Brief: PVA Tepla AG - Mid-Term Plan: Doubling Sales To Around Eur 500 Million By 2028

Pva Tepla AG

27/02/2024 07:04

Feb 27 (Reuters) - PVA TEPLA AG  TPEG.DE :
    * EQS-NEWS: PVA TEPLA EXCEEDS ITS 2023 SALES AND EARNINGS
TARGETS
-   MID-TERM GUIDANCE AIMS TO APPROXIMATELY DOUBLE SALES BY 2028
    * PVA TEPLA AG - FY 2023 SALES ABOVE EUR 263 MILLION, UP 28%
    * PVA TEPLA AG-EBITDA INCREASES BY 38% TO OVER EUR 41
MILLION,
MARGIN CLIMBS TO 15.8%
    * PVA TEPLA AG - FORECAST FY 2024: SALES TO INCREASE TO EUR
270 -
290 MILLION, FURTHER EARNINGS IMPROVEMENT WITH AN EBITDA OF EUR
47 - 51 MILLION
    * PVA TEPLA AG-MID-TERM PLAN: DOUBLING SALES TO AROUND EUR
500
MILLION BY 2028
    * PVA TEPLA AG - CONSOLIDATED SALES ROSE BY 28% TO OVER EUR
263
MILLION (PREVIOUS YEAR: EUR 205.2 MILLION)
    * PVA TEPLA AG - COMPARED TO PRIOR YEAR, ORDER BACKLOG AND
INCOMING ORDERS WERE DOWN BY 14% AND 6% RESPECTIVELY TO AROUND
EUR 278 MILLION AND EUR 222 MILLION
    * PVA TEPLA AG - FY BOOK-TO-BILL RATIO OF 0.84 WAS BELOW
LAST
YEAR'S 1.15
    * PVA TEPLA AG-ORIGINAL FORECAST FOR PAST FINANCIAL YEAR
ASSUMED
SALES OF BETWEEN EUR 240 AND 260 MILLION AND AN EBITDA OF EUR 36
TO 40 MILLION

Source text for Eikon:  ID:nEQcd8kKpa 
Further company coverage:  TPEG.DE 

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