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PVA TePla AG publishes business figures for Q1 2016

DGAP-News: PVA TePla AG / Key word(s): Quarterly / Interim Statement
PVA TePla AG publishes business figures for Q1 2016

13.05.2016 / 07:58
The issuer is solely responsible for the content of this announcement.

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PVA TePla publishes business figures for Q1 2016

- Consolidated sales revenues of EUR 17.0 million (previous year: EUR
16.7 million)

- Incoming orders of EUR 17.9 million (previous year: EUR 22.2 million)

- Order backlog of EUR 69.1 million (December 31, 2015: EUR 43.8 million)

- EBIT of EUR -0.7 million (previous year: EUR -0.8 million)

- Relocation of Munich-based subsidiary has negative impact of EUR 0.5
mil lion on EBIT

- Equity ratio of 40.9% (December 31, 2015: 43.0%)

Sales revenues and operating earnings
PVA TePla AG, Wettenberg, a manufacturer of systems for the production of
industrial crystals and vacuum and high-temperature systems as well as
plasma systems and systems for non-destructive quality inspections,
generated consolidated sales revenues of EUR 17.0 million and operating
earnings (EBIT) of EUR -0.7 million in the first quarter of 2016. Quarterly
sales revenues will rise significantly as the year progresses due to the
strong order backlog. Operating earnings (EBIT) amounted to EUR -0.7
million, most of which were attributable to the relocation of the
subsidiary PVA Metrology & Plasma Solutions GmbH from Kirchheim near Munich
to the headquarters in Wettenberg, as resolved at the end of February, and
to the associated restructuring expenses.

Incoming orders/order backlog
In the first three months of 2016, incoming orders for the PVA TePla Group
amounted to EUR 17.9 million. The book-to-bill ratio was 1.1. As of March
31, 2016, the order backlog of EUR 68.7 million was significantly higher
than the previous year's figure of EUR 43.8 million.

Net asset situation
Total assets amounted to EUR 89.6 million as of March 31, 2016, and were
thus slightly higher than the figure of EUR 88.3 million as of December 31,
2015. Equity declined slightly to EUR 36.6 million (December 31, 2015: EUR
37.9 million) on account of the net loss for the period of EUR 1.2 million.
The equity ratio was 40.9%.

Cash flow from operating activities amounted to EUR -3.7 million in the
first three months of 2016 (Q1 2015: EUR +0.7 million) due to the higher
capital commitment for prefinancing the order backlog.

Outlook for fiscal year 2016
Consolidated sales revenues of between EUR 80 million and EUR 90 million
and operating earnings (EBIT) of between EUR 2 million and EUR 4 million
are still anticipated for fiscal year 2016.

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

Change in quarterly reporting
Starting in 2016, PVA TePla will exercise the option of publishing less
extensive interim reports on the first and third quarter instead of
quarterly financial reports. The half-year report will be published in the
usual form. This results in a reduced workload for the company and another
opportunity to further reduce administrative expenses.

For further information please contact:

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


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13.05.2016 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.

The DGAP Distribution Services include Regulatory Announcements,
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP News Service
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463481 13.05.2016