DGAP-News
2017 Annual General Meeting of PVA TePla AG
DGAP-News: PVA TePla AG / Key word(s): AGM/EGM
2017 Annual General Meeting of PVA TePla AG |
Technology
In his speech, the outgoing Chairman of the Board of Management, Peter Abel, told the assembled shareholders about various metrology systems for non-destructive quality inspections. In a brief
overview, he described laser-based measurement systems for wafer inspection and a wet chemical procedure for identifying metallic impurities on wafer surfaces. The speech ended with a look at the
prospects for the markets relevant to the PVA TePla Group.
New location and expansion of flow production
The Board of Management member for production and technology, Oliver Höfer, gave an overview of the establishment of a further subsidiary in China as a response to the increased significance of the
semiconductor industry there. He also described the flow production already introduced at the Jena production site and the resulting substantial increase in productivity. This is also to be
introduced at the existing location in Corona in the USA.
Increased sales revenues and significantly improved earnings
After being introduced, the Chief Financial Officer and as of the end of this Annual General Meeting the new Chief Executive Officer, Alfred Schopf, outlined the past year's business figures for
the shareholders. Year on year, sales revenues increased significantly and consolidated net earnings for the year improved by EUR 4.4 million to EUR 2.9 million.
Forecast for fiscal 2017 confirmed
Finally, Peter Abel again confirmed the forecast for the key figures in 2017. Consolidated sales revenues and an EBITDA margin in the order of EUR 85 million and 6%, respectively, are expected for
fiscal year 2017.
In the subsequent general discussion, the questions from shareholders and shareholder representatives about the company and the items on the agenda were answered satisfactorily.
The Supervisory Board Chairman, Alexander von Witzleben, bid farewell to the founder and CEO of PVA TePla AG, Peter Abel, and thanked him over the shareholders' applause for his many years of successful work for the company. He said he was delighted that Mr. Abel will continue to assist the company in an advisory capacity.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel.: +49(0)641/68690-400
gert.fisahn@pvatepla.com
22.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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 |
End of News | DGAP News Service |
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