EANS-News: Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum announces results for the full 2010 fiscal year

• All major financial metrics post clear double-digit growth
• Best net income in the company’s history
• Dividend proposal: Maintain high distribution ratio

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Financial Figures/Balance Sheet/annual result/Dividend Proposal

Subtitle: • All major financial metrics post clear double-digit
growth • Best net income in the company’s history • Dividend
proposal: Maintain high distribution ratio

Aßlar (euro adhoc) - As already announced in the form of preliminary
results, Pfeiffer Vacuum´s now audited sales revenues totaled EUR
220.5 million in fiscal 2010. All major financial metrics posted
clear double-digit growth rates. Given Pfeiffer Vacuum´s highly
positive development of business, the Management and Supervisory
Boards will propose that the previous years´ high dividend
distribution ratio of around 75 percent of consolidated net income be
retained. This will result in a proposed dividend of EUR 2.90 per
share. Continuity is very important to the Management and Supervisory
Boards; this does not manifest itself only in the form of in a stable
dividend distribution ratio. Moreover, the Supervisory Board extended
the term of office of Chief Executive Officer Manfred Bender which
was to have expired at year-end for a further five years.

Highlights at a glance:

2010 2009 Change

Sales revenues EUR 220.5 million EUR 182.0 million 21.1 %
Operating profit (EBIT) EUR 52.9 million EUR 37.8 million 40.1 %
Net income EUR 38.3 million EUR 27.7 million 38.4 %
Earnings per share EUR 4.40 EUR 3.24 35.8 %
Dividend per share EUR 2.90* EUR 2.45 18.4 %

Order intake EUR 223.7 million EUR 161.2 million 38.8 %
Orders on hand EUR 45.0 million** EUR 40.2 million 11.9 %

* Subject to approval by the Annual Shareholders Meeting
** Without adixen

Sales revenue growth came from all regions. Sales revenues in
Germany, for example, improved by 2.3 percent year on year in 2010 to
EUR 70.7 million (2009: EUR 69.1 million). The initial consolidation
of new subsidiary Trinos Vakuum- Systeme as well as growth in the
company´s core business is the reason for this development. Both
compensated for a positive non-recurring effect from the year before
stemming from a major contract from the solar industry. At the
international level, sales revenues grew at a double-digit pace. In
the other countries of Europe, sales revenues of EUR 57.0 million
were up 16.4 percent from the previous year (2009: EUR 49.0 million).
New customers in the Analytical and Industrial market segments
contributed to this rise. Sales in the USA, as well as Asia and the
rest of the world, grew at a double-digit rate. In the USA, strong
demand from the Semiconductor, Analytical and Industrial market
segments, in particular, produced a 43.2-percent rise to EUR 53.4
million (2009: EUR 37.2 million). In Asia, it was Japan, China and
Korea who led the list of successful countries for Pfeiffer Vacuum.
Sales revenues from Asia and the rest of the world rose by 47.7
percent to EUR 39.4 million (2009: EUR 26.7 million).

In terms of the sales mix by markets, the Analytical market segment
saw sales revenue growth of 40.5 percent to EUR 63.3 million (2009:
EUR 45.1 million). The Industrial market segment posted a growth rate
of 33.3 percent to EUR 48.6 million (2009: EUR 36.4 million). After a
very good previous year, growth in the Research & Development market
segment, too, did not falter in fiscal 2010 and totaled 23.0 percent,
which represents sales revenues of EUR 42.9 million (2009: EUR 34.9
million). The above-mentioned non-recurring effect from the previous
year which consisted of sales growth under a major contract from the
solar industry and, as expected, was unable to be repeated in fiscal
2010 resulted in a sales revenue decline of 32.2 percent in the
Coating segment to EUR 32.1 million (2009: EUR 47.3 million). Fueled
by the strong recovery in the semiconductor industry worldwide, on
the other hand, Pfeiffer Vacuum´s sales revenues in this market
segment advanced by 121.9 percent to EUR 23.8 million (2009: EUR 10.7
million). The Chemical & Process Technology market segment grew by
29.0 percent to EUR 9.8 million (2009: EUR 7.6 million).

The good development of sales revenues, effects from the product mix
and efficiency gains in production operations improved gross margin
by 3.7 percentage points to 46.7 percent (2009: 43.0 percent).
Consequently, gross profit for the past fiscal year stood at EUR
102.9 million, representing a 31.4- percent rise (2009: EUR 78.3
million). This development essentially led to a 40.1- percent
increase in operating profit to EUR 52.9 million (2009:
EUR 37.8 million). That corresponds to an EBIT margin of 24.0 percent
for fiscal 2010 (2009: 20.8 percent).

With financial income of EUR 1.6 million (2009: EUR 0.7 million) and
a higher tax ratio of 29.7 percent (2009: 27.9 percent) after-tax
earnings totaled EUR 38.3 million. With a gain of 38.4 percent, this
was the highest net result in Pfeiffer Vacuum´s history (2009: EUR
27.7 million). Earnings per share of EUR 4.40 were achieved (2009:
EUR 3.24). The growth rate of 35.8 percent was down moderately from
that of net income. This was attributable to the fact that the
average number of shares in circulation has to be taken into
consideration in calculating earnings per share. As a result of the
10-percent increase of capital and the sale of treasury shares (5.1
percent of former capital stock) in November 2010, this value was up
slightly from the year before.

As at December 31, 2010, Pfeiffer Vacuum´s cash and cash equivalents
totaled EUR 85.0 million, up 37.1 percent from the previous year´s
level of EUR 62.0 million. The reason for this consisted of various
factors stemming from the acquisition of the adixen vacuum technology
business unit from the Alcatel-Lucent group effective December 31,
2010. In this connection, the balance sheet total of EUR 472.7
million at the close of the past fiscal year nearly tripled from its
level of EUR 159.1 million as at December 31, 2009. While this nearly
doubled equity capital to EUR 270.0 million as of December 31, 2010
by comparison with the year before (EUR 138.3 million), the equity
ratio decreased from 87.0 percent to 57.1 percent.

Pfeiffer Vacuum Chief Executive Officer Manfred Bender comments as
follows: "The 2010 fiscal year was one of the most significant in the
history of Pfeiffer Vacuum. Our plans to sell the products of
subsidiary Trinos, which was acquired at the outset of 2010, through
our distribution network without any major additional effort came to
fruition. On the heels of the global economic crisis the year before,
our core business posted unbelievable development which manifested
itself in particular in outstanding profitability. And at the end of
the year, we acquired what had formerly been our strongest
competitor, adixen, thus more than doubling ourselves." Manfred
Bender adds: "the first steps in the integration of adixen as well as
new orders in the first two months of 2011 give us every reason to be
optimistic that the development of our business will not be
disappointing this year."

Short profile of Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange
symbol PFV, ISIN DE0006916604) is a leading supplier of vacuum
solutions worldwide. Besides a complete range of hybrid and
magnetically mounted turbo pumps, the range includes booster pumps,
measuring and analysis tools, components, and vacuum chambers and
systems. Since the invention of the turbo molecular pump by Pfeiffer
Vacuum, the company has stood for innovative solutions and highly
technical products which are used in analysis, research and
development, environmental technology, chemistry and semiconductor
production in the automobile industry and many other fields. Founded
in 1890, Pfeiffer Vacuum today employs around 2200 staff and has 28
subsidiaries in operation around the world.

end of announcement euro adhoc
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ots Originaltext: Pfeiffer Vacuum Technology AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

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

Branche: Machine Manufacturing
ISIN: DE0006916604
WKN: 691660
Index: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade