Brief: Pfeiffer Confirms 2019 Outlook, Expects Demand To Increase in H2

Pfeiffer Vacuum Technology AG

06/08/2019 06:35

Aug 6 (Reuters) - Pfeiffer Vacuum Technology AG  PV.DE :
    * H1 SALES FELL 8 PERCENT TO 311.1 MILLION EUR
    * LOWER SALES AND ADDITIONAL INVESTMENTS LIMIT GROWTH AND
PROFITABILITY. POSITIVE MOMENTUM EXPECTED FOR MARKET AND SALES
IN SECOND HALF OF YEAR
    * SALES OF EUR 311.1 MILLION 8.0% LOWER THAN IN PREVIOUS
YEAR
    * EBIT AMOUNTED TO EUR 32.8 MILLION
    * EBIT MARGIN REACHED 10.6%
    * ORDER INTAKE AMOUNTED TO EUR 293.7 MILLION
    * OUTLOOK CONFIRMED: SALES OF EUR 640 TO 660 MILLION AND
EBIT
MARGIN OF 11% TO 14%
    * MAIN REASON FOR DECLINE IN SALES WAS SUSTAINED WEAKNESS IN
DEMAND, PARTICULARLY IN SEMICONDUCTOR AND COATING MARKET
SEGMENTS
    * PFEIFFER VACUUM EXPECTS DEMAND TO INCREASE IN SECOND HALF
OF
YEAR
    * MANAGEMENT BOARD CONFIRMS OUTLOOK FOR SALES THAT WAS
SPECIFIED
IN MID-JULY OF EUR 640 TO 660 MILLION

Source text for Eikon:  ID:nEQ5jm7q0a 
Further company coverage:  PV.DE 

 (Reporting by Berlin Speed Desk)
 ((berlin.newsroom@thomsonreuters.com; +49 30 2888 5156))