Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum starts fiscal year 2021 with new quarterly records for sales and order intake
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DGAP-News: Pfeiffer Vacuum Technology AG
/ Key word(s): Quarter Results
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 margin Asslar, 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. "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:
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. Contact About Pfeiffer Vacuum
04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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| 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 |
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1191927 04.05.2021
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