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DGAP-Ad-hoc: Pfeiffer Vacuum Technology AG / Key word(s): Strategic Company Decision/Development of Sales Ad-hoc Release Pfeiffer Vacuum Technology AG Updates Mid-term Targets; Sales and Margins to Increase Significantly - Fiscal Year 2020 Sales Stronger than Expected The previous, and hearby revoked, mid-term targets were announced in 2018 and included to become a stronger number 2 competitor and to achieve a 20 percent market share as well as an EBIT margin of 20 percent by 2025. With the updated strategy, the Management Board continues to pursue increasing market share, driving sales growth and improving profitability. Pfeiffer Vacuum will move forward with its strategic investment program while focusing even stronger on the customers and markets. The Management Board will provide additional details once a systematic analysis has been completed. This analysis will consider the achievements of the last years, the current market conditions including the influence of the COVID-19 pandemic, and the future opportunities for accelerated profitable growth for Pfeiffer Vacuum in an evolving market environment. According to preliminary figures, Pfeiffer Vacuum recorded higher than anticipated sales for the fiscal year 2020, which are expected to be at or slightly above €616 million, compared to €633 million for the same period in 2019, above previous expectations of about €606 million. 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
11-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1159576 |
| End of Announcement | DGAP News Service |
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1159576 11-Jan-2021 CET/CEST
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