DGAP-News

Pfeiffer Vacuum Technology AG: Announcement of FY 2014 results - Seite 2

143.9 million). The development in the Americas was very pleasing where
sales increased by 13.7 percent to EUR 92.6 million (previous year: EUR
81.4 million).

Sales of turbopumps remained approximately stable at EUR 124.7 million
(previous year: EUR 125.3 million). Instrument and component sales
experienced a decline of 4.2 percent to EUR 96.9 million (previous year:
EUR 101.1 million). Revenues from backing pumps fell by 2.9 percent to EUR
89.4 million (previous year: EUR 92.1 million). Service revenues rose by
4.1 percent to EUR 85.0 million (previous year: EUR 81.7 million). Finally,
systems sales saw a development of plus 25.5 percent to EUR 10.6 million
(previous year: EUR 8.5 million).

The sales split by market segments shows sales of EUR 118.4 million
(previous year: EUR 123.4 million) in the semiconductor market. This
represents a decline of 4.1 percent. In the heterogeneous market segment
industry there was a sales increase of 2.2 percent to EUR 107.2 million
(previous year: EUR 104.9 million). Sales in the analytical market segment
fell by 1.2 percent to EUR 78.7 million (previous year: EUR 79.6 million).
The research and development market segment remained approximately stable
at EUR 55.2 million (previous year: EUR 55.1 million) while coating sales
grew by 3.0 percent to EUR 47.1 million (previous year: EUR 45.7 million).

Gross profit for the reporting period amounted to EUR 143.4 million
(previous year: EUR 149.4 million). This meant that the gross profit margin
declined by 1.2 percentage points to 35.3 percent (previous year: 36.5
percent). The operating profit (EBIT) amounted to EUR 44.7 million. It was
11.4 percent below the previous year's figure of EUR 50.5 million. This
corresponds to an operating profit margin (EBIT margin) of 11.0 percent
(previous year: 12.4 percent).

The financial result increased to EUR -0.5 million (previous year: EUR -0.6
million) and the tax rate amounted to 26.8 percent (previous year: 30.3
percent). This resulted in net income of EUR 32.4 million which represents
a decrease of 6.9 percent (previous year: EUR 34.8 million). Earnings per
share amounted to EUR 3.29 (previous year: EUR 3.53), also representing a
decline of 6.9 percent.

Despite the payment of the high dividend, Pfeiffer Vacuum was able to
increase its net cash position to EUR 70.3 million as at December 31, 2014
(previous year: EUR 53.6 million). The equity ratio rose to 65.2 percent