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Pfeiffer Vacuum Technology AG (PFFVF)

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194.500.00 (0.00%)
At close: 9:30AM EDT
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Previous close194.50
Open194.50
Bid0.00 x 0
Ask0.00 x 0
Day's range194.50 - 194.50
52-week range180.00 - 205.00
Volume25
Avg. volume4
Market cap1.712B
Beta (5Y monthly)0.79
PE ratio (TTM)41.68
EPS (TTM)4.67
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum H1 2021 results: On track to reach new record sales and improved margins in fiscal year 2021

    DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Half Year Results03.08.2021 / 07:30 The issuer is solely responsible for the content of this announcement.PRESS RELEASE Pfeiffer Vacuum H1 2021 results: On track to reach new record sales and improved margins in fiscal year 2021First half 2021:- Sales of EUR 391.2 million, up 29.6% from the previous year- Operating result (EBIT) of EUR 48.1 million and EBIT margin of 12.3%- Order intake of EUR 451.6 million, up 42.6% compared to previous ye

  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG Announces Preliminary First Half 2021 Results and Further Improved Outlook

    Pfeiffer Vacuum Technology AG / Key word(s): Half Year Results/Change in ForecastPfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG Announces Preliminary First Half 2021 Results and Further Improved Outlook21-Jul-2021 / 15:09 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Ad-hoc ReleaseDisclosure of an inside infor

  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum starts fiscal year 2021 with new quarterly records for sales and order intake

    DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results04.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement.PRESS RELEASE Pfeiffer Vacuum starts fiscal year 2021 with new quarterly records for sales and order intake - Sales of EUR 191.7 million up 25.0% from the previous year- Order intake of EUR 233.9 million, 35.3% above last year- Operating result (EBIT) EUR 22.6 million and 11.8% EBIT marginAsslar, May 4, 2021. Pfeiffer Vacuum Technology AG, a leading global manufacturer of vacuum solutions, today announced results for the first quarter 2021. The Company's sales increased by 25.0% to a quarterly record level of EUR 191.7 million (Q1 2020: EUR 153.3 million). The operating result (EBIT) reached EUR 22.6 million, an increase of 76.4% (Q1 2020: EUR 12.8 million) representing an EBIT margin of 11.8% (Q1 2020: 8.4%). Also the order intake was at a record level with EUR 233.9 million (Q1 2020: EUR 172.9 million).The Pfeiffer Vacuum sales increase was driven by a strong performance in all market segments. The sales development in the Semiconductor market was particularly dynamic. Starting January 1, 2021, Pfeiffer Vacuum changed its market segment categorization. The Coating market is now partly integrated into the newly named Semiconductor and Emerging Technologies market segment and partly into the Industry market, which is in turn assigned to the market segment Analytics, Industry and R&D. This change reflects the ongoing work of Pfeiffer Vacuum on its global market growth strategy - with the goal to be even more efficient and responsive to the customers' requirements.Sales in the Semiconductor and Emerging Technologies market segment increased significantly by 38.9% to EUR 99.6 million (Q1 2020: EUR 71.7 million). The sales in the Analytics, Industry and R&D market segment improved by 12.8% to EUR 92.1 million (Q1 2020: EUR 81.6 million). The previous year's figures have been adjusted in line with the new market segmentation for better comparability.The operating result (EBIT) increased by 76.4% to EUR 22.6 million (Q1 2020: EUR 12.8 million) and the EBIT margin was 11.8% (Q1 2020: 8.4%). The year-over-year increase in EBIT was primarily a result of the sales increase and related scale economies. This was partially offset by a less favorable product and market mix and continued prevailing efficiency losses due to safety measures related to the Corona pandemic. Additionally, unfavorable foreign exchange movements, especially from the US-Dollar, burdened the EBIT margin by 2 percentage points.The book-to-bill ratio, the ratio of order intake to sales, was at an impressive level of 1.22 for the first quarter 2021. The order backlog of EUR 165.5 million represents an increase of 27.0% compared to the previous year (March 31, 2020: EUR 130.3 million) and an increase of 34.2% compared to year-end 2020 (December 31, 2020: EUR 123.3 million)."This was a very strong quarter with order and sales levels accelerating from the beginning of the year," says Dr. Britta Giesen, CEO of Pfeiffer Vacuum Technology AG. "We kept up with the customer demand due to our robust global infrastructure and committed employees. The market demand remains volatile, but with a clear focus on the customers' needs and our agile team, we are able to navigate through this fast changing environment and serve the high demand. At the same time, we remain vigilant to protect the health and safety of our employees."Overview of key figures: Q1/2021 Q1/2020 Change Sales € 191.7 million € 153.3 million 25.0% EBIT € 22.6 million € 12.8 million 76.4% Net income € 15.9 million € 8.9 million 79.9% Earnings per share € 1.61 € 0.90 78.9% Order intake € 233.9 million € 172.9 million 35.3% Order backlog € 165.5 million € 130.3 million 27.0% The gross profit in the reporting period was EUR 65.2 million (Q1 2020: EUR 53.3 million). The year-over-year increase of 22.3% is due to positive economies of scale related to increased sales, partially offset by less favorable product and market mix, productivity impact related to COVID-19 measures, and foreign exchange movement particularly by the US-Dollar.Net income increased by 79.9% to EUR 15.9 million (Q1 2020: EUR 8.9 million) representing earnings per share of EUR 1.61 (Q1 2020: EUR 0.90).In sales by region, which describes sales according to the location of the customers in their corresponding region, Asia contributed with an increase in sales of 58.5% to EUR 80.7 million (Q1 2020: EUR 50.9 million) driven by strong sales to semiconductor customers. Europe showed an increase of 15.1% to EUR 66.7 million (Q1 2020: EUR 58.0 million) related to the broad recovery in all markets, including the Semiconductor market. Sales in the Americas declined slightly by 0.8% to EUR 44.1 million (Q1 2020: EUR 44.4 million) due to the negative impact of the US-Dollar foreign exchange movement.Balance sheet and cash-flowTotal assets at the end of the first quarter 2021 were EUR 708.3 million, up 7.0% from year-end 2020 (December 31, 2020: EUR 661.8 million). Cash and cash equivalents were EUR 130.2 million (December 31, 2020: EUR 122.9 million) and the Company is net debt free from a financial liability perspective. The equity ratio remained at