Pfeiffer Vacuum increases sales by 12.4% and EBIT by 33.3%
- Sales with EUR 659.7 million at the upper end of the guidance of EUR 640 to 660 million
- EBIT margin: 14.4% (adjusted: 15.2%)
- Book to bill Ratio: 1.03
Pfeiffer Vacuum, a leading global manufacturer of vacuum solutions, today announces preliminary, unaudited results for the financial year 2018. Compared to the previous year, sales increased by 12.4% to EUR 659.7 million (EUR 587.0 million) and reached another record level. The operating result (EBIT) increased by 33.3% to EUR 95.1 million (previous year: EUR 71.4 million). The EBIT margin improved by 2.2 percentage points to 14.4% compared to the previous year (12.2). This includes effects from purchase price allocations (PPA effects) amounting to EUR 5.2 million for the companies acquired in the previous year. Taking these special effects into account the adjusted EBIT margin amounts to 15.2.
The book-to-bill ratio, the ratio of order intake to sales, amounts to 1.03 for the full year. At the end of the fourth quarter, Pfeiffer Vacuum had an order backlog of EUR 144.9 million, an increase of 13.7% over the previous year (EUR 127.4 million).
Dr. Eric Taberlet, CEO and Nathalie Benedikt, CFO comment: "2018 was a year focused on the strategic realignment of the Pfeiffer Vacuum Group. At the same time, we achieved record sales of around EUR 660 million. This result was only possible thanks to the extraordinary commitment of our approximate 3,200 employees around the world. We sincerely thank them. In 2019, we would like to continue our revenue growth. With regards to the EBIT margin, we do not expect any significant improvement during the implementation period of the strategy.”
The final annual result will be published on March 28, 2019.
To explain the annual results, there will be a press conference at 10:00 a.m. and an investor conference call at 4:00 p.m. on the same day.