World News: 07:00 GMT Friday 10th August 2018. [EQS Group via SPi World News]
DGAP-News: PVA TePla AG / Key word(s): Half Year Results
PVA TePla: Publication of 2018 half-year report
- Sales revenue/EBITDA in line with planning
- Incoming orders of EUR 76.5 million (up 68%)
- Order backlog of EUR 171.1 million (230%)
- Forecast for year confirmed: Sales revenue of EUR 94 million, EBITDA of EUR 11 million
The PVA TePla Group, Wettenberg, a manufacturer of systems for the production of industrial crystals, vacuum and high-temperature systems, plasma systems and systems for non-destructive quality inspection, generated consolidated revenue of EUR 38.2 million (previous year: EUR 43.6 million) and EBITDA of EUR 2.0 million (previous year: EUR 2.6 million) in the first half of 2018. It should be noted as regards revenue recognition in the first half of 2018 that the new IFRS 15 no longer allows the recognition of some revenue from ongoing contracts to the original extent. Had the previous accounting requirements of IAS 11 and IAS 18 been applied as of June 30, the PVA TePla AG would have recognized a further EUR 5.4 million in revenue and an additional EBITDA of EUR 1.5 million.
Incoming orders and order backlog
Outlook for fiscal 2018
The half-year report is now available to download on the company's website www.pvatepla.com.
For further information, please contact:
Dr. Gert Fisahn
PVA TePla AG
|Company:||PVA TePla AG|
|Im Westpark 10-12|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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