EANS-News: Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum announces results for the first quarter of 2012

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Financial Figures/Balance Sheet/quarterly report/3-month report

Subtitle: Development of sales revenues exceeds expectations
Significant improvement in profitability New marketing approach – to
offer complete solutions – shows first results

Aßlar (euro adhoc) – Asslar, May 3, 2012. Revenues of EUR 132.0
million achieved by Pfeiffer Vacuum in the first quarter of 2012
exceeded the expectations of the company. Good sales revenues in all
product groups contributed to this positive development.

Key figures at a glance:

| |Q1/2012 |Q1/2011* |Change |
| | | | |
|Sales revenues |EUR 132.0 million|EUR 143.6 million|- 8.1% |
|Operating profit |EUR 20.1 million |EUR 17.0 million |17.9% |
|(EBIT) | | | |
|Net income |EUR 13.4 million |EUR 11.3 million |18.6% |
|Earnings per share | EUR 1.35 |EUR 1.14 |18.4% |
| | | | |
|Order intake | EUR 136.8 |EUR 151.7 million|- 9.8% |
| |million | | |
|Orders in hand |EUR 92.4 million |EUR 99.3 million |- 6.9% |

* Figures for 2011 are partially adjusted for the effects of the retroactive

purchase price allocation carried out after acquisition of adixen.

„We are very satisfied with the development of sales revenues.
Especially when you consider that the first quarter of last year was
exceptionally strong. More importantly, though, is the improvement in
the profit situation. Here, our entire team did a good job“,
commented Manfred Bender, CEO of Pfeiffer Vacuum, the current
results. „We are on the right track to achieve our profitability
goals. However, the signals we are getting from the market are still
very mixed. We cannot yet assess whether the economic environment
will continue to be sustainably strong.“

In Europe, during the first quarter of 2012, there was a downturn in
the solar industry. Sales revenues fell there by 21.5 percent to
EUR 49.4 million (previous year: EUR 63.0 million). In contrast,
sales revenues in Asia rose by 5.2 percent to EUR 55.8 million
(previous year: EUR 53.0 million). In the Americas, there was a
slight reduction in sales revenues of 2.7 percent to EUR 26.5 million
(previous year: EUR 27.2 million).

In terms of sales revenues by product group, the new Pfeiffer Vacuum
strategy to increasingly market vacuum solutions, showed initial
results. Sales revenues of instruments and components that are used
in complete vacuum solutions increased by 18.0 percent to EUR 34.2
million (previous year: EUR 29.0 million), due in part to the
positioning as a provider of complete solutions. A weak solar market
was the cause of a decline in backing pumps. This amounted to 28.1
percent and resulted in sales revenues of EUR 39.2 million for these
products (previous year: EUR 54.5 million). Sales of turbopumps
declined by 9.4 percent to EUR 35.8 million (previous year: EUR 39.5
million). In the service sector Pfeiffer Vacuum achieved an
improvement in sales revenues of 1.9 percent to EUR 19.3 million
(previous year: EUR 19.0 million). With regard to systems, sales
revenues doubled to EUR 3.4 million (previous year: EUR 1.6 million).

When looking at sales revenues distribution in terms of market
segments the good results in the semiconductor market are of
particular note. This can be regarded as a great success since the
entire industry sector is in a downturn. In the first quarter of
2012, sales revenues of Pfeiffer Vacuum in this industry sector were
only 1.7 percent lower than the previous year at EUR 52.9 million
(previous year: EUR 53.8 million). Sales revenues in market segment
Industry increased by 3.4 percent to EUR 28.3 million (previous year:
EUR 27.3 million). The highest increase in sales revenues at Pfeiffer
Vacuum was in the Analytics market segment with an increase of 9.9
percent to EUR 22.8 million (previous year: EUR 20.7 million). In
Research & Development too, there was an improvement in sales
revenues of 4.3 percent to EUR 15.3 million (previous year: EUR 14.6
million). Only the Coating market segment recorded a significant
decrease of 53.2 percent to EUR 12.7 million (previous year:
EUR 27.1 million). This is caused almost exclusively by the weak
solar market.

New orders in the first quarter of 2012 at EUR 136.8 million were
9.8 percent below last year’s level (previous year: EUR 151.7
million). Compared to the previous quarter, however, it is an
improvement of 21.1 percent (Q4 2011: EUR 113.0 million), which
indicates a positive trend. The book-to-bill ratio, the ratio of
orders to sales revenue, as at March 31, 2012 was 1.04 (previous
year: 1.06). Orders on hand at EUR 92.4 million were down by 6.9
percent over the comparable period (previous year: EUR 99.3 million).
Here too there is a significant increase over the previous quarter of
5.5 percent (Q4 2011: EUR 87.6 million).

When comparing the profitability figures with the previous year the
following should be considered: after the finalization of the
purchase price allocation for the acquisition of adixen the
profitability figures were adjusted retrospectively for 2011 and,
therefore, the figures shown differ from those stated in the
Quarterly Financial Report for the first quarter of 2011.

Measures to increase efficiency as well as the beforehand announced
decrease of accounting impacts from the purchase price allocation in
2012 over the previous reporting period have contributed to a very
positive development with regard to our profit situation. Despite a
decline in sales revenues of 8.1 percent the gross profit of EUR 46.9
million remained almost at the level of the same period last year
(previous year: EUR 47.2 million). In contrast, the operating profit
rose by 17.9 percent to EUR 20.1 million (previous year: EUR 17.0
million). This resulted in an EBIT margin of 15.2 percent (previous
year: 11.9 percent). Net income amounted to EUR 13.4 million,
representing an increase of 18.6 percent over the comparable period
(previous year: EUR 11.3 million). Correspondingly, earnings per
share amounted to EUR 1.35 (previous year: EUR 1.14).

Please find the complete press release including Consolidated
Statements of Income, Consolidated Balance Sheets, Consolidated
Statements of Cash Flows at www.pfeiffer-vacuum.com

About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange Symbol PFV,
ISIN DE0006916604) is one of the world’s leading providers of vacuum
solutions. In addition to a full range of hybrid and magnetically
levitated turbopumps, the product portfolio comprises backing pumps,
measurement and analysis devices, components as well as vacuum
chambers and systems. Ever since the invention of the turbopump by
Pfeiffer Vacuum, the company has stood for innovative solutions and
high-tech products that are used in the markets Analytics, Industry,
Research & Development, Coating and Semiconductor. Founded in 1890,
Pfeiffer Vacuum is active throughout the world today. The company
employs a workforce of some 2,300 people and has more than 20
subsidiaries. For more information, please visit
www.pfeiffer-vacuum.com

Further inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de

end of announcement euro adhoc
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company: Pfeiffer Vacuum Technology AG
Berliner Str. 43
D-35614 Aßlar
phone: +49 (6441) 802-0
FAX: +49 (6441) 802-202
mail: info@pfeiffer-vacuum.de
WWW: http://www.pfeiffer-vacuum.de
sector: Machine Manufacturing
ISIN: DE0006916604
indexes: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English

Quelle: http://www.presseportal.de/pm/9589/2245590/eans-news-pfeiffer-vacuum-technology-ag-pfeiffer-vacuum-announces-results-for-the-first-quarter-of/api