Corporate | 28 May 2013 18:01
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Pfeiffer Vacuum Technology AG / Key word(s): AGM/EGM/Forecast
– Vast majority of shareholders approved all items on the agenda
Asslar, May 28, 2013. The Annual Shareholders Meeting of Pfeiffer Vacuum with an outstanding presence of 52.13 percent of the voting rights took place at the Wetzlar city hall today. About 400 guests attended the event and were guided through the agenda by Dr. Michael Oltmanns, the Chairman of the Supervisory Board. The vast majority of shareholders approved all voting items. Thus, on May 29, a dividend of EUR 3.45 per share will be distributed. This corresponds to a total of EUR 34,043,423.55. In his speech, Manfred Bender, CEO of Pfeiffer Vacuum, identified the difficult economic influences that impacted the course of the fiscal year 2012. However, he did not omit to highlight the company’s improved profitability and the efficient international cooperation between the different sections of the company. Bender also presented the current state of integration of adixen and Trinos Vacuum-Systeme. Pfeiffer Vacuum acquired both sections of the company in 2010. Many new products and projects have already emerged from the pooling of competencies. The latest example is the ASM 340 leak detector from adixen with a specially adapted turbopump from Pfeiffer Vacuum. The company launched this product onto the market at the Hanover Fair in April. Regarding the outlook for 2013, the CEO pointed out the improvement in incoming orders in the first quarter compared to the fourth quarter of 2012. ‘I do not want to overrate this, but after a few quarters of continuous decline, it is the first increase compared to a previous quarter, and that goes for new orders as well as to orders in hand,’ said Bender. He explained: ‘Despite the initial positive signs regarding the incoming order situation, I am not euphoric about this year’s sales development. At this point, we therefore anticipate that total revenues from sales will be in the region of EUR 420-450 million.’ Thus, the company anticipates that there will be another decline in sales. This decline will affect the measures that have been initiated to improve profitability. ‘We assume that the EBIT margin will be approximately 12 percent in 2013. This does not change the fact that in the medium term we have significantly more ambitious margin targets,’ adds Bender. ‘Pfeiffer Vacuum is a thoroughly sound and highly profitable company. The economy will pick up sooner or later. We are very well positioned for when this occurs.’
Manfred Bender’s presentation plus detailed information relating to the results of the voting are available at
Contact:
Investor Relations
About Pfeiffer Vacuum
End of Corporate News 28.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Pfeiffer Vacuum Technology AG | |
| Berliner Str. 43 | ||
| 35614 Asslar | ||
| Germany | ||
| Phone: | +49 6441 802-0 | |
| Fax: | +49 6441 802-1365 | |
| E-mail: | info@pfeiffer-vacuum.de | |
| Internet: | www.pfeiffer-vacuum.de | |
| ISIN: | DE0006916604 | |
| WKN: | 691660 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 213557 28.05.2013 |