Pfeiffer Vacuum posts very successful FY 2016 and expects positive development to continue
- EUR 474.2 million total sales
- EBIT margin at 14.3 percent
- EUR 3.60 dividend proposed
- Presentation of the 2020 Strategy
- Promising start to FY 2017
Total sales for FY 2016, which had been preliminarily announced and have meanwhile been audited, amounted to EUR 474.2 million. This represents an increase of 5.0 percent (previous year: EUR 451.5 million). Operating profit (EBIT) came to EUR 68.0 million, marking a significant y-o-y increase of 11.9 percent. The operating profit margin (EBIT margin) for FY 2016 amounted to 14.3 percent and was thus 0.8 percentage points higher than previous year's 13.5 percent.
The Management and Supervisory Boards propose a dividend of EUR 3.60 per share (previous year: EUR 3.20). As in the previous year, the payout ratio would thus amount to around 76 percent of consolidated net income.
Key figures at a glance:
|Sales||EUR 474.2m||EUR 451.5m||+5.0 %|
|Operating profit (EBIT)||EUR 68.0m||EUR 60.8m||+11.9 %|
|Net income||EUR 47.0m||EUR 41.9m||+12.2 %|
|EPS||EUR 4.77||EUR 4.25||+12.2 %|
|Dividend per share||EUR 3.60*||EUR 3.20||+12.5 %|
|Order intake||481.9m €||456.9m €||+5.5 %|
|Order backlog||72.3m €||64.7m €||+11.7 %|
*Subject to the approval of the Annual General Meeting
Pfeiffer Vacuum's order intake for FY 2016 amounted to EUR 481.9 million (previous year: EUR 456.9 million). The book-to-bill ratio – the ratio of order intake to sales – was 1.02 in 2016 (previous year: 1.01). Year-end order backlog amounted to EUR 72.3 million (previous year: EUR 64.7 million).
Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, comments: "The fiscal year 2016 was very successful for Pfeiffer Vacuum. We were able to yet again increase our sales and further improve our already good profitability. We did more business with more customers and benefited significantly from the strong, dynamic growth of the Semiconductor and Coating division. In addition, we have improved our structures and processes with the help of GAP. To enable shareholders to participate in this positive development, the Management Board and Supervisory Board will propose a dividend of EUR 3.60 per share at the Annual General Meeting in May."
In terms of sales broken down by regions, Europe posted an increase of 1.0 percent to EUR 188.9 million (previous year: EUR 187.0 million). Sales in Asia rose significantly by ...
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For this press release
Video: CEO Manfred Bender concerning the results for FY 2016
Transcript Interview Manfred Bender (PDF ~ 139 KB)