glance:

                                  Q1/2016           Q1/2015        Change

                  Sales        EUR 109.6m        EUR 106.9m         +2.5%
Operating profit (EBIT)         EUR 12.9m         EUR 16.4m        -21.5%
             Net income          EUR 9.0m         EUR 11.4m        -21.6%
     Earnings per share          EUR 0.91          EUR 1.16        -21.6%

           Order intake        EUR 117.4m        EUR 120.3m         -2.4%
          Order backlog         EUR 72.5m         EUR 72.7m         -0.3%

"The year 2016 has commenced as expected", comments Manfred Bender, CEO of
Pfeiffer Vacuum Technology AG. "Sales in the first quarter were slightly
higher than in the prior year while the gross margin reached a very decent
level of 39.4 percent. The slight decline in the Semiconductor segment was
easily compensated by the positive development in the Industry and Coating
markets. Der lower operating margin is mainly due to the weaker US-dollar
during the period reported. Concerning the full year 2016, we are convinced
that both, sales and the operating margin, will increase compared to the
prior year."

The development of sales was somewhat heterogeneous in the various market
segments:

A decrease of 7.2 percent in semiconductor to EUR 34.1 million (Q1/2015:
EUR 36.7 million) stood in contrast to an increase of 31.5 percent to EUR
13.4 million in the Coating market segment (Q1/2015: EUR 10.2 million).
Sales in the Industry segment rose by 9.2 percent to EUR 27.5 million
(Q1/2015: EUR 25.2 million). The Analytics segment increased 0.8 percent to
EUR 22.1 million (Q1/2015: EUR 21.9 million). The sales contribution from
the Research and Development decreased 2.5 percent to EUR 12.5 million