PVA TePla AG
PVA TePla: Publication of 2017 annual report and outlook for 2018 and beyond
PVA TePla: Publication of 2017 annual report and outlook for 2018 and beyond Fiscal 2017: – Targets for sales revenues and EBITDA achieved – Record growth in incoming orders of 132% – Net debt reduced – Operating cash flow improves by EUR 43 million Forecast for fiscal 2018: – Sales revenue target of EUR 94 million – EBITDA of EUR 11 million – Asian markets offer potential for further major projects Outlook for fiscal 2019 and beyond: – Growth in sales revenues of 30% forecast for 2019 – Current sales revenue visibility to increase 15% in 2020 – EBITDA margin consistently above 10% The PVA TePla Group, Wettenberg, a manufacturer of systems for the production of industrial crystals, vacuum and high-temperature systems, plasma systems and systems for non-destructive quality inspection, generated consolidated sales revenues of EUR 85.4 million and EBITDA of EUR 5.5 million in 2017. The targets set at the beginning of 2017 were therefore achieved. Incoming orders and order backlog Total assets rose to EUR 119.1 million as a result of the significant increase in cash and cash equivalents under current assets (previous year: EUR 94.7 million). Driven by high advance payments for the prefinancing of the order backlog, the operating cash flow amounted to EUR 39 million as of the end of 2017 (previous year: EUR -4.4 million). Net debt was reduced to zero (previous year: EUR -8.9 million). Outlook for fiscal 2018 Outlook for fiscal 2019 and beyond The annual report is now available to download on the company’s website www.pvatepla.com. A press conference and analysts’ meeting to comment on the past fiscal year and the prospects for further development will be held in Frankfurt on March 29, 2018. For further information, please contact: Dr. Gert Fisahn End of Media Release Issuer: PVA TePla AG Key word(s): Enterprise
28.03.2018 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | PVA TePla AG |
Im Westpark 10-12 | |
35435 Wettenberg | |
Germany | |
Phone: | 0641/686900 |
Fax: | 0641/68690800 |
E-mail: | info@pvatepla.com |
Internet: | www.pvatepla.com |
ISIN: | DE0007461006 |
WKN: | 746100 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP Media |