Pfeiffer Vacuum Technology Preliminary 9-month Operating Result Rises

Pfeiffer Vacuum Technology AG (PFFVF.PK,PVTCY.PK) said it achieved record preliminary results for the first nine months of 2021. The sales growth in the Semiconductor and Emerging Technology market segment was 35.7 percent for the period. The backlog at the end of September 2021 was at a new record level. Based on these factors, the company again improved its outlook.

The preliminary nine months operating result (EBIT) was 74.0 million euros, up 107.3 percent from a year ago. EBIT margin was 12.9 percent compared to 7.9 percent. Group sales increased by 26.7 percent to 575.3 million euros. Order intake was 690.8 million euros, an increase of 49.8 percent from previous year. The backlog at the end of September 2021 was at a new record level of 238.8 million euros.

For fiscal 2021, Pfeiffer Vacuum now anticipates sales will be in a range between 730.0 million euros and 750.0 million euros, up from prior guidance of 710.0 million euros to 730.0 million euros. EBIT margin performance is projected to be between 12.0 and 13.0 percent, unchanged from the previous expectations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT