PFV.DE - Pfeiffer Vacuum Technology AG

XETRA - XETRA Delayed price. Currency in EUR
171.60
-0.40 (-0.23%)
At close: 5:35PM CEST
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Previous close172.00
Open172.40
Bid172.00 x 1100
Ask172.20 x 4400
Day's range171.00 - 175.20
52-week range104.40 - 175.60
Volume6,835
Avg. volume7,524
Market cap1.693B
Beta (5Y monthly)1.06
PE ratio (TTM)38.22
EPS (TTM)4.49
Earnings date04 Aug 2020
Forward dividend & yield1.25 (0.73%)
Ex-dividend date22 May 2020
1y target est160.68
  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG: Second Quarter 2020 Results Expected to be Weaker, Order Intake to Remain Stable, Compared to the Previous Year

    Pfeiffer Vacuum Technology AG / Key word(s): Preliminary Results/Quarter Results Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG: Second Quarter 2020 Results Expected to be Weaker, Order Intake to Remain Stable, Compared to the Previous Year 22-Jun-2020 / 17:45 CET/CEST Disclosure 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 Release Disclosure of an inside information according to Article 17 of Regulation (EU) No 596/2014Pfeiffer Vacuum Technology AG: Second Quarter 2020 Results Expected to be Weaker, Order Intake to Remain Stable, Compared to the Previous Year Asslar, June 22, 2020. Pfeiffer Vacuum Technology AG ("Pfeiffer Vacuum") expects for the second quarter 2020, ending June 30, 2020, to achieve sales of around EUR 140 to 145 million (second quarter 2019: EUR 157.4 million). The decline is primarily driven by the decrease in demand due to global economic conditions, partially offset by continued strong demand in the semiconductor market. The operating result (EBIT) is expected to be in the range of EUR 3.0 to 6.5 million, significantly lower compared to the previous year (second quarter 2019: EUR 14.7 million), and the EBIT margin to be about 2.0 to 4.5 percent (second quarter 2019: 9.3 percent). This is primary driven by productivity loss due to sales declines and COVID-19 measures, product and market mix, and year-over-year increased expenses to drive market share growth. The order intake in second quarter 2020 is expected to be at or slightly above second quarter 2019 (second quarter 2019: EUR 144.9 million).The company will announce detailed results for the second quarter and first half 2020 on August 4, 2020.Contact: Pfeiffer Vacuum Technology AG Investor Relations Heide Erickson T +49 6441 802 1360 F +49 6441 802 1365 Heide.Erickson@pfeiffer-vacuum.de* * *22-Jun-2020 CET/CEST 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: 1075751 End of Announcement DGAP News Service

  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and sets the course for a rejuvenated management team with new Chief Executive Officer

    DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Personnel/Personnel 10.06.2020 / 12:57 The issuer is solely responsible for the content of this announcement. PRESS RELEASEPfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and sets the course for a rejuvenated management team with new Chief Executive OfficerAsslar, June 10, 2020. The Supervisory Board of Pfeiffer Vacuum Technology AG has resolved to change the Management Board and expanded the management structure effective January 1, 2021. In the future, also taking into consideration the existing Relationship Agreement with the Busch Group, the Management Board will consist of only two persons, namely a Chief Executive Officer (who will also serve as Chairperson of the Management Board) and a Chief Operations Officer. The Management Board will in future be supported in its management by a newly formed Group Executive Committee, which, in addition to the members of the Management Board, will include in particular the Chief Financial Officer, the Chief Sales Officer and the Chief Technology Officer.The Supervisory Board has also appointed Dr. Britta Giesen as a new member of the Management Board as of October 1, 2020. She is the designated Chairwoman of the Management Board and will take over this function from the current Chairman of the Management Board Dr. Eric Taberlet, who is expected to retire on January 1, 2021. Dr. Britta Giesen holds a degree in industrial engineering (mechanical engineering, operations research) and is currently Chief Operating Officer at ISS Facility Services Holding; her previous positions include CEO at ThyssenKrupp Access Solutions and Senior Vice President of the Submersible Pumps business unit at KSB. This is part of the Supervisory Board's long-term succession planning."Dr. Eric Taberlet has made a significant contribution to the success of the company over the past 33 years, particularly as General Manager at our French subsidiary and, since the end of 2017, as CEO of our company. For example, he has been a driving force in the integration of the entire company into a global organizational structure", says Ms. Ayla Busch, Chairwoman of the Supervisory Board. "We thank him very much for his work at Pfeiffer Vacuum. We are very pleased that we have won Dr. Britta Giesen to take our well-positioned company to a new level together with the prospectively expanded management team. I am very confident that Dr. Britta Giesen will be doing outstanding work as part of the team in order to purposefully implement the growth-oriented business strategy that is supported by the Supervisory Board."Dr. Eric Taberlet, Chief Executive Officer, comments: "I am confident that the new leadership team will further pursue our progress to achieve our strategic goals. Within the last years, we put in place the global organization to drive the transformation of our Company. This provides a strong foundation for Pfeiffer Vacuum's future success."Dr. Britta Giesen: "Pfeiffer Vacuum is a successful global innovation leader in the vacuum industry. I am very much looking forward to sustaining the extensive capital investment program that has been initiated, which will enable us to shape our future course even more successfully through the digitalization and optimization of our processes. In addition, there are further exciting challenges such as the planned growth in China, the development of our strategic application areas and the expansion of our global presence and the optimization of our supply chains as well as the further development of our business models in order to achieve significant growth and further increase profitability".Ms. Nathalie Benedikt, currently a member of the Management Board and Chief Financial Officer, will leave the company by mutual agreement upon the regular termination of her appointment at the end of the year."Over the past three years, Ms. Nathalie Benedikt has positively developed the company, competently enhanced processes in the area of finance and, above all, the risk management and compliance management system. We thank her very much for her dedication and commitment to Pfeiffer Vacuum," says Ms. Ayla Busch.Contact Pfeiffer Vacuum Technology AG Investor Relations Heide Erickson T +49 6441 802 1360 Heide.Erickson@pfeiffer-vacuum.deAbout Pfeiffer Vacuum Pfeiffer 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 * * *10.06.2020 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: 1067415 End of News DGAP News Service