a solid level of 58.6%, slightly below year-end 2020 (December 31, 2020: 59.2%).Positive outlook for the 2021 fiscal yearBased on the strong results for the first quarter 2021, the record order intake, as well as the continuing recovery in all market segments, Pfeiffer Vacuum expects that annual sales growth as well as the EBIT margin performance will significantly improve in 2021 compared to the same period in 2020. Both sales growth and EBIT margin are expected to be above 10% (fiscal year 2020: sales growth -2.2%; EBIT margin 7.3%). The Management Board expects a strong first half of 2021 and a slight slowing in demand in the second half of 2021 due to quarterly fluctuations and a more normalized demand environment.ContactPfeiffer Vacuum Technology AGInvestor RelationsHeide EricksonT +49 6441 802 1360Heide.Erickson@pfeiffer-vacuum.deAbout Pfeiffer VacuumPfeiffer Vacuum (ticker symbol PFV, ISIN DE0006916604) is a leading global manufacturer of vacuum solutions. Among a full range of hybrid and magnetically levitated turbopumps, the portfolio comprises backing pumps, leak detectors, measurement and analysis devices, components and vacuum chambers and systems. Pfeiffer Vacuum has stood for innovative solutions and high-tech products in analytics, industry, research & development, coating and semiconductor markets since its invention of the turbopump. Founded in 1890, Pfeiffer Vacuum is active worldwide. The Company employs approximately 3,300 employees, has over 20 sales and service companies, and operates 10 manufacturing sites worldwide.For more information, please go to: group.pfeiffer-vacuum.com Consolidated Statements of Income (unaudited) Three months ended March 31, 2021 2020 in K€ in K€ Net sales 191,664 153,328 Cost of sales -126,498 -100,056 Gross profit 65,166 53,272 Selling and marketing expenses -20,553 -18,033 General and administrative expenses -15,607 -15,318 Research and development expenses -8,995 -7,699 Other operating income 3,573 2,721 Other operating expenses -969 -2,126 Operating profit 22,615 12,817 Financial expenses -229 -231 Financial income 54 39 Earnings before taxes 22,440 12,625 Income taxes -6,508 -3,770 Net income 15,932 8,855 Earnings per share (in €): Basic 1.61 0.90 Diluted 1.61 0.90 Consolidated Balance Sheets (unaudited) March 31, 2021 December 31, 2020 in K€ in K€ Assets Intangible assets 103,039 100,736 Property, plant and equipment 158,987 158,191 Investment properties 374 376 Other financial assets 3,232 2,198 Other assets 830 829 Deferred tax assets 31,480 31,306 Total non-current assets 297,942 293,636 Inventories 136,776 133,254 Trade accounts receivable 114,078 83,601 Contract assets 1,898 1,501 Income tax receivables 11,232 10,848 Prepaid expenses 4,830 4,260 Other financial assets 176 1,597 Other accounts receivable 11,118 10,265 Cash and cash equivalents 130,219 122,883 Total current assets 410,327 368,209 Total assets 708,269 661,845 Shareholders' equity and liabilities Share capital 25,261 25,261 Additional paid-in capital 96,245 96,245 Retained earnings 339,740 323,808 Other equity components -46,477 -53,580 Equity of Pfeiffer Vacuum Technology AG shareholders 414,769 391,734 Financial liabilities 69,246 69,614 Provisions for pensions 71,558 70,348 Deferred tax liabilities 6,265 4,477 Contract liabilities 1,050 804 Total non-current liabilities 148,119 145,243 Trade accounts payable 52,683 44,937 Contract liabilities 10,031 7,296 Other accounts payable 25,688 21,478 Provisions 44,029 39,502 Income tax liabilities 9,221 8,154 Financial liabilities 3,729 3,501 Total current liabilities 145,381 124,868 Total shareholders' equity and liabilities 708,269 661,845 Consolidated Statements of Cash Flows (unaudited) Three months ended March 31, 2021 2020 in K€ in K€ Cash flow from operating activities: Net income 15,932 8,855 Depreciation/amortization 6,233 6,801 Other non-cash income/expenses 5,130 868 Effects of changes of assets and liabilities: Inventories -4,550 -7,221 Receivables and other assets -29,753 -6.841 Provisions, including pensions, and income tax liabilities 6,289 -1,063 Payables, other liabilities 14,420 886 Net cash provided by operating activities 13,701 2,285 Cash flow from investing activities: Capital expenditures -5,116 -7,585 Proceeds from disposals of fixed assets 65 109 Net cash used in investing activities -5,051 -7,476 Cash flow from financing activities: Principal elements of lease payments -1,570 -1,298 Redemptions of financial liabilities -62 -120 Net cash used in financing activities -1,632 -1,418 Effects of foreign exchange rate changes on cash and cash equivalents 318 -719 Net change in cash and cash equivalents 7,336 -7,328 Cash and cash equivalents at beginning of period 122,883 111,980 Cash and cash equivalents at end of period 130,219 104,652 04.05.2021 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, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Pfeiffer Vacuum Technology AG Berliner Str. 43 35614 Asslar Germany Phone: +49 6441 802-0 Fax: +49 6441 802-1365 E-mail: info@pfeiffer-vacuum.de Internet: www.pfeiffer-vacuum.de ISIN: DE0006916604 WKN: 691660 Indices: SDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1191927 End of News DGAP News Service