Brief: Pfeiffer Vacuum Says Q4 EBIT Down 39% At 16.2 Mln Eur

Pfeiffer Vacuum Technology AG

20/02/2020 07:04

Feb 20 (Reuters) - Pfeiffer Vacuum Technology AG  PV.DE :
    * DGAP-NEWS: PFEIFFER VACUUM TECHNOLOGY AG: PFEIFFER VACUUM
REACHES LATEST TARGETS FOR SALES AND PROFITABILITY IN 2019 AND
EXPECTS SALES IMPROVEMENTS IN 2020
    * FY SALES OF EUR 632.9 MILLION, OPERATING RESULTS (EBIT) OF
EUR
65.2 MILLION
    * FY OPERATING RESULT (EBIT) DECREASED BY 31.5% (PREVIOUS
YEAR:
EUR 95.1 MILLION)
    * AT END OF Q4, PFEIFFER VACUUM HAD AN ORDER BACKLOG OF EUR
110.7
MILLION
    * CAPITAL INVESTMENTS IN 2020 ARE EXPECTED TO BE ABOVE 2019
LEVELS
    * FY SALES EUR 632.9 MILLION
    * SALES ARE EXPECTED TO GROW IN 2020, BUT WE ARE CAREFULLY
MONITORING DEVELOPMENTS RELATED TO CORONAVIRUS AND CHINESE
MARKET, A CRITICAL GROWTH MARKET FOR PFEIFFER VACUUM
    * FY OPERATING RESULTS (EBIT) OF EUR 65.2 MILLION
    * FY EBIT MARGIN OF 10.3%
    * FY SALES DECREASED BY 4.1%
    * FY OPERATING RESULT (EBIT) DECREASED BY 31.5%
    * SALES ARE EXPECTED TO GROW IN 2020, BUT WE ARE CAREFULLY
MONITORING DEVELOPMENTS RELATED TO CORONAVIRUS AND CHINESE
MARKET, A CRITICAL GROWTH MARKET FOR PFEIFFER VACUUM
    * DESPITE ANTICIPATED SALES GROWTH, WE DON'T EXPECT A
SIGNIFICANT
IMPROVEMENT IN EBIT MARGIN IN 2020
    * CAPITAL INVESTMENTS IN 2020 ARE EXPECTED TO BE ABOVE 2019
LEVELS
    * Q4 SALES 165.5 MILLION EUR
    * Q4 EBIT 16.2 MILLION EUR

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