PVA TePla records substantial increase in orders received in the first half of 2021

DGAP-News: PVA TePla AG / Keyword (s): Half-year report
05.08.2021 / 08:00
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PVA TePla records substantial increase in orders received in the first half of 2021

Incoming orders more than doubled to 97.8 million euros

– Revenue increased significantly to € 70.9 million in H1

– EBITDA margin of 13.3%

– Forecast for the whole of 2021 confirmed

After a promising start to the year, the half-year results also confirm that PVA Group TePla (ISIN DE0007461006), Wettenberg, remains on track. This is partly due to high incoming orders, which more than doubled from 41.7 million euros in the same period of the previous year to 97.8 million euros. All product areas of the Semiconductor Systems business saw strong increases in customer orders. The global growth of the semiconductor market, with an expected increase of 20% for the current fiscal year and beyond, is accelerating this development. The Group’s total order book reached a high level of 150.7 million euros as of June 30, 2021. The project pipeline also looks very promising for the second half of the year.

Turnover and profit
In the first six months of fiscal 2021, PVA TePla Group increased its revenue by 16.8% year-on-year to € 70.9 million. It recorded significant increases in revenue in both divisions in the second quarter of 2021 compared to the first. EBITDA also increased significantly to reach 9.4 million euros in the first half of fiscal 2021 (H1 2020: 8.1 million euros). The EBITDA margin stood at a stable high level of 13.3% (H1 2020: 13.4%).

Equity and net financial position
Equity amounted to € 74.1 million as of June 30, 2021 (December 31, 2020: € 69.3 million), and the equity ratio thus increased slightly to 39.7% (December 31, 2020 : 39.1%). The net financial position (cash flow less current and non-current financial liabilities) increased significantly to reach 36.7 million euros as of June 30, 2021 (December 31, 2020: 26.8 million euros).

Forecast
Previously published forecasts for sales and profit figures for the current year remain unchanged. Based on the current structure of projects in the order book, the Management Board still expects revenue of between 140 and 150 million euros and EBITDA of between 18 and 20 million euros for the ‘fiscal year 2021.

For more information, please contact:
Dr Gert Fisahn
Investor Relations
Telephone: +49 641 68690-400
[email protected]

05.08.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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