Pfeiffer Vacuum records significant increase in sales
- 27.6 % hike in sales during first nine months of 2017
- EBIT improved by 44.3 %
- Order intake 39.3 % higher than in previous year
- Changes in the Supervisory Board
Pfeiffer Vacuum Technology AG (“Pfeiffer Vacuum“) generated sales of € 430.5 million (27.6 % over the previous year) in the first nine months of 2017 and thus achieved an EBIT of € 60.8 million (44.3 % over the previous year). Earnings per share for the period rose by 44.3 % to € 4.27.
|The figures at a glance:|
|Sales||€ 430.5 m||€ 337.4 m||+27.6 %|
|Operating profit (EBIT)||€ 60.8 m||€ 42.1 m||+44.3 %|
|Net income||€ 42.1 m||€ 29.2 m||+44.0 %|
|Earnings per share||€ 4.27||€ 2.96||+44.3 %|
|Order intake||€ 476.3 m||€ 342.0 m||+39.3 %|
|Order backlog||€ 118.1 m||€ 69.3 m||+70.4 %|
|Sales||€ 154.2 m||€ 114.5 m||+34.7 %|
|Operating profit (EBIT)||€ 24.9 m||€ 15.2 m||+63.9%|
|Net income||€ 17.3 m||€ 10.5 m||+63.9 %|
|Earnings per share||€ 1.75||€ 1.07||+63.6 %|
|Order intake||€ 157.8 m||€ 110.5 m||+42.8 %|
“We are pleased about this exceptionally strong development of business," says Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, with satisfaction. Sales developed extremely well and increased to € 430.5 million in the first nine months (9M/2016: € 337.4 million). At € 476.3 million, order intake continued to remain at a very high level (9M2016: € 342.0 million). EBIT improved substantially to € 60.8 million (9M/2016: € 42.1 million), representing an increase of 44.3 %.
One reason for this strong growth, apart from the steadily growing semiconductor market, is the solar industry. Chinese customers in particular, but also European buyers, have ordered products for these applications. In Europe, the glass coating business also developed very positively. “In addition to vacuum pumps, we are selling more and more pump-related components for vacuum systems and, with the acquisition of Nor-Cal, we have significantly expanded our portfolio. This reinforces our position as a supplier of integrated vacuum solutions," Bender explains. “This can be seen from the orders placed. Our order books are full. At € 118.1 million, the order backlog is at a record level."
The Management Board is confident that it will be able to achieve the forecast growth: "After the developments to date, we are confident...
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