EANS-News: Pfeiffer Vacuum Technology AG / Pfeiffer Vacuum announces results for first half of 2011

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

Subtitle: • Disproportionate growth in sales and EBIT
• adixen integration progressing on schedule
• Full-year guidance reiterated

Aßlar (euro adhoc) - Pfeiffer Vacuum´s sales revenues developed on a
very positive note during the first half of 2011. The significant
186.6-percent year-on-year rise was attributable - aside from the
strong development of the company´s core business - first and
foremost to the initial consolidation of the adixen operations.
Pfeiffer Vacuum had acquired the "adixen" vacuum business unit from
the Alcatel- Lucent Group on December 31, 2010, which is why all line
items in the income statement for fiscal 2011 were impacted
considerably by this transaction.

Highlights at a glance:

| |H1/2011 |H1/2010 |Change |
|Sales revenues | | | |
|Operating profit |EUR 285.0 million|EUR 99.5 million|186.6 % |
|(EBIT) | | | |
|Net income |EUR 43.6 million |EUR 22.7 million|92.5 % |
|Earnings per share |EUR 29.1 million |EUR 17.8 million|63.8 % |
| |EUR 2.93 |EUR 2.07 |41.5 % |
| | | | |
|New orders |EUR 293.2 million|EUR 103.2 |EUR 184.1 % |
| | |million | |
|Order backlog |EUR 99.4 million |EUR 45.5 million|EUR 118.5 % |

| |Q2/2011 |Q2/2010 |Change |
| | | | |
|Sales revenues |EUR 141.4 |EUR 49.9 million|+ 183.2 % |
| |million | | |
|Operating profit |EUR 23.2 million|EUR 11.4 million|+ 103.3 % |
|(EBIT) | | | |
|Net income |EUR 15.4 million|EUR 8.5 million |+ 80.8 % |
|Earnings per share |EUR 1.54 |EUR 1.00 |+ 54.0 % |
| | | | |

In Europe, sales revenues advanced by 120.2 percent to EUR 127.4
million in the first half of 2011 (2010: EUR 57.9 million). Sales
revenues in Asia more than sextupled to EUR 105.5 million (2010:
EUR 17.0 million). In the Americas, sales revenues grew by 117.9
percent to EUR 51.5 million (2010: EUR 23.7 million).

One of the major reasons for the acquisition of the adixen operations
was adixen´s technology leadership and outstanding positioning in the
field of dry- compressing backing pumps. Accordingly, backing pump
sales revenues rose to EUR 109.7 million (2010: EUR 14.2 million).
Turbopump business, which is dominated by Pfeiffer Vacuum, grew by
91.2 percent to EUR 77.1 million (2010: EUR 40.4 million). Sales of
components and instruments, too, nearly doubled to stand at
EUR 58.8 million (2010: EUR 30.6 million). Service, as well, saw a
significant rise in sales revenues to EUR 36.4 million (2010: EUR
10.5 million). Systems posted a decline in sales revenues to EUR 3.0
million (2010: EUR 3.8 million).

In the Semiconductor market, sales revenues advanced to
EUR 100.4 million during the first six months (2010: EUR 10.0
million). Fueled by good organic growth, sales in the Industrial
Applications market segment increased by 116.0 percent to EUR 58.0
million (2010: EUR 26.9 million), while sales revenues in the Coating
market segment quadrupled to EUR 57.2 million (2010: EUR 14.1
million), with a positive impulse from the solar industry, first and
foremost, coming to bear here. In Analytics, sales revenues rose by
50.4 percent to EUR 43.2 million (2010: EUR 28.7 million). The
Research & Development market saw growth of 32.3 percent to EUR 26.2
million (2010: EUR 19.8 million).

New orders during the first half of 2011 totaled EUR 293.2 million
(2010: EUR 103.2 million). This 1184.1-percent rise was strongly
impacted by the first-time consideration of adixen´s order backlog.
However new orders from the former Pfeiffer Vacuum Group also
developed very well with growth of around 20 percent. As at June 30,
2011, the book to bill ratio, the ratio between new orders and sales
revenues, stood at 1.03 (2010: 1.04). The order backlog rose to EUR
99.4 million at period-end (2010: EUR 45.5 million).

As a result of effects stemming from the initial consolidation of
adixen, the gross margin declined by 12.0 percentage points to
33.9 percent (2010: 45.9 percent). Consequently, gross profit totaled
EUR 96.5 million for the first half of 2011, representing an increase
of 111.5 percent (2010: EUR 45.6 million). This development led to a
92.5-percent rise in operating profit to EUR 43.6 million (2010: EUR
22.7 million). This corresponds to an EBIT margin of 15.3 percent
(2010: 22.8 percent). Net income stood at EUR 29.1 million (2010: EUR
17.8 million). During the first six months of fiscal 2011, earnings
per share amounted to EUR 2.93 (2010: EUR 2.07). It should be noted
that calculation of earnings per share is based upon the average
number of shares in circulation. Consequently, this value rose year
on year as a result of the 10-percent increase of capital and the
sale of treasury shares (5.1 percent of the former equity capital) in
November 2010.

Pfeiffer Vacuum Chief Executive Officer Manfred Bender had this to
say about the results: "We are highly satisfied with the course of
business thus far. The semiannual results that we have now announced
show that we are on the right track in connection with the
integration of adixen. This is also manifesting itself in our success
in the market segments of Industrial Applications, Coating and
Analytics. After six months, our operating profit (EBIT) is up EUR 21
million, or 93 percent, from the year before. This is very noteworthy
given the fact that the integration process has only been in place
for the past six months." Bender continues: "We view our sales
revenue target of around EUR 550 million for the current fiscal year
as being realistic in the current market environment. The same also
applies with respect to our planned EBIT margin of around 15
percent."

For full press release including financial tables, see at
www.pfeiffer- vacuum.com

About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange symbol PFV,
ISIN DE0006916604) is a leading supplier of vacuum solutions
worldwide. In addition to a full range of hybrid- bearing and
magnetically levitated turbopumps, our portfolio includes backing
pumps, measurement and analysis tools and components, as well as
vacuum chambers and systems. Ever since it introduced the
turbomolecular pump, Pfeiffer Vacuum has been known for innovative
solutions and high-tech products in the analytics sector, in research
& development, environmental technology, chemistry, semiconductor
production and vacuum coating technologies, as well as in the
automotive industry and numerous other sectors. 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 worldwide. 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
--------------------------------------------------------------------------------

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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English