EANS-News: PVA TePla AG / Sales revenues and earnings as expected in Q1 2011

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quarterly report

Wettenberg (euro adhoc) - • Consolidated sales revenues of EUR
23.1 million (previous year: EUR 33.0 million)

• EBIT of EUR 1.8 million (previous year: EUR 3.2 million)
• Incoming orders of EUR 39.0 million (previous year: EUR 18.7 million)
• Order backlog of EUR 68.7 million (previous year: EUR 71.1 million)
• Annual forecast at the upper end of the projected range

(Wettenberg, May 13, 2011) - PVA TePla AG, Wettenberg, a manufacturer
of silicon crystallization systems as well as vacuum and
high-temperature systems, generated sales revenues of EUR 23.1
million in the first quarter of 2011 (previous year: EUR 33.0
million), while its EBIT amounted to EUR 1.8 million (previous year:
EUR 3.2 million).

This decline in consolidated sales revenues was in line with
expectations and is due to lower sales revenues contributions from
the Solar Systems division, which declined from EUR 22.8 million in
the first quarter of 2010 to EUR 3.1 million now. Sales revenue
levels from this division will increase again in the coming quarters
due to the increased order backlog. In contrast, two divisions
recorded significant sales revenue growth: Industrial Systems with
EUR 11.3 million (previous year: EUR 6.8 million) and Semiconductor
Systems with EUR 8.8 million (previous year: EUR 3.4 million).

As expected, EBIT and consolidated net income for the period were
down year-on-year at EUR 1.8 million (previous year: EUR 3.2 million)
and EUR 1.3 million (previous year: EUR 2.0 million) respectively. At
7.6% (previous year: 9.7%), the EBIT margin was still slightly below
the forecasted range.

Incoming orders of the PVA TePla Group doubled from EUR 18.7 million
in the same quarter of the previous year to EUR 39.0 million
currently. The book-to-bill-ratio was 1.7 (previous year: 0.57),
significantly above 1. In the first three months of the year,
incoming orders in the Industrial Systems division were up
significantly on the figure for the previous year (EUR 8.9 million)
at EUR 15.6 million. The Semiconductor Systems division generated
incoming orders of EUR 22.4 million (previous year: EUR 9.0 million).
Incoming orders for the Solar Systems division amounted to EUR 0.9
million (previous year: EUR 0.8 million). Business development in
this division is primarily dependent on large orders. An order from
the Asian solar industry worth EUR 20 million was obtained in April,
meaning second quarter incoming orders will be significantly higher
in this division also.

At EUR 2.3 million, cash flow from operating activities was
considerably positive in the first quarter of 2011 after the negative
figure from the previous year (-EUR 0.6 million). Cash flow used in
investing activities amounted to -EUR 0.2 million (previous year:
-EUR 0.2 million). The free cash flow was EUR 2.1 million (previous
year: -EUR 0.8 million). The PVA TePla Group´s liquidity situation
continues to be positive, underlined by the high level of cash and
cash equivalents.

PVA TePla is specifying its guidance for fiscal year 2011 of
forecasted consolidated sales revenues of between EUR 120 million and
EUR 130 million and an EBIT margin of between 8% and 10%. The targets
are expected to be achieved at the upper end of the projected range.

end of announcement euro adhoc
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company: PVA TePla AG
Im Westpark 10-12
D-35435 Wettenberg
phone: +49(0)641 68690-0
FAX: +49(0)641 68690-800
mail: ir@pvatepla.com
WWW: http://www.pvatepla.com
sector: Misc. Industrials
ISIN: DE0007461006
indexes: CDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English

ots Originaltext: PVA TePla AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Gert Fisahn
Telefon: +49(0)641 68690-400
E-Mail: gert.fisahn@pvatepla.com

Branche: Misc. Industrials
ISIN: DE0007461006
WKN: 746100
Index: CDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade