Brief: Pfeiffer Vacuum: Expect Impact From Coronavirus But Can't Predict To What Extent

Pfeiffer Vacuum Technology AG

26/03/2020 06:38

March 26 (Reuters) - Pfeiffer Vacuum Technology AG  PV.DE :
    * PFEIFFER VACUUM REPORTS SOUND PERFORMANCE IN FISCAL YEAR
2019
    * RESULTS CORRESPOND TO PRELIMINARY RESULTS ANNOUNCED ON
FEBRUARY
20, 2020
    * SALES AND ORDER INTAKE IN SEMICONDUCTOR MARKET WERE STRONG
ENTERING 2020
    * HOWEVER, COMPANY EXPECTS AN IMPACT ON BUSINESS RELATED TO
CORONAVIRUS, WHICH CANNOT BE PREDICTED AT THIS POINT-IN-TIME
    * EXPECTATIONS FOR 2020, OUTLINED IN FEBRUARY 2020 AND IN
ANNUAL
REPORT, OF REVENUE GROWTH, EBIT MARGINS FLAT TO 2019 AND
EXPECTED CAPITAL INVESTMENTS IN RANGE OF EUR 40 TO 60 MILLION
ARE THEREFORE INVALID
    * MANAGEMENT AND SUPERVISORY BOARDS WILL PROPOSE TO PAY OUT
A
DIVIDEND OF EUR 1.25 PER SHARE (PREVIOUS YEAR: EUR 2.30) AT
ANNUAL GENERAL MEETING
    * THIS TAKES INTO CONSIDERATION INCREASED EXPENSES RELATED
TO
IMPLEMENTATION OF GROWTH STRATEGY, WHICH WERE ESPECIALLY
SIGNIFICANT IN 2019, EXPECTED INVESTMENTS IN 2020, AS WELL AS
CORONAVIRUS SITUATION
    * OUR FOCUS FOR 2020 IS FIRST AND FOREMOST ON MANAGING
THROUGH
CORONAVIRUS RELATED BUSINESS CHALLENGES AND PROTECTING HEALTH
AND SAFETY OF OUR EMPLOYEES AS WELL AS MEETING OUR CUSTOMERS
    * IN 2020 WE WILL CONTINUE EXECUTION OF OUR GROWTH STRATEGY.
HOWEVER, WE WILL TAKE INTO CONSIDERATION NEW ECONOMIC REALITIES
THAT CORONAVIRUS PRESENTS TO BALANCE EXPENSES

Source text for Eikon:  ID:nEQc0t0V3a 
Further company coverage:  PV.DE 

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