Brief: Pfeiffer Vacuum 9M Net Profit Up At EUR 2.1 Million

Pfeiffer Vacuum Technology AG

04/11/2021 06:38

Nov 4 (Reuters) - PFEIFFER VACUUM TECHNOLOGY AG  PV.DE :
    * REPORTS STRONG RESULTS FOR 9M 2021, A RECORD ORDER
BACKLOG, AND
SALES EXPECTATIONS FOR FULL YEAR 2021 ABOVE PREVIOUS GUIDANCE
    * 9M NET PROFIT 52.1 MILLION EUR VERSUS 24.8 MILLION EUR
YEAR AGO
    * 9M SALES ROSE 26.7 PERCENT TO 575.3 MILLION EUR
    * 9M EPS 5.28 EUR VERSUS 2.51 EUR YEAR AGO
    * 9M OPERATING RESULT (EBIT) OF EUR 74.0 MILLION REPRESENTS
AN
INCREASE BY 107.3% COMPARED TO PREVIOUS YEAR (9M 2020: EUR 35.7
MILLION)
    * COMPANY NOW EXPECTS ANNUAL SALES TO REACH ANOTHER RECORD
LEVEL
IN A RANGE BETWEEN EUR 730.0 MILLION AND EUR 750.0 MILLION
(FISCAL YEAR 2020: EUR 618.7 MILLION; PREVIOUS EXPECTATIONS EUR
710.0 MILLION TO EUR 730.0 MILLION)
    * ORDER INTAKE IN FIRST NINE MONTHS OF 2021 REACHED EUR
690.8
MILLION
    * EBIT MARGIN IS EXPECTED TO SIGNIFICANTLY IMPROVE IN 2021
TO
BETWEEN 12.0% AND 13.0% OF SALES, UNCHANGED FROM PREVIOUS
EXPECTATIONS (FISCAL YEAR 2020: 7.3%)
    * GROSS PROFIT FOR FIRST NINE MONTHS OF 2021 WAS EUR 203.5
MILLION
(9M 2020: EUR 158.0 MILLION)

Source text for Eikon:  ID:nEQ8VPDdFa 
Further company coverage:  PV.DE 

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