Brief: PVA Tepla Guidance For Year As a Whole Confirmed

Pva Tepla AG

04/05/2023 07:09

May 4 (Reuters) - PVA TEPLA AG  TPEG.DE :
    * PVA TEPLA INCREASES SALES REVENUES BY 75% IN THE FIRST
QUARTER,
MAKING AN OUTSTANDING START TO THE NEW FISCAL YEAR
    * MANAGEMENT BOARD MEMBER DR. ANDREAS MÜHE WILL LEAVE
COMPANY AS
PLANNED AT END OF HIS CONTRACT ON JUNE 30, 2023
    * GUIDANCE FOR YEAR AS A WHOLE CONFIRMED
    * FORECAST - MANAGEMENT IS CONFIRMING GROWTH FORECAST FOR AS
A
WHOLE WITH SALES REVENUES BETWEEN EUR 240 MILLION AND EUR 260
MILLION AND EBITDA BETWEEN EUR 36 MILLION AND EUR 40 MILLION.
    * CEO - THANKS TO SUSTAINED HIGH DEMAND FOR OUR SOLUTIONS,
FOR
EXAMPLE FOR SEMICONDUCTOR AND ENERGY INDUSTRY, TODAY WE CAN
PRESENT OUTSTANDING QUARTERLY FIGURES AND FULL ORDER BOOKS
    * DIGITALIZATION EXPERT DR. MYRIAM JAHN TO JOIN SUPERVISORY
BOARD
    * Q1 - SALES REVENUES IN SEMICONDUCTOR SYSTEMS SEGMENT
CLIMBED BY
67% TO EUR 42.0 MILLION IN FIRST THREE MONTHS OF THIS YEAR,
COMPARED TO EUR 25.1 MILLION IN Q1 OF 2022
    * Q1 - EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTIZATION (EBITDA) AMOUNTED TO EUR 7.2 MILLION IN PERIOD
UNDER REVIEW AFTER EUR 3.4 MILLION IN COMPARATIVE PERIOD.

Source text for Eikon:  ID:nEQ8VsNz5a 
Further company coverage:  TPEG.DE 

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