EANS-News: PVA TePla publishes business figures for Q3 2012

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quarterly report

Wettenberg (euro adhoc) - (Wettenberg, November 9, 2012) - PVA TePla
AG - a manufacturer of silicon crystallization systems as well as
vacuum and high-temperature systems - generated sales revenues of EUR
83.7 million in the first nine months of 2012 (previous year: EUR
77.3 million). Operating earnings (EBIT) totaled EUR 6.2 million
(previous year: EUR 7.6 million) with a margin of 7.5% (previous
year: 9.8%). Incoming orders developed weakly, dropping to EUR 42.2
million as against EUR 130.6 million in the same period of the
previous year.

The Industrial Systems division generated sales revenues of EUR 36.5
million (previous year: EUR 40.7 million), due in particular to
processing orders for supplying hard metal production and graphite
processing systems. The Semiconductor Systems division increased its
sales revenues from EUR 26.6 million in the previous year to EUR 40.5
million thanks to the high order backlog for crystal growing systems
for the semiconductor industry. The Solar Systems division posted
sales of only EUR 6.6 million (previous year: EUR 10.1 million) due
to the weak order situation.

Incoming orders came to EUR 42.2 million (previous year: EUR 130.6
million), thus posting a weak development when viewed over the fiscal
year as a whole. The book-to-bill-ratio stood at 0.5 (previous year:
1.7). Across almost all business units, customers showed considerable
restraint in their investment decisions. Incoming orders in the
Industrial Systems division mainly comprised high-vacuum brazing
systems. The market for hard-metal sintering systems is currently
displaying a downward trend due to the high increase in capacity in
recent years. In the Semiconductor Systems division, the plasma
systems business unit accounts for the largest share of incoming
orders. In September, PVA TePla Danmark obtained an order for three
float-zone systems. The previous year's incoming orders in this
division were dominated by major orders for supplying crystallization
systems for the semiconductor industry. In the Solar Systems
division, the major expansion investments of the previous years were
halted due to the substantial overcapacity and intense pricing
pressure across the entire supply chain. Opportunities for new orders
are currently presented in regions wishing to develop production
capacity for photovoltaics modules locally on economic- political
grounds.

Operating earnings (EBIT) amounted to EUR 6.2 million (previous year:
EUR 7.6 million) and consolidated net income totaled EUR 4.3 million
(previous year: EUR 5.1 million). The EBIT margin was 7.5% (previous
year: 9.8%). The liquidity situation of the PVA TePla Group remains
positive as at September 30, 2012. As expected, the operating cash
flow was positive at EUR +3.9 million (previous year: EUR -6.6
million).

Based on these business figures and the absence of a recovery of
incoming orders in the reporting period, the probability of achieving
the previously planned incoming orders and sales revenues for the
remainder of 2012 was reassessed. PVA TePla now anticipates
consolidated sales revenues of EUR 105 million to EUR 110 million
(previously forecast: EUR 120 million to EUR 130 million) for fiscal
2012 owing to the difficult market environment. This sales revenue
level is expected to result in an EBIT margin of around 7%
(previously forecast: 8-10%).

In addition to the known weakness in the photovoltaics industry, the
general economic outlook in regions (China) and sub-markets (hard
metal) relevant to us has worsened. This also led to orders being
postponed until the next fiscal year, contributing to an adjustment
of the sales revenue and earnings expectations for the current fiscal
year.

To compensate for the lower utilization in production that can be
expected in the coming fiscal year, a cost reduction program has been
launched. The use of hired workers has been discontinued, temporary
employment contracts will not be extended and short-time work will be
introduced at the Jena and Wettenberg locations around the end of the
year. An additional program to reduce material costs has already been
implemented.

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

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