Pfeiffer Vacuum Posts Record Sales in FY 2017
- Total sales of EUR 587.0 million
- EBIT/-margin of EUR 71.4 million/12.2 percent
- Adjusted EBIT/-margin of EUR 80.9 million/13.8 percent
- Pleasing order intake in first months 2018
Total sales for FY 2017, which had been preliminarily announced and have meanwhile been audited, amounted to EUR 587.0 million. This represents a significant increase of 23.8 percent (previous year: EUR 474.2 million). Operating profit (EBIT) came to EUR 71.4 million (previous year: EUR 68.0 million), somewhat lower than preliminarily announced, due to regular cut-off and valuation procedures in year-end closing. Thus, another record high in the history of Pfeiffer Vacuum was achieved. However, EBIT increased 5.0 percent, due to the one-offs PPA and increased consulting cost. EBIT margin for FY 2017 came to 12.2 percent and was thus 2.1 percentage points lower than previous year's 14.3 percent. Adjusted by the aforementioned one-offs, EBIT was at EUR 80.9 million with a corresponding margin of 13.8 percent.
Pfeiffer Vacuum's order intake for FY 2017 amounted to EUR 642.1 million (previous year: EUR 481.9 million). The book-to-bill ratio – the ratio of order intake to sales – was 1.09 in 2017 (previous year: 1.02). Year-end order backlog amounted to EUR 127.4 million (previous year: EUR 72.3 million).
The Management and Supervisory Board propose a dividend of EUR 2.00 per share (previous year: EUR 3.60). The payout ratio would thus amount to around 37 percent of consolidated net income.
On March 7, 2018, the Management and Supervisory Boards announced a CAPEX plan with a total volume of EUR 150 million by 2020. Key areas of this investment plan are: expansion and modernization of production capacity, intensification of research & development, acceleration of industry 4.0-efforts and expansion of our global footprint in Asia, with a particular focus on China.
Key figures at a glance:
|Sales||EUR 587.0m||EUR 474.2m||+23.8 %|
|EBIT||EUR 71.4m||EUR 68.0m||+5.0 %|
|Net income||EUR 53.8m||EUR 47.0m||+14.5 %|
|EPS||EUR 5.46||EUR 4.77||+14.5 %|
|Dividend per share||EUR 2.00*||EUR 3.60||-44.4 %|
|Order intake||EUR 642.1m||EUR 481.9m||+33.2 %|
|o/w from acquisitions||EUR 52.2m||-||-|
|Order backlog||EUR 127.4m||EUR 72.3m||+76.2 %|
*Subject to the approval of the Annual General Meeting
Dr. Eric Taberlet, CEO of Pfeiffer Vacuum Technology AG, comments, “We at Pfeiffer Vacuum had a very eventful year behind us. Despite all the challenges we are facing, 2017 has been a record year when it comes to sales and EBIT, which attest to the Group’s stable growth. Pfeiffer Vacuum will strengthen its excellent market position to further expanding the Group’s leadership in vacuum technology. And our figures show that we are already off to a good start.”
In terms of sales broken down by regions, Europe posted a pleasing increase of 17.8 percent to EUR 222.5 million (previous year: EUR 188.9 million). Sales in Asia rose significantly by...
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