PVA TePla Publishes Business Figures for Q3 2012

Pubblicato su 12 nov 2012
PVA TePla 

PVA TePla AG generated sales revenues of EUR 83.7 million in the first nine months of 2012 (previous year: EUR 77.3 million). Operating earnings (EBIT) totaled EUR 6.2 million (previous year: EUR 7.6 million) with a margin of 7.5% (previous year: 9.8%). Incoming orders developed weakly, dropping to EUR 42.2 million as against EUR 130.6 million in the same period of the previous year.

The Industrial Systems division generated sales revenues of EUR 36.5 million (previous year: EUR 40.7 million), due in particular to processing orders for supplying hard metal production and graphite processing systems. The Semiconductor Systems division increased its sales revenues from EUR 26.6 million in the previous year to EUR 40.5 million thanks to the high order backlog for crystal growing systems for the semiconductor industry. The Solar Systems division posted sales of only EUR 6.6 million (previous year: EUR 10.1 million) due to the weak order situation.

Incoming orders came to EUR 42.2 million (previous year: EUR 130.6 million), thus posting a weak development when viewed over the fiscal year as a whole. The book-to-bill-ratio stood at 0.5 (previous year: 1.7). Across almost all business units, customers showed considerable restraint in their investment decisions.

Incoming orders in the Industrial Systems division mainly comprised high-vacuum brazing systems. The market for hard-metal sintering systems is currently displaying a downward trend due to the high increase in capacity in recent years. In the Semiconductor Systems division, the plasma systems business unit accounts for the largest share of incoming orders. In September, PVA TePla Danmark obtained an order for three float-zone systems. The previous year's incoming orders in this division were dominated by major orders for supplying crystallization systems for the semiconductor industry. In the Solar Systems division, the major expansion investments of the previous years were halted due to the substantial overcapacity and intense pricing pressure across the entire supply chain. Opportunities for new orders are currently presented in regions wishing to develop production capacity for photovoltaics modules locally on economic- political grounds.

Operating earnings (EBIT) amounted to EUR 6.2 million (previous year: EUR 7.6 million) and consolidated net income totaled EUR 4.3 million (previous year: EUR 5.1 million). The EBIT margin was 7.5% (previous year: 9.8%). The liquidity situation of the PVA TePla Group remains positive as at September 30, 2012. As expected, the operating cash flow was positive at EUR +3.9 million (previous
year: EUR -6.6 million).

Based on these business figures and the absence of a recovery of incoming orders in the reporting period, the probability of achieving the previously planned incoming orders and sales revenues for the remainder of 2012 was reassessed. PVA TePla now anticipates consolidated sales revenues of EUR 105 million to EUR 110 million (previously forecast: EUR 120 million to EUR 130 million) for fiscal 2012 owing to the difficult market environment. This sales revenue level is expected to result in an EBIT margin of around 7% (previously forecast: 8-10%).

In addition to the known weakness in the photovoltaics industry, the general economic outlook in regions (China) and sub-markets (hard metal) relevant to us has worsened. This also led to orders being postponed until the next fiscal year, contributing to an adjustment of the sales revenue and earnings expectations for the current fiscal year.

To compensate for the lower utilization in production that can be expected in the coming fiscal year, a cost reduction program has been launched. The use of hired workers has been discontinued, temporary employment contracts will not be extended and short-time work will be introduced at the Jena and Wettenberg locations around the end of the year. An additional program to reduce material costs has already been implemented.


source: PVA TePla
Profili di ENF per aziende sudette in questo articolo

PVA TePla (Apparecchiature per la Produzione): https://it.enfsolar.com/pva-tepla
Le notizie dall’industria fotovoltaica vengono pubblicate gratuitamente, invia le tue notizie a