  • EQS Group

    Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and appoints new Chief Executive Officer

    Pfeiffer Vacuum Technology AG / Key word(s): Personnel/Personnel Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and appoints new Chief Executive Officer 10-Jun-2020 / 12:22 CET/CEST Disclosure 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. * * *Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and appoints new Chief Executive OfficerAsslar, June 10, 2020. The Supervisory Board of Pfeiffer Vacuum Technology AG has resolved to change the Management Board and expanded management structure effective January 1, 2021. In the future, also taking into consideration the existing Relationship Agreement with the Busch Group, the Management Board will consist of only two persons, namely a Chief Executive Officer (who will also serve as Chairperson of the Management Board) and a Chief Operating Officer. The Management Board will in future be supported in its management by a newly formed Group Executive Committee, which in addition to the members of the Management Board will include in particular the Chief Financial Officer, the Chief Sales Officer and the Chief Technology Officer.The Supervisory Board has also appointed Dr Britta Giesen as a new member of the Management Board as of October 1, 2020. She is the designated Chairwoman of the Management Board and will take over this function from the current Chairman of the Management Board Dr Eric Taberlet, who will retire on January 1, 2021. Ms. Nathalie Benedikt, currently a member of the Management Board and Chief Financial Officer, will leave the company by mutual agreement upon the regular termination of her appointment at the end of the year.Contact: Pfeiffer Vacuum Technology AG Investor Relations Heide Erickson T +49 6441 802 1360 F +49 6441 802 1365 Heide.Erickson@pfeiffer-vacuum.de Contact: Heide Erickson Pfeiffer Vacuum Technology AG Berliner Strasse 43 35614 Asslar T +49 6441 802-1360 M +49 162 2022573 F +49 6441 802-1365 heide.erickson@pfeiffer-vacuum.de www.pfeiffer-vacuum.com * * *10-Jun-2020 CET/CEST 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: 1066877 End of Announcement DGAP News Service

  • Disentangling the effect of Covid-19 on Pfeiffer Vacuum Technology Ag's share price
    Stockopedia

    Disentangling the effect of Covid-19 on Pfeiffer Vacuum Technology Ag's share price

    Covid-19 has shaken world markets. One question likely to be on the minds of a lot of investors right now is how economic uncertainty caused by the pandemic wi8230;

  • EQS Group

    Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum reports strong first quarter 2020 order intake and stable sales in COVID-19 environment

    DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Quarter Results/Quarterly / Interim Statement 05.05.2020 / 07:30 The issuer is solely responsible for the content of this announcement. PRESS RELEASEPfeiffer Vacuum reports strong first quarter 2020 order intake and stable sales in COVID-19 environment\- Sales of EUR 153.3 million flat with the previous year\- Operating result (EBIT) of EUR 12.8 million and 8.4% EBIT margin\- Order intake of EUR 172.9 million, 16.2% above previous yearAsslar, May 5, 2020. Pfeiffer Vacuum Technology AG, a leading global manufacturer of vacuum solutions, today announced results for the first quarter 2020. The company reported sales of EUR 153.3 million, an operating result (EBIT) of EUR 12.8 million and an EBIT margin of 8.4%. The order intake increased significantly to EUR 172.9 million.Pfeiffer Vacuum sales for the first quarter 2020 were about flat with the previous year (Q1 2019: EUR 153.7 million), primarily driven by a strong performance in the semiconductor market and also a growth in the R&D market segment. This was offset by sales declines in the coating, industry and analytics markets. Sales in the semiconductor and coating market increased by 4.7% to EUR 78.6 million (Q1 2019: 75.1 million) and sales in the industry, analytics and R&D market segments decreased by 5.0% to EUR 74.7 million (Q1 2019: 78.6 million).The operating result (EBIT) decreased by 29.4% (Q1 2019: EUR 18.1 million) and the EBIT margin was 8.4% (Q1 2019: 11.8%). The year-over-year decline in EBIT was primary a result of productivity loss through COVID-19 and due to changes in the product and market mix. In addition, increased expenses to drive market share growth and to improve the EBIT margin to 20% by 2025 as outlined in the Company's growth strategy had a negative effect on the operating performance.The book-to-bill ratio, the ratio of order intake to sales, was very strong at 1.13 for the first quarter. At the end of the first quarter, Pfeiffer Vacuum had an order backlog of EUR 130.3 million, representing a decrease of 6.9% compared to the previous year (March 31, 2019: EUR 140.0 million) and an increase of 17.7% compared to year-end 2019 (December 31, 2019: EUR 110.7 million)."Our top priorities in the COVID-19 environment remain the health and safety of our employees and communities and to meet our customers' needs," says Dr. Eric Taberlet, CEO of Pfeiffer Vacuum Technology AG. "The high-vacuum industry is robust, and we are supplying growth markets. We must remain vigilant and agile to navigate through this challenging, quickly evolving environment that is impacting already some of the markets we serve. I am proud that so far there has been no major disruption in meeting our customers' deliveries." Nathalie Benedikt, CFO comments: "Pfeiffer Vacuum is affected by COVID-19, but less so than many other industries, and is in a strong financial position. In the current environment we are acting with caution and remain agile to make adjustments where needed. We are firmly on the path to execute our strategy to gain market share and improve the EBIT margin." Overview of key figures: Q1/2020 Q1/2019 Change Sales € 153.3 million € 153.7 million \- 0.3% EBIT € 12.8 million € 18.1 million \- 29.4% Net income € 8.9 million € 12.9 million \- 31.3% Earnings per share € 0.90 € 1.31 \- 31.3% Order intake € 172.9 million € 148.8 million 16.2% Order backlog € 130.3 million € 140.0 million \- 6.9% The gross profit in the reporting period was EUR 53.3 million (Q1 2019: EUR 55.7 million). The year-over-year decline is due to negative economies of scale related to product and market mix and productivity impact related to COVID-19 measures.Net income declined to EUR 8.9 million (Q1 2019: EUR 12.9 million) representing earnings per share of EUR 0.90 (Q1 2019: EUR 1.31).In sales by region, which describes sales according to the location of the customers in their corresponding region, the Americas contributed to an increase in sales of 10.5% to EUR 44.4 million (Q1 2019: EUR 40.2 million) driven by sales to semiconductor customers. Europe showed a decrease of 1.1% to EUR 58.0 million (Q1 2019: EUR 58.6 million). Sales in Asia declined by 7.2% to EUR 50.9 million (Q1 2019: EUR 54.9 million) related to market conditions in the coating market. Balance sheet and cash-flow Total assets at the end of first quarter 2020 were EUR 667.0 million up slightly from year-end 2019 (December 31, 2019: EUR 660.0 million). Cash and cash equivalent were EUR 104.7 million and the company is net debt free from a financial liability perspective. The equity ratio was at 60.3%, slightly up from the year-end 2019 (December 31, 2019: 59.6%). Outlook Pfeiffer Vacuum is not able to make a reliable forecast due to the impact of COVID-19 on the world economy and thus on some of our markets. Critical semiconductor customers currently remain committed to their expansion and orders in the analytics market supporting the fight against COVID-19 are strong. Economic activity in other markets served declined. The company expects market conditions and world economic activity to put pressure on the financial performance.Contact Pfeiffer Vacuum Technology AG Investor Relations Heide Erickson T +49 6441 802 1360 Heide.Erickson@pfeiffer-vacuum.deAbout Pfeiffer Vacuum Pfeiffer 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, 2020 2019 in K€ in K€ Net sales 153,328 153,733 Cost of sales -100,056 -98,064 Gross profit 53,272 55,669 Selling and marketing expenses -18,033 -18,047 General and administrative expenses -15,318 -13,200 Research and development expenses -7,699 -7,511 Other operating income 2,721 2,178 Other operating expenses -2,126 -946 Operating profit 12,817 18,143 Financial expenses -231 -222 Financial income 39 36 Earnings before taxes 12,625 17,957 Income taxes -3,770 -5,064 Net income 8,855 12,893 Earnings per share (in €): Basic 0.90 1.31 Diluted 0.90 1.31 Consolidated Balance Sheets (unaudited) March 31, 2020 December 31, 2019 in K€ in K€ Assets Intangible assets 113,474 112,244 Property, plant and equipment 155,577 154,701 Investment properties 394 400 Other financial assets 3,978 4,031 Other assets 1,080 2,034 Deferred tax assets 27,539 27,377 Total non-current assets 302,042 300,787 Inventories 134,658 128,484 Trade accounts receivable 91,661 87,867 Contract assets 2,866 2,860 Income tax receivables 9,662 9,962 Prepaid expenses 6,595 4,308 Other financial assets 2,831 3,161 Other accounts receivable 12,065 10,166 Cash and cash equivalents 104,652 111,980 Total current assets 364,990 358,788 Total assets 667,032 659,575 Shareholders' equity and liabilities Share capital 25,261 25,261 Additional paid-in capital 96,245 96,245 Retained earnings 313,407 304,552 Other equity components -32,430 -32,613 Equity of Pfeiffer Vacuum Technology AG shareholders 402,483 393,445 Financial liabilities 69,275 69,729 Provisions for pensions 65,005 64,103 Deferred tax liabilities 4,663 5,041 Contract liabilities 666 584 Total non-current liabilities 139,609 139,457 Trade accounts payable 41,183 41,137 Contract liabilities 11,303 12,259 Other accounts payable 24,993 23,406 Provisions 37,959 38,735 Income tax liabilities 5,947 7,248 Financial liabilities 3,555 3,888 Total current liabilities 124,940 126,673 Total shareholders' equity and liabilities 667,032 659,575 Consolidated Statements of Cash Flows (unaudited) Three months ended March 31, 2020 2019 in K€ in K€ Cash flow from operating activities: Net income 8,855 12,893 Depreciation/amortization 6,801 5,650 Other non-cash income/expenses 868 1,146 Effects of changes of assets and liabilities: Inventories -7,221 -15,959 Receivables and other assets -6.841 9,654 Provisions, including pensions, and income tax liabilities -1,063 -3,371 Payables, other liabilities 886 -1,868 Net cash provided by operating activities 2,285 8,145 Cash flow from investing activities: Capital expenditures -7,585 -5,608 Proceeds from disposals of fixed assets 109 35 Net cash used in investing activities -7,476 -5,573 Cash flow from financing activities: Principal elements of lease payments -1,298 -1,033 Proceeds from increase of financial liabilities - 163 Redemptions of financial liabilities -120 - Net cash used in financing activities -1,418 -870 Effects of foreign exchange rate changes on cash and cash equivalents -719 142 Net change in cash and cash equivalents -7,328 1,844 Cash and cash equivalents at beginning of period 111,980 108,380 Cash and cash equivalents at end of period 104,652 110,224 * * *05.05.2020 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: 1035541 End of News DGAP News Service

  • Can You Imagine How Pfeiffer Vacuum Technology's (ETR:PFV) Shareholders Feel About The 63% Share Price Increase?
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    LIVE MARKETS-Utilities: Golden Age of growth

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    LIVE MARKETS-Washington drama rattles Europe

    * EDF falls as co flags rising Hinkley Point costs Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Losses across Europe are deepening as investors fret about the impact of the impeachment probe into Trump, setting the major bourses on course for their biggest one-day drop in six weeks. The main worry among traders is that extended upheaval on the Capitol Hill will distract lawmakers and chief of the world's No. 1 economy, potentially disrupting negotiations to end the prolonged trade spat with China.

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    European shares stumble as techs drop; political uncertainty in Washington weighs

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    LIVE MARKETS-Before the open: sneakers, soap, fashion and electricity

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. The potential for greater political tumult in Washington that will engulf the U.S. President following the launch of an impeachment probe into Donald Trump's dealing with Ukraine have put heavy pressure on European stock futures this morning. Not helping sentiment is a profit warning from Pfeiffer Vacuum that it's suffering order delays and expects weaker-than-expected FY results, the latest European (and German) industrial machinery company to cut guidance.

  • Reuters - UK Focus

    LIVE MARKETS-On our radar: trainers, elevators and vacuums

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. On the corporate news front, warnings from industrial machinery makers are piling up. The latest comes from Germany's Pfeiffer Vacuum, which warned of delays to orders, cut its FY sales and EBIT margin forecasts in that move that underscores worries about a prolonged European corporate recession and bodes poorly for the upcoming Q3 earnings season.

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