Pfeiffer Vacuum Technology AG, DE0006916604

Pfeiffer Vacuum Technology AG, DE0006916604

01.11.2016 - 07:33:11

Pfeiffer Vacuum Technology AG: Announcement of results for 9M/2016

PRESS RELEASE

Pfeiffer Vacuum experiences solid business development in the first nine months of FY 2016

- 9M/2016 sales roughly at same level as previous year

- Noticeable increase expected in fourth quarter

Asslar, November 1, 2016. Pfeiffer Vacuum generated sales of EUR 337.4 million during the first nine months of 2016 while achieving an EBIT of EUR 42.1 million and a corresponding margin of 12.5 percent. This resulted in net income of EUR 29.2 million and led to earnings per share of EUR 2.96 for the first nine months. The order intake during the reported period amounted to EUR 342.0 million.

The figures at a glance:

9M/2016 9M/2015 Change

Sales EUR 337.4m EUR 339.0m -0.5% Operating profit EUR 42.1m EUR 45.7m -7.9% (EBIT) Net income EUR 29.2m EUR 31.8m -8.1% Earnings per share EUR 2.96 EUR 3.22 -8.1%

Order intake EUR 342.0m EUR 349.8m -2.2% Order backlog EUR 69.3m EUR 70.1m -1.1%

Q3/2016 Q3/2015 Change

Sales EUR 114.5m EUR 114.5m ±0.0% Operating profit EUR 15.2m EUR 15.3m -0.7% (EBIT) Net income EUR 10.5m EUR 10.6m -0.9% Earnings per share EUR 1.07 EUR 1.08 -0.9%

Order intake EUR 110.5m EUR 104.8m +5.4%

"After nine months sales are around the same level as in the prior year. Although the past few months have been characterized by temporary constraints in some larger customers' demand, we have been able to compensate this almost completely by generating sales with new customers", comments Manfred Bender, CEO of Pfeiffer Vacuum Technology AG. Against the backdrop of these delays, the previous sales target of EUR 470 million has become ambitious but yet achievable. The same is true with regard to the intended margin increase. "In any case, however, we expect the prior year's sales volume to be exceeded - irrespective of foreign exchange rate impacts which have burdened the 2016 sales volume by more than EUR 4 million until now."

Bender carries out further: "In the first nine months of 2016 we recorded an operating cash flow of EUR 27.9 million. Our liquid assets amounted to EUR 100.8 million at the end of the period and clearly surpassed the financial liabilities of EUR 20.2 million. We continue to maintain a net cash position on the balance sheet."

The development of sales by market segment, product and region behaved as follows:

The distribution of sales by market segment showed a 4.6 percent decrease in semiconductor to EUR 105.3 million (9M/2015: EUR 110.3 million). Sales in the industry segment fell by 1.6 percent to EUR 81.9 million (9M/2015: EUR 83.2 million). The analytics segment decreased 0.8 percent to EUR 68.7 million (9M/2015: EUR 69.3 million). Sales in the coating market segment rose 10.3 percent to EUR 42.2 million in the reported period (9M/2015: EUR 38.3 million) while the sales contribution from research and development increased 3.4 percent to EUR 39.3 million (9M/2015: EUR 38.0 million).

Concerning product groups, turbopump sales decreased by 5.4 percent and amounted to EUR 102.6 million (9M/2015: EUR 108.5 million). Backing pump sales experienced an increase of 5.8 percent to EUR 82.2 million (9M/2015: EUR 77.7 million). Sales with instruments and components amounted to EUR 73.0 million and were 0.4 percent lower in the reported period (9M/2015: EUR 73.3 million). The service business increased by 1.7 percent to EUR 73.8 million (9M/2015: EUR 72.5 million) while sales in the systems business continues to play a limited role at EUR 5.8 million (9M/2015: EUR 7.1 million).

In Europe, sales decreased 2.4 percent to EUR 136.9 million in the first nine months of 2016 (9M/2015: EUR 140.3 million). Sales in Asia grew 5.7 percent to EUR 120.4 million in the period reported (9M/2015: EUR 114.0 million). In the Americas there was a decrease of 4.7 percent, hence taking the sales figure to EUR 79.9 million (9M/2015: EUR 83.8 million).

New orders in the first nine months of 2016 totaled EUR 342.0 million and thus were 2.2 percent lower versus the previous year's figure (9M/2015: EUR 349.8 million). The book-to-bill ratio, the ratio of order intake to sales, was 1.01 for the period (9M/2015: 1.03). The company's order backlog of EUR 69.3 million on September 30, 2016, was 1.1 percent lower than the corresponding figure one year earlier (September 30, 2015: EUR 70.1 million).

Pfeiffer Vacuum's gross profit margin in the first nine months of 2016 decreased by 1.0 percentage points to 37.6 percent (9M/2015: 38.6 percent). The period's operating profit of EUR 42.1 million was 7.9 percent below the prior year's corresponding figure (9M/2015: EUR 45.7 million). This resulted in an EBIT margin of 12.5 percent (9M/2015: 13.5 percent). Net income amounted to EUR 29.2 million and thus was 8.1 percent lower than a year earlier (9M/2015: EUR 31.8 million). This translated to earnings per share of EUR 2.96 for the reported first nine months of 2016 (9M/2015: EUR 3.22).

Attachments: Income statement, balance sheet and cash flow statement

Contact Pfeiffer Vacuum Technology AG Investor Relations Eerik Budarz T +49 6441 802 1346 F +49 6441 802 1365 Eerik.Budarz@pfeiffer-vacuum.de

About Pfeiffer Vacuum Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world's leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,350 people and has more than 20 subsidiaries.

For more information, please visit www.group.pfeiffer-vacuum.com

01.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service

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