PVA Tepla falls as it sees FY profit in lower half of guidance range
BUZZ-PVA Tepla falls as it sees FY profit in lower half of guidance range ** Shares in PVA Tepla TPEG.DE fall around 5% in early Frankfurt trade after the German semiconductor equipment supplier said it expects FY core profit toward the lower half of its guidance range
** PVA now expects FY EBITDA to be in the lower half of the projected range of 26 million euros to 31 million euros ($30.01-$35.79 million)
** "More cautious earnings view should weigh on shares," a local trader says
** Jefferies says that PVA TePla's Q1 print was mixed and expects a cut of c10% vs consensus at €29.5m for FY EBITDA estimates
** "Despite the recent share price correction, the lower-than-expected profitability could weigh on performance this AM, in spite of the anticipation of a significantly stronger H2", it adds
** The stock is seen at the bottom of Germany's small-cap .SDAXI
($1 = 0.8663 euros)
(Reporting by Ozan Ergenay)
Recent news on Pva Tepla AG
See all newsEurope Research Roundup: ACS, Catena, NKT
PVA Tepla falls as it sees FY profit in lower half of guidance range
Germany's PVA TePla H1 order intake jumps 80% on increased metrology demand
Brief: PVA Tepla H1 Revenue EUR 120.5 Mln
Brief: PVA TePla Outlook FY Revenue EUR 255-275 Million Vs. IBES Estimate EUR 270.5 Million